Mark,
Basically, Valance has one product line.
It is still considered an R & D company.
The facility reviewed at the stockholders
meeting, gave the investors a look at a
production facility.
The two pacing factors in the successful
production of the units are, process and
manufacturing engineering. The manufacturing process
change was addressed in February.
Those who invest in R & D companies are
aware of the investment risk. Timing for
a successful product production run is unknown.
Thousands of units ( pre-production )have been distributed in the field.
The performance results for all of those units,
will be summarized by the quality control engineers
an given to LEV.
At that time he will have three options.
One have the major OEMS sign the purchase orders and continue with the next generation of advanced lithium batteries.
Two, back to the manufacturing engineers for improvement
Three, go bankrupt, as is the theme of some on this board.
On each board, there are a few who get their jollys
playing with words.
Patents are excellent, but only of value, when sold under a license
or when a competitor decides to violate the patent claims.
The Mars mission may fly with Valence technology, but
it would be a custom design for the payload, NASA is not
a good start up customer. |
