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

To: Larry Brubaker who wrote (21431)	9/7/2000 8:50:18 AM
From: LiPolymer	Respond to of 27311

The Hanil news snippet: Hanil starts commercial production of lithium ion polymer batteries Hanil Valence has begun commercial production of lithium ion polymer batteries, the next generation storage battery for mobile phones. Hanil said it is the first firm in the world to start commercial production of lithium ion polymer batteries. Several battery makers in Japan are producing sample products of these batteries. Hanil will produce 1 million lithium ion polymer batteries a month. The batteries will be 36mm x 65mm x 6mm in size with a capacity of 900mA/h. Hanil plans to begin producing large capacity lithium ion polymer batteries for notebook PCs in the second half of next year, targeting a monthly output of 6 million units by 2005. Date : 1999.11.01 The status of Hanil was addressed back in February at the SM. The company was not happy with Hanil progress, being gated by quality issues when they tried to bring the line up to commercial production levels. Additional resources from Henderson were to be utilized at Hanil to smooth out the wrinkles and get the yields up. It should not be surprising that this could take several months, especially considering a brand new line had been installed in Hanil for which there was no previous experience. This is merely an unfortunate delay, but the LT story remains intact as Hanil ramps up into an insatiable market for reliable, lightwieght portable power.