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


To: Greg Smith who wrote (4869)11/11/1998 8:04:00 PM
From: I. N. Vester  Respond to of 27311
 
mooter: letter of acceptance

Lev mentioned the 'acceptance letter' when asked about
what was required for vlnc to get the 2nd & 3rd tranche.
A letter from a customer stating that the batteries
meets their requirement is all that is required to allow
vlnc to receive the 2nd tranche, though that tranche is
quite small (i remember something like 1.5MM), and a po
is required for the 3rd tranche.