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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (6396)12/29/1998 7:03:00 PM
From: Bill Holton  Read Replies (1) of 27311
 
I spoke to Betty T. today, and she gave me clarification on
exactly what the filing meant by safety testing. Vlnc is
applying for UL approval on its batteries. It has nothing to do
with whether or not the line runs properly, or whether the
batteries will explode or anything. She says this process can go
on simultaneously with production rampup and such. She says the
small line is currently installed and operating at reduced
capacity.
She says right now one of the company's main goals is some
sort of third party endorsement. A joint-venture or something to
that effect to precede any contract announcement. 
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