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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Bob Childers who wrote (12567)6/30/1999 4:22:00 PM
From: Eli74  Read Replies (1) of 27311
 
Bob, I don't know if this will clarify the issue, but the press release announcing the Alliant purchase order, specifically referred to sales of both components (i.e., the same stuff they'd shipped to Hanil, I assume) and finished battery cells. The same press release also makes mention a few sentences later of Alliant making a "purchase order" for "lithium polymer batteries." So it seems that the company does indeed have purchase orders in hand. The fact that the release was dated on 6/24 would be entirely consistent with the language in the SEC document that VLNC is not in commercial production.

Eli74

P.S. Yes Virginia, I'm long, gonna get longer and stay that way.
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