Ft. Lauderdale, FL 5/27/2010 10:00 PM GMT (TransWorldNews)
Valence Technology (NASDAQ:VLNC) has announced that it will released the financial results for the fourth quarter of fiscal 2010 on June 14, 2010. The release will be followed by a conference call at 3:30 pm CDT that afternoon to review the results. The call will be broadcasted live via webcast on the company’s website, www.valence.com, on the Events & Presentations page of the Investor Relations section. Listeners are encouraged to log on fifteen minutes early to allow ample time to register and download and install audio software if necessary. The webcast will remain on the site for instant replay following the conclusion of the presentation.
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Valence Technology, Inc. (Valence) is engaged in developing, manufacturing and selling high-energy power systems utilizing the phosphate-based lithium-ion technology. In March 2009, the Company introduced a new revision of U-Charge, the third generation of Lithium Iron Magnesium Phosphate Energy Storage Systems. U-Charge features the lithium phosphate technology, which utilizes a phosphate-based cathode material. U-Charge lithium phosphate energy storage systems address the safety and limited life weaknesses of other lithium technologies. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company discontinued the manufacturing and marketing of Epoch line of commercial products. In February 2008, the Company entered into a supply agreement with The Tanfield Group whereby it agreed to manufacture and supply Lithium Phosphate Energy Storage Systems to power zero emission, all-electric commercial delivery vehicles.
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