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Technology Stocks : Lithium Polymer Batteries

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To: gvander who wrote (81)	7/2/1997 10:46:00 PM
From: gvander	of 127

Interesting month -- Summary of this month's significant announcements: Sanyo Electric to increase its capacity in the latter half of this year for Li-ion batteries in preparation for new additions to its lineup. [paraphrased from; Nikkei English News] Kanebo Ltd. said Tuesday [6/18] it will join forces in July with Japan Storage Battery to market rechargeable batteries for use in mobile phones and other portable devices. [Comline] Ultralife Batteries, Inc. Awarded $1,700,000 Phase III SBIR Cost-Sharing Contract to Produce Lithium Batteries Ultralife Batteries Receives Follow-On Commitment from Major Computer Manufacturer to Mass-Produce Advanced Rechargeable Batteries Lithium Technology Corporation Signs Letter of Intent to Sell $3.25 Million To $5 Million of Convertible Debt and Negotiate a Commercialization Alliance With Strategic Partner Investors Valence completes Conference Call 7/2/97 (Target 1st quarter 1998 for commercial production -- limited automated production commenced) Valence Technology Posts 4Q Loss of $0.31 vs. Loss of $0.17 Valence Technology - files 10-K Hitachi Maxell to begin mass production as early as this fall of polymer lithium-ion batteries for notebook PCs and mobile communications devices. Hawker completes $8.5 million investment into Polystor

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