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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
VLNCQ 0.040.0%Mar 6 8:10 PM EDTNews

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To: MoMoney who wrote (26390)9/7/2005 10:48:25 AM
From: P. RamamoorthyRead Replies (1) of 27311
 
Valence Technology Batteries Power Andros Vehicles for Military
Wednesday September 7, 8:45 am ET
DOE's Savannah River National Laboratory Selects Saphion Batteries for Performance Benefits & Communications Features

AUSTIN, Texas--(BUSINESS WIRE)--Sept. 7, 2005--Savannah River National Laboratory (SRNL), a certified U.S. Department of Energy national lab, has adopted Saphion lithium-ion batteries from Valence Technology Inc. (Nasdaq:VLNC - News) to power a small fleet of Remotec® Andros military vehicles. Saphion® technology is the industry's only commercially available, safe, large-format lithium-ion rechargeable battery technology.
SRNL is using standard and customized K-Charge® Power Systems. Valence's batteries have enabled a five-fold increase in the runtime and range of the Andros Mark V-A1 robot, which normally uses lead-acid batteries. In addition, the built-in communications capabilities of the K-Charge Power Systems enable Andros operators to monitor the temperature, voltage and state-of-charge of the batteries. This is critical, especially as travel distances may change during the course of a mission and operators need current data on the vehicle's range capability.
"Savannah River National Laboratory is a leading lab with the ability to turn advanced science into practical technology solutions. With their Andros project, they are proving the benefits of using phosphate lithium-ion batteries in rugged environments, such as those encountered by military vehicles," said Dr. James Akridge, president and chief executive officer of Valence Technology Inc. "SRNL selected our Saphion batteries for a number of reasons, including exceptional energy density, built-in communications capabilities and form-factor. These features were key in helping SRNL to achieve their design goals efficiently and cost-effectively."
The advantages of traditional lithium-ion coupled with the safety features of phosphates, make Saphion batteries optimal for a wide variety of motive applications. The phosphate cathode material in Saphion technology is fundamentally safer and more environmentally friendly than metal-oxide cathode materials. And, when compared to older battery technologies, such as lead-acid, Valence's batteries offer the best combination of performance, safety, cost, and reliability characteristics.
About Savannah River National Laboratory
The Savannah River National Laboratory (SRNL) is recognized as a world-class center of excellence for the development and application of unique and innovative science and technology solutions. The Westinghouse Savannah River Company, a wholly owned subsidiary of Washington Group International, operates SRNL for the U.S. Department of Energy. SRNL employs more than 750 individuals including chemists, material scientists, mechanical, metallurgical, nuclear, electrical and chemical engineers and can be found on the internet at srnl.doe.gov.

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Today's news opens a new market for K Charge. K Charge was targeted at Telco and power utility companies for the backup power applications. Although it took much time for the NEBS certification and field-testing for Telcos, no sales materialized from this effort.

A new market and new customer(s)!

K Charge joins the rest of the products, meeting company's goals of seeking lead-acid and NiMH replacement markets.
N Charge - Health and Educational sectors
U Charge - Segway, Graham-Field, etc.
18650 cells - appliance/tools market

Ram
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