Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Childers who wrote (18463)	2/28/2000 8:31:00 AM
From: Doug McKenzie-Mohr	Read Replies (2) \| Respond to of 27311

Valence announces they are shipping batteries! ************************ Valence Technology Begins Commercial Shipment of Lithium Polymer Batteries MALLUSK, Northern Ireland and HENDERSON, Nev., Feb 28, 2000 /PRNewswire via COMTEX/ -- Valence Technology, Inc. (Nasdaq: VLNC) today announced that it has commenced shipments of batteries from its main manufacturing facility in Mallusk, Northern Ireland to Moltech Power Systems as part of a contract for Lithium Polymer batteries which was previously announced on November 11, 1999. "These shipments are for Valence's Model 25A batteries and represent revenue shipments against a standing purchase order," said Lev Dawson, Chairman and CEO of Valence. "This size and shape did not exist in our product line four months ago, but due to our unique patented technology we are able to design and produce a new line of batteries with both size and performance to meet our customers needs in a very short period of time. With most other types of batteries, a new size and shape would require a major investment and many more months of time." About Valence Technology Inc. With more than 400 battery patents awarded and pending, Valence is a leader in the commercial production of lithium polymer batteries. The company operates facilities in Henderson, Nev.; Seattle, Wash.; and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC. Valence can be found on the Internet at valence.com . The information contained herein includes forward-looking statements that involve risks and uncertainties. In particular, the establishment, development and potential success of product development and production outcomes are subject to risks and uncertainties both within and outside Valence's control. These risk factors are described from time to time in Valence's SEC reports, including on Form 10-K for the years ending March 29, 1998 and 1999, to which readers are referred. SOURCE Valence Technology, Inc. (C) 2000 PR Newswire. All rights reserved.