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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Tickertype who wrote (13735)	8/14/1999 2:10:00 PM
From: Tickertype	Read Replies (1) \| Respond to of 27311

And still some more.... While describing the equipment which is used downstream of the assembly process, and is arriving soon, Lev said: "we have the capability of making, with several million dollars investment, downstream from the assembly machines, allright? we have capabilities of building batteries that, uh?installed?we have no more coating capabilites necessary, allright? no more mixing liquids rooms - they?re plenty sufficient for us and our joint venture partners, we have laminating capabilities necessary to reach the targets I?ve anticipated?.I?ve told you about? $70-some million dollars, installed, we have assembly machines installed and working, nicely. Now, to do the numbers I?ve talked to you about we have conditioning systems? we?re gonna buy some more conditioning systems now..I anticipate we?re talking about a million or two ($$) more conditioning systems, we have plenty to get going, plenty enough to get going but we anticipate more conditioning systems coming downstream. We have extraction?capacity..you know we have to buy more extraction vessels for production ramp-up but the turn-around on those is about four weeks, and they?re 6 or 7 thousand ($$) apiece, and?after that.. .degas-reseal, we have a new million and a half dollar degas-reseal machine arriving in the next couple of weeks?.have I forgotten anything guys? That?s?that will balance the line. And that means that we can make $77 million dollars worth of product, when all that?s installed. In the meantime, we can make more than enough product for any anticipated needs that we see in the short term..now I don?t expect customers to order, you know, 4 million batteries?I?d expect them to put it into a top end product and put it on the market and watch the performance and ramp up from there. And I think we?re well balanced for that plan, ? and with the IDB money, there is more than enough IDB money arriving early in the game for us to finance all the additional capital equipment we need.. to achieve the 70-some-odd million dollar?s production rate. The production rate to take it up beyond 250 million dollars, cash out of our pocket, is only about 11 or 12 million dollars. All right? And I think that?s a specific answer." - T -