EVLN(Valence commercial production of lithium polymer batteries)

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EVLN(Valence commercial production of lithium polymer batteries)
[The Internet Electric Vehicle List News. For Public EV informational
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 --- {EVangel}
Valence Technology Begins Commercial Shipment of Lithium Polymer
Batteries

MALLUSK, Northern Ireland and HENDERSON, Nev., Feb. 28 /PRNewswire/ --
Valence Technology, Inc. today announced that it has
commenced shipments of batteries from its main manufacturing facility
in Mallusk, Northern Ireland to Moltech Power Systems as part of a
contract for Lithium Polymer batteries which was previously announced
on November 11, 1999.

"These shipments are for Valence's Model 25A batteries and represent
revenue shipments against a standing purchase order," said Lev Dawson,
Chairman and CEO of Valence. "This size and shape did not exist in
our product line four months ago, but due to our unique patented
technology we are able to design and produce a new line of batteries
with both size and performance to meet our customers needs in a very
short period of time. With most other types of batteries, a new size
and shape would require a major investment and many more months of
time."

About Valence Technology Inc.
With more than 400 battery patents awarded and pending, Valence is a
leader in the commercial production of lithium polymer batteries.The
company operates facilities in Henderson, Nev.; Seattle, Wash.; and
Mallusk, Northern Ireland http://www.valence.com .
The information contained herein includes forward-looking statements
[...]
SOURCEValence Technology, Inc.CO:Valence Technology, Inc.ST: Nevada
IN:CPR SU: 02/28/2000 08:01 EST http://www.prnewswire.com
 ...
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