Been surfing and found the following on an archive search at the Bellfast Telegraph, Northern Ireland's largest paper. It's been posted before, but thought I'd remind everyone who ahs already seen it, as well as provide news to those who are new here. Make particular note of the reference to commercial production in JUNE! We're almost there. Possibly the reason for the heavy volume and run-up in price. June's approaching quickly. No "bad" news out of the company to indicate that they'll miss this target. Remember, it takes a long lead time to ramp up for production. So, it seems that if they weren't going to make it, they would have announced it by now. Negative assurance!
Sleep well.
Here it is. It's only the first section of the article. I didn't feel like pulling out the bucks to subscribe to the archive service to get the whole article. Ha. Go figure, I invest big bucks in VLNC and I won't even drop a couple bucks on the article. Actually, I've already seen it when it was original in Feb/March 97.
I'll provide the URL to the Bellfast site if anyone else is interested.
News: 18 Feb 1997 - BUSINESSTEL - 78%
Summary: Hi-tech job deal back on course.
""EXCLUSIVE By FRANCESS McDONNELL AN AMERICAN hi-tech development group which four years ago promised to create 660 new jobs
for Northern Ireland in a 76m IDB-backed investment, is planning to go into production in June, the Business Telegraph has learned. Valence
Technology, which is developing advanced, re-chargeable, lithium polymer batteries for mobile phones, announced its plans to come to
Northern Ireland in 1993 and agreed a start up date for early next year. But the Nevada-based group ran into problems in the development of its
batteries and employment levels at its Mallusk plant outside Belfast never exceeded more than 25 people. Now Valence Technology has
successfully overcome its initial difficulites with the battery and, according to a company spokesman, is in the commercialisation process with
the product. David Archibald, vice president finance of Valence Technology, said the group is currently in the process of installing the
required equipment in its Nort""
Site:
belfasttelegraph.co.uk |
