Valence Technology Batteries Power Andros Vehicles for Military; DOE's Savannah River National Laboratory Selects Saphion Batteries for Performance Benefits & Communications Features.AUSTIN, Texas -- Savannah River National Laboratory The Savannah River National Laboratory (SRNL) is the applied research and development laboratory at the U.S. Department of Energy’s (DOE) Savannah River Site (SRS). The laboratory applies state-of-the-art science to provide practical, high-value, cost-effective solutions to (SRNL SRNL Savannah River National Laboratory ), a certified U.S. Department of Energy national lab, has adopted Saphion lithium-ion batteries from Valence Technology Inc. (Nasdaq:VLNC) to power a small fleet of Remotec(R) Andros military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces. See also list of armoured fighting vehicles. . Saphion(R) technology is the industry's only commercially available, 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. SRNL is using standard and customized K-Charge(R) Power Systems. Valence's batteries have enabled a five-fold increase in the runtime and range of the Andros Mark V-A V-A abbr. ventriculoatrial 1 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 Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] 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 Savannah River River, eastern Georgia, U.S. Formed by the confluence of the Tugaloo and Seneca rivers at Hartwell Dam, it flows southeast to form the boundary between Georgia and South Carolina. It empties into the Atlantic Ocean at Savannah after a course of 314 mi (505 km). Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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 http://srnl.doe.gov. About Valence Technology Inc. Valence Technology developed and markets Saphion(R) technology, the industry's first commercially available, 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 technology and lithium-ion rechargeable batteries. The company has facilities in Austin, Texas, Henderson, Nevada, and Suzhou and Shanghai, China. Valence is traded on the Nasdaq SmallCap Market under the symbol VLNC and can be found on the internet at www.valence.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The information contained herein includes "forward-looking statements." Valence Technology Inc. cautions readers not to put undue reliance on forward-looking statements. These 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. |
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