Valence Technology just announced that it has been selected to provide lithium phosphate batteries and dynamic energy systems for a new master-planned smart grid community called Discovery at Spring Trails. Valence’s systems will be used to demonstrate a practice called “peak shaving,” which utilizes home appliances more efficiently during peak demand hours.
In a press release, Robert L. Kanode, president and CEO, Valence Technology, commented on the news:
“Valence Technology is proud to be involved … Read the rest
Valence Technology (VLNC) is popping back up above the buck level today on news it’s providing its lithium battery storage systems for the new Mercedes eVito electric taxis in London. Mayor Boris Johnson has visions of a pollution free London and wants to provide a fleet of electric taxis in time for the 2012 Olympic Games. Road testing of the taxis will begin right way.
“This is a real game-changer for fleet vehicles,” said Robert … Read the rest
Not sure how we missed this one this morning. Valence Technology (VLNC) landed a big deal today and will be the lithium battery supplier to the world’s largest yacht manufacturer, BJ Technologie. They will be the exclusive provider for all new Beneteau Group hybrid electric yachts, sailboats and motorboats that use the ZF Marine hybrid drive system with potential revenue of $9 million over the next year. I can’t imagine there is a strong market … Read the rest
Valence Technologies (VLNC) surged back above a buck today on a $3.1 million lithium battery order from Smith Electric Vehicles.. now if the company could just get an order from a company other than Smith, then I’ll get interested. Valence provides both batteries and charging systems to Smith Electric for both the Smith Edison and Smith Newton electric vehicles which are apparently big in Europe.. just like the Hoff (David Hasselhoff that is 🙂 Delivery … Read the rest
Valence Technology (VLNC) announced this morning that it received a $1.4 million order from Smith Electric Vehicles for its U-Charge lithium battery systems to be shipped in the latter half of next year. Smith is ramping up production of its Newton electric truck line at the Kansas City plant to meet demand for next year.
VLNC is up about 10% on the news, but well off the morning highs. It’s trying to find support around … Read the rest
Valence Technology just announced that the company has joined a team of yachting industry leaders committed to developing a hybrid bluewater yacht and bringing it to market. Other team members include custom yacht builder Foundation Beneteau Yachts, marine diesel engine company Volkswagen AG and Tier 1 driveline integrator ZF Marine. Valence will provide its lithium-ion battery systems for the yachts.
Valence Technology, Inc just announced that it has signed a supply agreement to provide EVI with batteries for their electric trucks. The companies announced the deal at the Grand Opening Ceremony for EVI’s new Stockton, California plant.
In a press release, Robert L. Kanode, President and CEO of Valence Technology, commented on the deal:
“The Valence U-Charge energy storage systems offers EVI the flexibility to offer three distinctive electric trucks from class 4 (15,000 … Read the rest
Valence Technologies (VLNC) announced this morning a two year supply deal with Tennant (TNC) for its lithium phosphate batteries to be used in Tennant’s new compact floor scrubber. The lithium powered scrubber will be tested next month with full production scheduled a few months later. No word on the financials of the deal.
“Growing acceptance of our safe lithium phosphate energy storage solutions across industrial applications reflects the performance, reliability, flexibility and immediate availability of … Read the rest
Valance Technology just announced a deal with private equity firm Seaside 88, according to this article in the Austin Statesman. Under the terms of the deal, Seaside will buy up to 16.9 million shares at a discount from Valence over the next year. Seaside 88 purchased 650,000 shares on Thursday. The deal gives Valence a much-needed cash infusion.
In the Statesman article, Valence co-founder and chairman Carl Berg, who has been largely meeting the cash … Read the rest
Valence Technology (VLNC) is still a develop stage company so its earnings reports aren’t too critical at this point. More important are the pieces being put in place now for revenues down the road and it appears the company is on that track. We’ve been covering those announcements here in the past few weeks. However, this is still a company probably a few years away from being profitable.
Last quarter the company lost .04/share which … Read the rest
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