biz.yahoo.com
Monday February 11, 9:31 am Eastern Time
Press Release
SOURCE: Valence Technology Inc.
Valence Introduces Breakthrough Saphion Lithium-Ion Technology
Phosphate-Based Lithium-Ion Solution Expands Market Reach of High Performance Batteries
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 11, 2002--Valence Technology Inc. (Nasdaq:VLNC - news), a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries, today announced the launch of its Saphion(tm) technology, a significant and positive development for the Lithium-ion market.
A key benefit of Valence's Saphion technology is its inherent electrochemical stability, which enables the creation of large, high energy density Lithium-ion solutions. Saphion technology offers the high performance of Lithium-ion with added environmental and cost benefits. It utilizes natural, phosphate-based cathode material in place of the less stable and more costly Cobalt. As a result, Saphion technology energy systems can be designed into a wide variety of products in markets not served by older Lithium-ion solutions.
``The arrival of Lithium-ion was the greatest advance in battery technology in years. But the use of Cobalt as the active material has limited its adoption beyond the high-tech industry,'' stated Sara Bradford, research analyst-electronics group for Frost & Sullivan. ``Valence's Saphion technology, because of its favorable cost, safety and environmental characteristics, creates new market opportunities for Lithium-ion technology. Saphion technology is in a favorable position to become the 'battery technology of this decade.'''
Saphion Lithium-ion technology benefits:
Great Value: high energy density at a low cost
Performance Safety: stable under higher temperatures and electrical stress
Environmental Friendliness: natural cathode material
Excellent Cycle Life: among the highest available for Lithium-ion
No Memory Effect: no negative effect from partial vs. full charge and discharge
Flexibility: appropriate for large or small, stacked or wound, polymer or wet constructions
High Efficiency, No Maintenance
``The launch of our Saphion technology reflects Valence's transition from an R&D company to a market and customer focused business,'' stated Stephan Godevais, president and CEO of Valence Technology Inc. ``We believe that today's announcement is a key milestone for the company as well as for the overall battery industry.''
About Valence Technology Inc.
Valence is a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries. Valence has more than 790 issued and pending patents worldwide, including 284 issued in the United States. The company has facilities in Austin, Texas, Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC and can be found on the Internet at www.valence.com.
Forward-Looking Statement
The information contained herein includes ``forward-looking statements.'' The company cautions readers not to put undue reliance on forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those described herein, for the reasons, among others, discussed in our reports filed with the Securities and Exchange Commission.
biz.yahoo.com
Monday February 11, 9:31 am Eastern Time
Press Release
SOURCE: Valence Technology Inc.
Valence Unveils Revolutionary Mobile Power Device At DEMO 2002
Valence's N-Charge Power System Provides Up To 10 Hours Additional Notebook Run-Time
PHOENIX, Ariz.--(BUSINESS WIRE)--Feb. 11, 2002--Today at DEMO 2002, Valence Technology Inc. (Nasdaq:VLNC - news), a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries, introduced its first end-user mobile device, powered by Valence's Saphion(tm) Lithium-ion technology.
The N-Charge(tm) Power System is the first portable battery system designed to recharge and/or run two mobile electronic devices simultaneously.
The N-Charge Power System is an easy-to-use, stand-alone energy solution that provides power for a variety of mobile electronic devices. With its built-in multi-device support and excellent run-time, the N-Charge Power System eliminates the user's need to carry multiple adaptors and additional batteries.
``The idea for the N-Charge Power System grew out of our desire to create a power solution that was versatile enough to accommodate a wide range of mobile devices, yet simple enough to make its use and transport hassle-free,'' stated Stephan Godevais, president and CEO of Valence. ``As notebooks and other mobile devices have attained higher levels of performance and become more power-hungry, power availability has become a key issue for mobile professionals. We believe that the N-Charge Power System, with its thin and light design, will have a significant, positive impact on how these devices are used.''
N-Charge Power System key features:
Valence's breakthrough Saphion Lithium-ion technology
Up to 10 hours of continuous notebook use
Up to 5 days of non-stop cell-phone talk-time
Simultaneous powering/charging of multiple portable devices via Adaptive Sensing Technology(tm)
Flicker-free functionality
``Research shows that battery life has risen to the top of the customer complaint list when it comes to notebooks or any mobile device. Unfortunately, battery technology does not subscribe to Moore's Law, and device vendors struggle between the delicate balance of battery life, device weight and material costs. Any increase in battery choice is an inherent benefit to vendors who seek higher performance components while containing device size, weight, and cost. This in turn benefits the notebook or mobile device user as well,'' said Randy Giusto, vice president of wireless and mobile devices, and PC technology at IDC.
Availability of the N-Charge Power System is planned for Spring of 2002.
About Valence Technology Inc.
Valence is a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries. Valence has more than 790 issued and pending patents worldwide, including 284 issued in the U.S. The company has facilities in Austin, Texas, Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC and can be found on the Internet at www.valence.com.
Forward-Looking Statement
The information contained herein includes ``forward-looking statements.'' The company cautions readers not to put undue reliance on forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those described herein, for the reasons, among others, discussed in our reports filed with the Securities and Exchange Commission. |
