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

To: Pallisard who wrote (8021)	2/5/1999 8:48:00 PM
From: Sig	Read Replies (2) \| Respond to of 27311

Pallisard, Let's be careful with what Lev said. He did not knock those companies manufacturing cobalt-based batteries. It's not in his nature to bash. What he did say was that cobatl based B's have very ticklish parameters; they can burn, explode, release toxic gas, and so on, so each battery has safeguards against this built into them. which perforce makes them either thicker, or heavier, and more expensive. Each individual cobalt based battery has a detector inside it for each possible defect, and they go to market this way. Our maganese oxide battery does not have these problems, and maganese is abundant, inepensive and nearby. Cobalt is scare, has to mine, and distant. That's why he's placed such enormous emphasis on safety, and can now devote the company to the names of the game -- energy density (emphasis mine, but his was very clear). Energy density is the key, not cycle life, I recall him saying. He also spoke about their use of huge amounts of nitrous exide. Europe is the biggest uses of nitrous oxide in the world, but Valence now has the largest coater in the world. He said that Valence is a Manganese lithium polymer battery Company, to be accurate. The no. of employees is 164 in NI and 50 here. Further to the analyysts' visits, he said they slipped all OEM's compliments, and there was no negative feedback. Another huge area is packaging, he said, and eventually Valence will probably have to get into that. I think I'm right in saying LD said they (cobalt people) haven't been able to make thick batteries and Valence can. That's it for my notes. And pardon the spelling goofs, I don't feel like going back to correct them. LOL to us all.