VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: steve leftwich who wrote (508)	6/9/1997 10:14:00 AM
From: FMK	of 27311

Steve, the joint ventures are a means for VLNC to penetrate markets with essentially zero cash outlay. I understand they are providing technical expertise and laminate materials at breakeven but will share 50% of the profits. A nice payback for all the R&D! As for the "realistic potential for Valence", I would start with $1.50/sh per production line and $.75/sh per line for the %50 owned joint ventures. A comfortable expansion rate appears to be one line per month per quarter for the Ireland plant. I am not sure about the joint ventures or at what rate more joint ventures will be formed. I believe the Hanil startup should go much easier if the are essentially duplicating the equipment and techniques developed for the Ireland plant. I do recall an employment add for an Electrical Controls Engineer and two technicians to facilitate the installation of automated process equipment in VLNC client plants. I hope this was helpful. Regards, FMK

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