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

To: Jeff S. who wrote (22376)	11/16/2000 9:54:00 PM
From: wm sharp	Read Replies (1) \| Respond to of 27311

Ditto, Herb and Jeff! Can't get proper playback but no matter. Lev's out of the bunker and in front of the cameras again. Yow! After what he's been through, I'd consider this a big indicator.

To: Jeff S. who wrote (22376)	11/16/2000 11:03:46 PM
From: P. Ramamoorthy	Respond to of 27311

Jeff, S. Here it is. I heard last week that Lev was planning to talk to the institutions later. In this interview, he says otherwise. His demonstration - cutting the battery into pieces - was impressive. Some said that they sold or almost sold the stock. Lev says he bought the stock. Who would know better? Ram cbs.marketwatch.com Building a better battery CEO Lev Dawson says Valence Technology's new battery technology will revolutionize the industry with a battery that can be recharged hundreds of times. (Nov.16) Welcome to CBS Marketwatch, this is John Freedman. With me is Chairman and CEO of Valance Technology, Lev Dawson. Tell us what is your company all about. We make Li Poly battery. A new technology that allows … a thin battery, …anywhere from a centimeter square to 12 inch square.. Its used in everything from …in powering submarines to satellite, cell phones, portable computers, personal digital assistants, - a revolutionary new battery technology. What is new and different about it? It is made with polymers. It is very thin, using a coating technology, encase it in a material which comes from the food industry as opposed to a can. It is very safe. Is it better for consumers, at the same time, as well as the industry too? Well…It is suitable for the consumer market. It is put in by the manufacturer of the products - a toy, a PDA or a portable computer. I was talking …stock had a bounce here, moving pretty well… We have not been making a lot of noise last few years. We've been very quiet. Have not given any interviews, Haven't seen any media until we acquired the rest of the patents we needed to have a good licensing model. Why the stock has been dong well, the last couple of weeks? We have been out talking to institutions, talking to the media, now about our technology because we have captured over 700 patents worldwide, of our technology now. We have inherited 15 licensees. We are in production at our Bellfast NI plant facility. We are shipping batteries. As you well know, company is either a buyer or a seller? Are you a buyer or a seller these days? Of stock? Of your company. I bought quite a few shares of my own company stock. Any offers to take over of VLNC? Oh, no, no. Nobody has approached us. I do not think we'd be interested. Not at this valuation. You recently bought a company too! Yes. We have acquired the assets of Bellcore technology, Telcordia technology's battery rights, basic patent we used to have . We both essentially do not have With the acquisition of the rest of the technology we can market and we can also license people to build battery. Who are your leading clients these days? We have batteries in satellite phones. They are going into telematics-type applications, we have some cell phone applications. Quantum has announced they are putting them into their disk drives. We are shipping that. We have a lot of military applications. They are in submarines, they have been tested, exposed to a pressure down to 4000 feet of water. Air force has announced that they would put them in the satellite. We are shipping those batteries to our JV partner Alliant, outside of Philadelphia. What is the future of the company, at this point? Where do you go from here? We think we have an opportunity, at least, to dominate the battery business, over the next decade. We think we have a real opportunity to put this battery in everything from handtools to automotive. And we think we have an opportunity to make it at very little cost, very large battery. If you want to make a large battery, it has got to be safe. When you say battery, we think of Duracell and all. Duracell is not doing so well. Why is your battery better than they are? Well. That is a primary battery. It is a non-rechargeable battery. These are rechargeable batteries, hundreds of times. And, when you recharge a battery 300 times you can divide its cost by 300 compared to a battery you throw away after a single use. What is your background? I am an electrical engineer. Which company were you working before this? ….Fairchild, in semiconductor business, as a product manager, as a director of business planning, ran several companies, designed computer Show us some demonstration. Lev takes a pair of scissors and starts cutting pieces of the battery that is powering an electric lamp. He keeps cutting pieces. The lamp is still on. (Verrrrrry Impressive!) <End>