Frost & Sullivan Names Valence Entrepreneurial Company of the Year.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--May 20, 2004 Valence Valence, city, France Valence (väläNs`), city (1990 pop. 65,026), capital of Drôme dept., SE France, in Dauphiné, on the Rhône River. Technology Inc. (Nasdaq:VLNC), a leader in the development and commercialization of Saphion(R) technology, the only safe large format Lithium-ion rechargeable battery A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. technology, today announced that is has been named the 2004 Power Supplies & Batteries Entrepreneurial Company of the Year by Frost & Sullivan. Valence was awarded for its excellence in developing and marketing safer Lithium-ion battery Lithium-ion batteries (sometimes abbreviated Li-ion batteries) are a type of rechargeable battery commonly used in consumer electronics. They are currently one of the most popular types of battery for portable electronics, with one of the best energy-to-weight ratios, no cells for consumer and industrial applications. Valence is the first company in the industry to commercialize a phosphate phosphate, salt or ester of phosphoric acid, H3PO4. Because phosphoric acid is tribasic (having three replaceable hydrogen atoms), it forms monophosphate, diphosphate, and triphosphate salts in which one, two, or three of the hydrogens of the battery chemistry. The safety features of Saphion Lithium-ion technology enable the creation of both small and large format energy storage systems. As a result, Valence is addressing markets not previously served by Lithium-ion technology such as utility, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and motive power. "By successfully transitioning from an R&D company and commercializing its new Saphion Lithium-ion technology, Valence has demonstrated superior entrepreneurial ability," stated Sara Bradford of Frost & Sullivan. "This award signifies Valence's identification of a unique and revolutionary product solution with significant market potential." "We are delighted to have Valence recognized as an innovative and entrepreneurial company," stated Stephan Godevais, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Valence. "Receiving this award from such a well respected firm as Frost & Sullivan is an honor." The Frost & Sullivan Award A Sullivan Award may refer to:
About Valence Technology Inc. Valence is a leader in the development and commercialization of Saphion(R) technology, the only safe large format Lithium-ion rechargeable battery technology. Valence holds an extensive, worldwide portfolio of issued and pending patents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc its Saphion(R) technology and Lithium-ion rechargeable batteries. The company has facilities in Austin, Texas, Henderson, Nev. and Mallusk, Northern Ireland Northern Ireland: see Ireland, Northern. Northern Ireland Part of the United Kingdom of Great Britain and Northern Ireland occupying the northeastern portion of the island of Ireland. Area: 5,461 sq mi (14,144 sq km). Population (2001): 1,685,267. . Valence is traded on the NASDAQ SmallCap Market under the symbol VLNC and can be found on the Internet at www.valence.com. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The information contained herein includes "forward-looking statements." The company cautions readers not to put undue reliance on forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those described herein, for the reasons, among others, discussed in our reports filed with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion