Business Description
Valence Technology, Inc. was founded in 1989 and incorporated in the State of Delaware. The Company develops, manufactures and sells energy storage systems utilizing its proprietary phosphate-based lithium-ion technology. The Company is engaged in the development of patented lithium iron magnesium phosphate advanced energy storage systems. It has redefined lithium battery technology and performance by marketing the industry's first safe, reliable and rechargeable lithium iron magnesium phosphate battery for diverse applications, with special emphasis on motive, back-up power, industrial/medical, and marine markets. Its main products include: The U-Charge Energy Storage System, Custom Energy Storage Systems. Its U-Charge Energy Storage System is a family of products based on Valence's proprietary Lithium Iron Magnesium Phosphate technology and is designed to be a direct replacement for standard-sized lead-acid energy storage systems. These 12, 19 and 36 volt energy storage systems offer twice the run-time and half the weight of lead-acid systems, expanded calendar life and greater cycle life with deep depth of discharge, resulting in significantly lower total cost of ownership. U-Charge Energy Storage Systems are used in a variety of applications such as Segway personal transporters, hybrid and full electric commercial vehicles, electric scooters, medical devices, marine and other applications. The Company's U-Charge Energy Storage Systems are designed to offer performance advantages that include common communication protocol, programmable logic, advanced cell balancing and improved fuel gauge reporting. Through partnerships with customers such as Segway, Rubbermaid Medical Solutions and Wrightbus, among others, it has been a leader in developing lithium phosphate energy storage systems. These systems, designed in tandem with the engineering and product design teams of its customers, offer unique, dynamic solutions to the individual needs of its customers product requirements. From the Segway personal transporter energy pack, to the Wrightbus advanced hybrid energy storage system, it has been able to manufacture its lithium phosphate technology and BMS control systems to fit within the specific and challenging form and function requirements of its customers, yielding exceptional power storage and delivery results. This performance is in conjunction with efficient system monitoring, management and reporting functions delivered by its customizable BMS system. The Company is a diverse, vertically aligned company. From its patented cathode materials to its standard family of scalable U-Charge systems and customs systems designed for specific applications, it offers commercially proven solutions with worldwide application and engineering services to serve its customers. For many applications its scalable U-Charge systems, complete with programmable Battery Management Systems ('BMS'), are the logical choice to avoid the expense and long
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