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Dynamic Energy Storage Solutions Provider Valence Technology Reports Fiscal ...

14.06.10

, A paramount U.S. based, globalBymanufacturer and supplier of conservative lithium iron magnesium phosphateIn generalenergy storage solutions, today reported pecuniary results for its financial fourth quarter and monetary year ended Slog 31, 2010. The CompanyLargealso provided highlights of developing business and operational motion.

Highlights:

-- Improved yield outlook for fiscal year ending Parade 2011.

-- Purchase orders, kit out agreements, and development programs have beenPrincipallysigned with several customers including Beneteau, Enova Systems, eVito, Energized Vehicles International, Optare PLC, Siemens, SmithAs a ruleElectric Vehicles, and Tennant Concern.

-- Progress continues toward commercialization of next age patented Lithium Vanadium Phosphate and Lithium VanadiumUsuallyFluorophosphate cathode materials.

-- Thoroughgoing production capacity of 150 Mega Watt Hours with a manufacturingIn generalmodel that can be replicated geographically as require dictates.

Source: MarketWatch (press release)

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