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To: P. Ramamoorthy who wrote (27285)2/16/2012 8:54:19 AM
From: da_cheif™
   of 27311
 
at least v doesnt have the problems of a123.....over supply ...over everything.....burning thru cash like mad....CEB is on a slow calculated and very intelligent move of bring vlnc to success. If this was easy.....everybody could do it.....

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To: da_cheif™ who wrote (27286)2/25/2012 7:36:01 PM
From: larryjoe
   of 27311
 
"2012 Planned Launch of Next Generation High Power Custom Systems"

files.shareholder.com

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To: P. Ramamoorthy who wrote (27285)2/29/2012 7:20:03 PM
From: jean1057
4 Recommendations   of 27311
 
after 20 years VLNC ..the pipe dream still goes on?? is Berg still paying the bills..?? rather not looking at the balance sheet...is da-cheif still kicking the VLNC can down the street ?? guess this will be a deleted opinion anyhow...greetings to da cheif... :) anyhow...

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To: jean1057 who wrote (27288)3/9/2012 10:31:26 PM
From: da_cheif™
1 Recommendation   of 27311
 
STILL the pissant after all these years eh swissee?...lolol

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From: da_cheif™3/9/2012 10:31:54 PM
1 Recommendation   of 27311
 
whitehouse.gov


"Accelerating deployment of alternative-fuel trucks: The President is proposing a new tax incentive for commercial trucks that provides a credit for 50% of the incremental cost of a dedicated alternative-fuel truck, including trucks powered by natural gas or electricity, for a five-year period. This incentive – paired with support through programs like the Energy Department’s National Clean Fleets Partnership, which provides technical assistance to large company fleets interested in moving toward vehicles that rely on little or no oil – will not only drive down domestic demand for oil, but also drive up demand for the sorts of vehicles built at Freightliner’s Mt. Holly Plant and, in turn, spur job creation in the American manufacturing sector."

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To: da_cheif™ who wrote (27290)3/26/2012 3:12:15 PM
From: Kirk ©
   of 27311
 
A123 Replacing Batteries That Led to Fisker Karma Shutdown

businessweek.com


A123 Systems Inc. (AONE) said it’s replacing defective battery packs and modules it supplies to customers, including Fisker Automotive Inc., and that the flaw caused a Fisker Karma to shut down in a Consumer Reports test.

A123 has started building replacement modules and expects to begin shipping them to customers this week, the company said in a statement. Replacing the batteries and systems shipped globally from A123’s plant in Livonia, Michigan, will cost about $55 million and will be funded during the next several quarters, the company estimated.

Five customers are potentially affected by the defects, David Vieau, the company’s chief executive officer, told reporters today in a conference call. The root cause of a $107,000 Fisker Karma model shutting down in tests this month by Consumer Reports is associated with A123’s defective batteries, Vieau said, without naming other customers.

“While the initial rapid ramp-up of our Michigan operations to satisfy customer demand has resulted in near-term operational challenges, we are confident in our ability to overcome these issues,” he said on the call.

A123 expects that the cost of replacing the battery systems will “require us to adjust our fundraising strategy,” Vieau said, without elaborating. The company will provide an updated outlook during its next quarterly earnings call, he said.

A123 fell 11 percent to $1.51 at 11:24 a.m. New York time after earlier touching $1.48, its the lowest intraday price since its initial public offering in September 2009.

Fisker Tests Fisker’s plug-in luxury car that Consumer Reports purchased for evaluation shut down after only 180 miles (290 kilometers), the Yonkers, New York-based magazine said March 8.

Fisker will update its “VIP Customer Care Coverage” to include a free battery replacement for affected Karma owners, the Anaheim, California-based company said today in a statement. The program also will extend warranties for customers in North America by 10 months and 10,000 miles, to 60 months and 60,000 miles.

A123 is a Fisker shareholder. The carmaker in December recalled 239 Karmas to fix a hose clamp in the A123 battery pack at risk of leaking coolant, which it said could potentially cause a fire.

The cause of the defects described today was faulty calibration of one of four welding machines in the Michigan plant that caused misalignment of a component in some cells, Vieau said today. The flaw could cause an electrical short, which could result in premature failure of the battery or decrease performance and reduce battery life, he said.

‘Effectively Contaminated’ While the rate of total cells welded by the faulty machine is “a fraction” of the product A123 made in the Michigan plant, the probability is “very high” that a module or pack contains a defect because of the number of cells that go into them, Vieau said.

“We feel that virtually all the product that we produce in this facility has been effectively contaminated by this particular defect,” he said.

Fisker said this month it established a team of more than 50 engineers to address quality issues with the Karma. That group traced the cause of the shutdown of the car owned by Consumer Reports to the A123 battery pack, Fisker said in its statement today. Both companies established teams “to find the actual root cause,” the carmaker said.

The cylindrical cells A123 makes in China that are used by Bayerische Motoren Werke AG (BMW) and other customers are not affected by the defect, Vieau said. A123 also supplies batteries for General Motors Co. (GM) and Daimler AG.

To contact the reporters on this story: Craig Trudell in Southfield, Michigan at ctrudell1@bloomberg.net; Alan Ohnsman in Los Angeles at aohnsman@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net

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To: da_cheif™ who wrote (27290)5/10/2012 1:57:21 PM
From: Kirk ©
   of 27311
 
Teardown reveals Chevy Volt's electronic secrets
Beyond battery chemistry and electric propulsion and control, the Chevy Volt enhanced-range electric vehicle builds in flexibility, ruggedness, and diagnostics--with attention to quality construction.

http://www.edn.com/article/521722-Teardown_reveals_Chevy_Volt_s_electronic_secrets.php

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From: da_cheif™6/23/2012 11:12:50 PM
   of 27311
 
inordinate insider and mm accumulations and short covering was accomodated on friday in vlnc.......9 million shares traded suggests that a major move up is about to begin.....all imho

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From: Woody7/12/2012 10:01:30 AM
1 Recommendation   of 27311
 
09:53 EDTVLNC
theflyonthewall.com: Valence Technology files voluntary chapter 11 business reorganization

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To: Woody who wrote (27294)7/12/2012 10:04:12 AM
From: Kirk ©
   of 27311
 
finance.yahoo.com

Valence Technology Files Voluntary Chapter 11 Business Reorganization Press Release: Valence Technology, Inc. – 5 minutes ago

Flow of Goods and Services to Customers to Continue Globally in Ordinary Course

Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subjectto Court Supervision

Company Negotiating Debtor-in-Possession Financing

AUSTIN, Texas, July 12, 2012 (GLOBE NEWSWIRE) -- Valence Technology, Inc. (the "Company") announced today that it filed a voluntary petition for a chapter 11 business reorganization in the U.S. Bankruptcy Court for the Western District of Texas.

The business reorganization is intended to bolster the Company's liquidity in the U.S. and abroad and enable the Company to focus on its core lithium phosphate markets. Valence is currently negotiating a debtor-in-possession credit facility and expects to announce the facility shortly. Once in place, this facility will be used to enhance liquidity and working capital and will be subject to Court approval and other conditions. With a credit facility, the Company believes that it will have sufficient liquidity to operate its business during chapter 11, and to continue the flow of goods and services to its customers in the ordinary course.

The Company expects to pay employee wages and benefits and continue customer programs. Subsidiaries outside of the U.S. are not subject to the bankruptcy proceedings and are expected to continue to operate in the ordinary course of business. Valence plans to honor all post-petition obligations to suppliers in the ordinary course.

"After careful consideration of the implications of chapter 11 and weighing them against a lack of attractive alternatives, the Board of Directors and the senior management team believe that this is a necessary step and the right thing to do for the future of Valence," said Robert L. Kanode, Valence's president and chief executive officer. "Our goal is to continue to operate and meet customer requirements as we work through the chapter 11 process as quickly as possible. We are fully committed to working with our valued customers."

Valence expects to complete its restructuring during 2012. The Company is being advised by Streusand, Landon & Ozburn, LLP with respect to bankruptcy matters.

The Valence Technology, Inc. logo is available at globenewswire.com

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among other things, our statements regarding that the flow of goods and services to customers will continue, the business reorganization bolstering the Company's liquidity in the U.S. and abroad and enabling the Company to focus on its core lithium phosphate markets, expecting to announce a debtor-in-possession credit facility shortly, the facility being used to enhance liquidity and working capital, believing that it will have sufficient liquidity to operate its business during chapter 11, and to continue the flow of goods and services to customers in the ordinary course, expecting to pay employee wages and benefits and continue customer programs, subsidiaries outside of the U.S. are expected to continue to operate in the ordinary course of business, plans to honor all post-petition obligations to suppliers in the ordinary course, chapter 11 being a necessary step and the right thing to do for the future of Valence, goal is to continue to operate and meet customer requirements and work through the chapter 11 process as quickly as possible and expecting to complete the restructuring during 2012. Our actual results could vary substantially from these forward-looking statements as a result of a variety of factors including: our ability to obtain the debtor in possession credit facility and the terms and amount of any such facility; the impact of the chapter 11 filing on our relationships with customers, vendors, employees and creditors; the outcome of the chapter 11 process including the court rulings and discussions with creditors; our ability to compete effectively in the marketplace; the overall demand for batteries to power electric vehicles, and the demand for our lithium-ion batteries and lithium phosphate battery technology; the rate of new and existing customer acceptance and sales of our current and future products; our ability to form effective arrangements with OEMs to commercialize our products; product or quality defects; the level of direct costs and our ability to grow revenues to a level necessary to achieve profitable operating margins to achieve break-even cash flow; our dependence on sole or a limited number of suppliers for key raw materials and components, and the ability of our vendors to provide conforming materials for our products on a timely basis; the level of our selling, general, and administrative costs; international business risks, particularly the many risks inherent in doing business in China; the effects of competition; and the outcome of any current or future litigation regarding intellectual property, creditors or other matters and general economic conditions. These and other risk factors that could affect our actual results are discussed in our periodic reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31 and subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities Exchange Commission. The reader is directed to these statements for a further discussion of important factors that could cause our actual results to differ materially from those in our forward-looking statements. We disclaim any intent or obligation to update these forward-looking statements.


Contact:
Bob Gray
Valence Technology, Inc.
512.527.2921
investor@valence.com

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