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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Bill Wexler who wrote (21666)9/28/2000 9:48:07 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
<<Valence is now producing commercial quantities of batteries from its Mallusk, Northern Ireland plant on an automated assembly line and is rapidly ramping up its production. This, and other information about Valence is available to the public in public filings available at www.sec.gov and on their website at www.valence.com.>>

Bill, I am having trouble finding statements in the SEC filings to verify your statement that VLNC is rapidly ramping up production. The following statement is what I found in VLNC's latest 10-Q. Could you direct me to the statement in VLNC's SEC filings that says VLNC is rapidly ramping up production?

<<At the present time our ability to sell and ship product is limited. We currently have three outstanding unfilled purchase orders for our batteries and are actively
soliciting additional purchase orders. We presently have limited quantities of batteries available for sale and do not currently have the necessary equipment in operation to manufacture a commercially adequate volume of products. We are currently installing additional automated equipment at our facilities in Mallusk, Northern Ireland and anticipate that this production facility will be fully operational by the third quarter of calendar 2001, which will provide us
the capacity to manufacture and ship batteries in high volumes.>>
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