VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FMK who wrote (90)	2/14/1997 12:48:00 PM
From: Matthew Leo	of 27311

FMK - <<What a strong statement of the value of this technology! It appears to have set a precedent for more joint ventures, especially for penetration of Asian markets. >> I thought you would find this interesting. Been following Lith for awhile - quite dicey (but...). In any case, you can see the potential of the Asian market and Korea through this deal. Valence has a big leg up there with their deal with Hanil Telecom. Incidentially, at the conf call Cal Reed said they would be breaking ground soon and in production by mid 98' Do I get another smile? Bye PLYMOUTH MEETING, Pa., Feb. 6 /PRNewswire/ -- Lithium Technology Corporation (the "Company") (OTC Bulletin Board: LITH) announced it has retained the Chase Manhattan Bank to represent it in establishing selected corporate partnerships in Korea. Chase Manhattan is the largest U.S. Bank and one of the world's largest banks, with assets over $330 billion. It will serve as the exclusive advisor to LTC on strategic alliances with Korean companies. The Company has already received numerous expressions of interest from companies in Korea for commercializing its lithium polymer rechargeable battery technology. David J. Cade, Lithium's President, commented, "The Chase Manhattan Bank has built a tremendous track record of business transactions with the top Korean companies for thirty years, and we are pleased to have such a globally prominent financial institution as our advisor." Lithium Technology Corporation is developing a new generation of solid state rechargeable batteries for portable electronic devices. The Company's patented and proprietary technology uses high performance fibers in composite battery structures and web handling/coating processes for manufacturing. SOURCE Lithium Technology Corporation CO: Lithium Technology Corporation; Chase Manhattan Bank ST: Pennsylvania IN: CPR FIN SU: CON 02/06/97 13:45 EST prnewswire.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next