|
Company:
|
VALENCE TECHNOLOGY INC (VLNC)
|
|
Form Type:
|
8-K
|
|
Filing Date:
|
7/6/2009
|
|
CIK:
|
0000885551
|
|
Address:
|
12303 TECHNOLOGY BLVD
SUITE 950
|
|
City, State, Zip:
|
AUSTIN, Texas 78727
|
|
Telephone:
|
(512) 527-2900
|
|
Fiscal Year:
|
03/31
|
|
|
|
|
|
Last Trade
|
Last Trade:
$0.77
|
Change:
-0.053 (-6.47%)
|
Trade Time:
10:27 AM EST
|
Market Cap:
$98.88M
|
|
|
|
|
Description of Business
|
|
Valence Technology, Inc. was founded in 1989 and has commercialized the
industry's first phosphate-based lithium-ion technology. Our mission is to drive
the wide adoption of high-performance, safe, low-cost energy storage systems by
drawing on the numerous benefits of our Saphion(R) battery technology, the
experience of our management team and the significant market opportunity
available to us.
In February 2002, we unveiled our Saphion(R) technology, a lithium-ion
technology which utilizes a phosphate-based cathode material. Traditional
lithium-ion technology utilizes an oxide-based cathode material, which has
limited its adoption to small applications such as notebook computers, cellular
phones and personal digital assistants ("PDAs") due to safety concerns related
to its use in large applications. We believe that Saphion(R) technology
addresses the major weaknesses of this existing technology while offering a
solution that is competitive in cost and performance.
|
|
|
|