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VLNC - (Valence Technology, Inc.) is a technology company
which has commercialized Saphion technology,
a lithium-ion technology that utilizes a
phosphate-based cathode material,
which the company believes offers greater thermal and electrochemical stability
than traditional lithium-ion technologies.
a while ago there were major news headlines reporting about
problems with portable computer batteries catching fire,
with special concerns about the possibility of
such battery fires occurring on aircraft in flight.
some view Valence's Saphion battery technology as a safer alternative
Valence's financial's have indicated weak liquidity (Quick Ratio of 0.86)
which revealed a lack of ability to cover short-term cash needs.
and also a poor P/E ratio;
negative earnings per share, explained as:
problems getting the product into production
Valence has transitioned its powder manufacturing
from Las Vegas to Suzhou, China
to capitalize on lower manufacturing costs.
on March 14, 2007 Valence filed EX-99 2 exhibit_99-1.htm with the SEC
which explains that Carl E. Berg,
chairman and principal stockholder of Valence Technology Inc,
stepped aside and Robert L. Kanode took over as chief executive officer (CEO).
Valance stock fell more then 25% on the news
the new Valence CEO, Robert L. Kanode,
has previously been program manager for the IBM Think Pad
I believe that in portable computer products, such as IBM ThinkPad,
the battery supply is quite an important component
I personally have confidence in IBM managers with successful track record,
and it would seem to me that if such a person with IBM management credentials
demonstrates his belief in the Valance battery product,
to the point of his own career decision to become its CEO,
would be reason for confidence in the company's future
Valence Technology Inc's most recent financials,
fourth quarter of its fiscal year 2006,
substantiate a significant increase in sales;
and the company's liquidity has increased
indicating improving cash flow.
not only do I have optimism about Valence's battery technology
being seen as having promise in products such as IBM ThinkPad,
Valence has also indicated belief that its battery technology
might have potential for hybrid and electric vehicles
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