Key Developments For Valence Technology, Inc.
Valence Technology, Inc. (VLNC.O) (Consolidated Issue listed on NASDAQ Capital Market)
Valence Technology, Inc. Issues Q3 2010 Revenue Outlook Below Analysts' Estimates-Conference Call
Valence Technology, Inc. announced that for the third quarter of 2010, it expects revenue of $3-$4 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $6 million for the same period.
Valence Technology, Inc. And Electric Vehicles International Reach Exclusivity Agreement
Valence Technology, Inc. announced that it has reached an exclusive supply agreement with an electric vehicle manufacturer Electric Vehicles International.
Valence Technology, Inc. and Tennant Company Sign Supply Agreement for Lithium Phosphate Energy Storage Solutions
Valence Technology, Inc. announced a two-year supply agreement with Tennant Company. Valence Technology will provide lithium phosphate batteries for installation in Tennant`s newest compact floor scrubber. National testing of the new lithium phosphate powered scrubber will commence in November 2009 with full production scheduled for early 2010. Under terms of the supply agreement, the new Tennant compact floor scrubbers will be powered by the Valence Technology U-Charge XP line of energy storage solutions, which are complemented by Valence`s custom Battery Management System (BMS) to monitor battery health and performance.
Valence Technology, Inc. Receives Equity Commitment Investment Fund To Purchase Up To 16.9 Million Shares Over Next 12 Months
Valence Technology, Inc. announced that it has entered into a common stock purchase agreement with Seaside 88, L.P. (Seaside), a private investment limited partnership. Under the terms of the Agreement, Seaside has committed to purchase up to 16.9 million Valence common shares, in a series of closings every two weeks in the amount of 650,000 shares each for a total of up to 26 purchases. Valence and Seaside expect to close the first sale of 650,000 shares for gross proceeds of $947,770.
Valence Technology, Inc. Issues Q2 2010 Revenue Guidance-Conference Call
Valence Technology, Inc. announced that for second quarter of 2010, it expects revenue of $3-$4 million.
