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

To: Mark Johnson who wrote (9962)	3/28/1999 4:32:00 PM
From: Richard M. Jimmink	Respond to of 27311

Mark, Basically, Valance has one product line. It is still considered an R & D company. The facility reviewed at the stockholders meeting, gave the investors a look at a production facility. The two pacing factors in the successful production of the units are, process and manufacturing engineering. The manufacturing process change was addressed in February. Those who invest in R & D companies are aware of the investment risk. Timing for a successful product production run is unknown. Thousands of units ( pre-production )have been distributed in the field. The performance results for all of those units, will be summarized by the quality control engineers an given to LEV. At that time he will have three options. One have the major OEMS sign the purchase orders and continue with the next generation of advanced lithium batteries. Two, back to the manufacturing engineers for improvement Three, go bankrupt, as is the theme of some on this board. On each board, there are a few who get their jollys playing with words. Patents are excellent, but only of value, when sold under a license or when a competitor decides to violate the patent claims. The Mars mission may fly with Valence technology, but it would be a custom design for the payload, NASA is not a good start up customer.