Valence Technology, Inc. (Valence) develops, manufactures and sells high-energy power systems utilizing its phosphate-based, lithium-ion technology for diverse applications, with emphasis on portable appliances and future generations of hybrid and electric vehicles. In November 2007, the Company introduced Epoch, its third generation of Lithium Phosphate Energy Storage Systems. Epoch features its lithium phosphate technology, which utilizes a phosphate-based cathode material. Epoch lithium phosphate energy storage systems address the safety and limited life weaknesses of other lithium technologies. In February 2008, Valence entered into a supply agreement with The Tanfield Group, whereby it agreed to manufacture and supply Lithium Phosphate Energy Storage Systems to power zero emission, all-electric commercial delivery vehicles.
(Source: 10-K)
