VLNC shipping proto-type K Charge for EV's:
amtdrt.inlumen.com
Valence Ships K-Charge Power System to EVI; K-Charge Prototypes to be Tested in Electric Vehicles
Business Wire - May 29, 2003 09:30
AUSTIN, Texas--(BUSINESS WIRE)--May 29, 2003--Valence Technology, Inc. (NASDAQ:VLNC), a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries, today announced that it has commenced shipment of prototypes of its K-Charge(TM) Power System to Electric Vehicles International (EVI), a leading manufacturer of electric delivery trucks and shuttle buses. The K-Charge systems will be tested in electric delivery trucks manufactured by EVI.
"EVI is driving innovation in the electric vehicle market, and we are excited to be a part of it," said Stephan Godevais, chairman and CEO of Valence. "Our Saphion Lithium-ion technology offers significant advantages to this market in terms of performance and safety. We are eager to demonstrate its true power in our K-Charge systems."
"In evaluating Valence's Saphion technology, we have found that it clearly possesses advantages over the current technology utilized in the electric vehicle market," said B. Samra, president of EVI. "The combination of safety, performance and low maintenance costs make this technology ideal for our industry, and we look forward to putting the K-Charge systems on the road in our delivery trucks."
In December 2002, Valence received a purchase order for its K-Charge systems to be field tested in EVI's electric vehicles.
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