Valence Tech signs licensing agreement with Tianjin Lishen Battery Stock Co.

VLNC and Tianjin Lishen Battery Joint Stock Co. have agreed to a technology and licensing agreement promoting the worldwide supply of high performance "Valence Proven" Lithium Phosphate Cells and Intelligent Lithium Phosphate Packs. Under the terms of this agreement, Valence Technology will supply "Valence Certified" Lithium Phosphate Cathode Material to Lishen. In return, Lishen will supply "Valence Proven" Lithium Phosphate Cells to Valence to be assembled into Valence Intelligent Packs and will sell "Valence Proven" cells to selected Lishen customers.