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Valence Technology, Inc. (VLNC) Ships its 200,000th Battery, Recognizes itself as the Leading Worldwide Supplier of Lithium Phosphate Energy Storage Systems

Valence Technology, Inc. announced this morning that it has celebrated a substantial company milestone – the shipment of 200,000 Valence batteries since 2005. The company’s battery technology powers a variety of applications including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs) including cars, buses, trucks, scooters and motorbikes.

“As this milestone demonstrates, we believe that Valence is the number one worldwide supplier of lithium phosphate energy storage systems,” stated Robert L. Kanode, President and CEO of Valence. “In addition, our recent supply agreements confirm that Valence’s safe chemistries, robust intellectual property and customized solutions meet the stringent demands of any top-tier EV or hybrid manufacturer.”

The company believes its success is a direct result of its worldwide business development strategy, which has advantageously leveraged the Northern Ireland office to focus on Europe, where strict emissions standards and high gasoline prices have propelled the European EV market beyond the stage of early adopters.

Alastair Johnston, Vice President of Worldwide Sales and Marketing for Valence, commented, “Valence’s value is evident in the fact that we have an increasing share of the European Motive market for large electric commercial and mass-transit trucks, vans and buses,” said Alastair Johnston, Vice President of Worldwide Sales and Marketing for Valence. “Our company is uniquely positioned as the only North American company shipping large-format, high capacity lithium phosphate batteries for EV applications – and we can deliver in volume, right now.”

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