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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Dennis V. who wrote (11881)6/6/1999 3:32:00 PM
From: William Epstein  Read Replies (2) of 27311
 
Dennis V.:

The military side of my family told me that the Army Rangers and the Special Forces units were testing a rifle that shot bullets that could turn corners about a year ago. I still don't know if they were putting me on. However, they are usually, very reliable. I can't ask too many questions. I remember when the M-!6 was designated the AR-15 by Colt and still in its testing phase. The tests took almost 5 years and they still had some jamming troubles in Viet Nam. The Army is and has always been very conservative particularly, about the rifleman's basic weapon. Now it is even more complicated because the U.S. Army's basic rifle translates to NATO's basic type of rifle and ammo. However, it is confirmed that the specs. for these weapons will include night vision scopes as standard issue. (batteries) I'm sure that the competition includes more than 1 possible vendor. I am also sure that Valence would have to build a plant within the contiguous 48 to get the contract. The Army will not accept imported batteries for something so basic even, from a U.S. corporation. Valence would also have to show stability (revenues, profitability) to become an acceptable vendor. For Valence to use a large vendor as a shill they would have to license and turn over the whole of the manufacturing process to whomever, got the contract. Please,consider some of the difficulties facing Valence in dealing with the Defense Dept.
Bill
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