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

To: LiPolymer who wrote (20095)	6/14/2000 6:22:00 PM
From: spiral3	Read Replies (1) \| Respond to of 27311

does anyone here have any info or update on Finecell in Korea.....found this and don't really know what to make of it. I read the December posts on the thread, but didn't see it mentioned. sorry if it's old...if it's for real, they seem to be lagging Valence, so I'm puzzled by the headline. Any comments would be appreciated. TIA. discl: long vlnc WORLD'S FIRST LITHIUM-POLYMER BATTERY PRODUCTION SYSTEM DEVELOPED BY FINECELL Finecell Co., a next-generation battery developer, announced that it has developed the world's first mass production system for rechargeable lithium-polymer batteries. The venture company said that it has also developed ''polymer electrolyte,'' a core component of the state-of-the-art battery, without any technical assistance from foreign firms. It marks the first time in the world's battery-manufacturing industry that a batch system was developed for mass production of the most advanced type of rechargeable battery, which was first developed in 1994 by Bellcore, a U.S. battery maker. Nicknamed ''dream battery,'' the lithium-polymer battery can be produced in different types, even in thin-film form, promising to emerge as the No. 1 battery to replace the current lithium ion, or Li-ion, battery. ''We plan to start mass production of the Li-polymer battery in the second half of next year,'' a Finecell official told. The technical success by the Korean developer came as the world's leading battery developers are caught up in a fierce battle to commercialize the lithium-polymer battery, he said. ''Several leading battery firms, including Sony Electronics, Panasonic Industrial, Valence Technology and Lithium Technology, have licensed Bellcore's plastic lithium-ion technology, but they have had difficulty in mass-producing products,''he said. Thanks to the development, a Finecell spokesman said, many Korean battery makers will no longer have to pay huge amounts of money to foreign companies in return for the transfer of advanced battery technology. He said that the development is expected to save the country up to 400 billion won on a yearly basis. Finecell, established by Dr. Jang Dong-hoon and his colleagues at Seoul National University's Lab of Electrochemistry in early 1998, plans to capture 1.5 percent of the world's lithium battery market for mobile phones by 2001. Finecell also plans to increase the share up to 15 percent by 2005 through production expansion and technology transfers. Currently, Japan virtually monopolizes the world's lithium ion battery market with around 98 percent share. consulatekorea-tor.org (I reformatted the article into paragraphs to make it easier to read) another link to this story is here: lily.keri.re.kr co. site given as: finecell.com but I get a "no listing" message.