Valence Technology
{{Short description|Company manufacturer of lithium ion battery modules and packs}}
{{Cleanup rewrite|Non-encyclopedic format|article or section|date=November 2021}}
{{Infobox company
| name = Valence Technology, Inc
| logo = Valence Technology (logo).jpg
| logo_size = 150px
| type = Private
| foundation = 1989
| location = Henderson, Nevada
| industry = Electric buses
Energy storage
UPS
Marine
| products = Lithium ion battery packs
| revenue = {{profit}} US$ 45.88 million (2010)https://finance.yahoo.com/q/is?s=VLNC+Income+Statement&annual Income Statement
| operating_income = {{profit}} US$ 36.44 million (2010)
| net_income = {{profit}} US$ 9.4 million (2010)
| num_employees = 433https://finance.yahoo.com/q/pr?s=VLNC+Profile Profile
| key_people =
| homepage =
}}
Valence Technology, Inc. was a company that developed and manufactured lithium iron phosphate cathode material as well as lithium ion battery modules and packs. The modules come in 12 V, 18 V, 24 V, and 36 V configurations. Valence's products are used in electric vehicle and plug-in hybrid electric vehicles (PHEVs) such as cars, scooters, motorbikes, and commercial vehicles such as buses, delivery vans and trucks. Valence batteries are also used in wheelchairs, medical carts, robotics, marine, rail, as well as stationary applications such as remote power, uninterruptible power supply (UPS), energy storage systems, frequency regulation and switching gear.
History
Founded in 1989 as a research and development company by Lev Dawson{{cite web | url = http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_13/ai_85878295 | title = Valence Announces Retirement of Lev Dawson | work = Business Wire}} Valence has its headquarters in Henderson, Nevada, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland, and Suzhou, China.{{cite web|url=http://www.zibb.com/all/theme/cq/Valence+Technology+Incorporated |archive-url=https://web.archive.org/web/20080521113901/http://www.zibb.com/all/theme/cq/Valence%2BTechnology%2BIncorporated |url-status=dead |archive-date=2008-05-21 |title=Valence Technology Incorporated |work=ZIBB }} Valence is currently owned by Lithion Battery Inc.{{cite web |title=Lithion Power Group Acquires Valence |url=https://lithiongroup.com/acquisition-of-the-valence-branded-battery-module-business-from-lithium-werks-b-v/ |access-date=2021-05-06 |archive-date=2021-05-06 |archive-url=https://web.archive.org/web/20210506160242/https://lithiongroup.com/acquisition-of-the-valence-branded-battery-module-business-from-lithium-werks-b-v/ |url-status=dead }}
=Exports=
The company holds an extensive, international patent portfolio of issued and pending lithium phosphate patents.{{cite web | url = http://www.valence-tech.com/technology/patents.php | title = Extensive and International Patent Portfolio | work = Valence Web Site with links to USPTO site}} Valence manufacturers its cathode material and packs in two wholly owned subsidiaries Valence Energy Tech in Suzhou, China.
Companies deploying Valence's battery technology include:
- Segway PT in their Segway Personal Transporter.{{cite magazine | url = http://findarticles.com/p/articles/mi_qa3864/is_200501/ai_n9476848 | title = AValence and Segway Develop Technology Program | magazine = Advanced Battery Technology}}{{cite web | url = http://www.segway.com/personal-transporter/lithium_ion.html | title = Technology Innovations | work = Segway Corporate Site | access-date = 2008-01-25 | archive-url = https://web.archive.org/web/20070812141826/http://www.segway.com/personal-transporter/lithium_ion.html | archive-date = 2007-08-12 | url-status = dead }}
- Segway SE-3 Patroller {{cite web | url = http://worldofenergystorage.com/2014/09/01/valence-batteries-chosen-segways-newest-product/ | title = Segway chooses Valence for their newest product}}
- PVI – A French Manufacturer developing a range EV platforms exclusively for Renault Trucks, as well as electric buses and other vehicles.{{cite web | url = http://www.sustainablebusiness.com/index.cfm/go/news.display/id/17329 | title = AValence Signs Battery Contract With PVI | work = Sustainable Business}}
- EVI-USA – A US-based manufacturer developing a range of commercial delivery vehicles, fully electric and hybrid including EviLightTruck{{cite web | url = https://www.reuters.com/article/pressRelease/idUS119305+17-Mar-2009+BW20090317 | title = AEVI Cruises into Mid-America Trucking Show with First "Road Ready" Commercial Electric Vehicle to Hit the U.S. Market | publisher = Reuters | access-date = 2017-07-03 | archive-date = 2012-09-09 | archive-url = https://archive.today/20120909010618/http://www.reuters.com/article/pressRelease/idUS119305+17-Mar-2009+BW20090317 | url-status = dead }}
- Enova Systems for the IC Bus plug-in hybrid school buses {{cite web | url = http://powerelectronics.com/portable_power_management/valence-technology-batteries-bus/ | title = Hybrid School Bus Employs Phosphate Batteries – Power Electronics Technology | work = Power Electronics}}
- Optare Buses {{cite web | url = http://www.greencarcongress.com/2008/11/optare-shows-hy.html | title = Optare Shows Hybrid and Electric Buses | work = Green Car Congress}}
- Mercedes – providing its lithium battery storage systems for the new Mercedes eVito {{cite web | url = http://greenstockscentral.com/valence-technology-vlnc-providing-lithium-batteries-for-mercedes-evito-taxis-in-london-2981.html | title = Valence Technology (VLNC) Providing Lithium Batteries For Mercedes eVito Taxis In London | date = 6 April 2010 | website = Green Stocks Central}}
- Rubbermaid Medical Carts {{cite web | url = https://www.bloomberg.com/article/2011-11-03/ayaFKiKYICrI.html | title = Rubbermaid and Valence Extend supply agreement| website = Bloomberg News}}
=Recent events=
In 2009 Valence signed development agreements with Siemens to develop interfaces for hybrid applications in the marine market,{{cite web| url = http://news.cnet.com/8301-11128_3-10257003-54.html| title = Hybrid ship ahoy: Valence to supply Siemens| work = Green Tech| access-date = 2009-07-08| archive-date = 2009-07-30| archive-url = https://web.archive.org/web/20090730010222/http://news.cnet.com/8301-11128_3-10257003-54.html| url-status = dead}} and with S&C Electric to develop solutions for the stationary energy storage market {{cite web | url = http://www.greencarcongress.com/2009/06/valence-sc-20090603.html | title = Valence Technology Signs MOU with S&C Electric Company to Develop Grid-Connected Energy Storage Systems| work = Green Tech}}
Valence began to focus on Europe about two years ago, when it realized that automakers there already were launching electric delivery vans and hybrid buses.
Among other customers, Valence this year signed sales deals with Smith Electric Vehicles, a UK maker of electric commercial vans and trucks; PVI, a French manufacturer of electric buses and other vehicles; and Oxygen SpA, an Italian company that makes an electric scooter called Cargoscooter. Companies such as Modec, a UK-based supplier of electric delivery vans, and Wrightbus, a UK Wright Group subsidiary that makes double-decker buses, also are testing Valence batteries. Through these relationships, Valence is building connections to large automakers, such as Renault, which is a PVI partner; Peugeot, which is an Oxygen partner; Volvo, which is a Wrightbus partner; and Ford and Isuzu, which are Smith Electric Vehicles partners.{{cite web | url = http://earth2tech.com/2009/01/02/will-valences-european-bet-win-it-a-profit/ | title = Will Valence's European Bet Win It a Profit? | access-date = 2009-01-03 | archive-date = 2009-01-21 | archive-url = https://web.archive.org/web/20090121071816/http://earth2tech.com/2009/01/02/will-valences-european-bet-win-it-a-profit/ | url-status = dead }}
On July 12, 2012, Valence Technology, Inc. voluntarily filed for bankruptcy protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas.{{cite web | url = http://chapter11cases.com/details-of-valence-technologys-chapter-11-bankruptcy-petition-copy-of-petition-included/ | title = DETAILS OF VALENCE TECHNOLOGY'S CHAPTER 11 BANKRUPTCY PETITION | access-date = 2012-07-13 | archive-date = 2013-01-19 | archive-url = https://archive.today/20130119061436/http://chapter11cases.com/details-of-valence-technologys-chapter-11-bankruptcy-petition-copy-of-petition-included/ | url-status = dead }} The company listed approximately $31.5 million in assets and over $82 million in liabilities.
November 13, 2013, Valence emerged from bankruptcy as a private company.{{cite web | url = http://www.mystatesman.com/news/business/austin-based-valence-technology-emerges-from-bankr/nbsMN/ | title = Valence Emerges from Bankruptcy | access-date = 2015-05-13 | archive-date = 2015-05-14 | archive-url = https://web.archive.org/web/20150514124036/http://www.mystatesman.com/news/business/austin-based-valence-technology-emerges-from-bankr/nbsMN/ | url-status = dead }}
In 2014, Valence entered the marine market by supplying two large battery systems to create a hybrid tug boat.{{cite web| url = http://viewer.zmags.com/publication/28dd3163#/28dd3163/104/ |title = Battery Breakthrough}}
In 2015, Valence signed a global supply deal with Exide.{{cite web | url = http://www.ireachcontent.com/news-releases/valence-and-exide-sign-global-supply-deal-497222061.html/ | title = Valence and Exide | access-date = 2015-05-13 | archive-url = https://web.archive.org/web/20150514042054/http://www.ireachcontent.com/news-releases/valence-and-exide-sign-global-supply-deal-497222061.html | archive-date = 2015-05-14 | url-status = dead }}
In 2018, Lithium Werks acquired Valence.{{cite web |title=Lithium Werks Acquires Valence Technology, Inc. |date=2018-02-07 |publisher=lithiumwerks |url=https://lithiumwerks.com/lithium-werks-acquires-valence-technology-inc/ |access-date=2023-03-15}}
In 2020, Lithium Werks sold the Valence battery module business to Lithion.{{cite web |date=2020-12-21 |title=Lithion Battery Announces the Acquisition of the Valence Branded Battery Module Business from Lithium Werks B.V. |publisher=lithionbattery.com |url=https://www.lithionbattery.com/news/acquisition-of-the-valence-branded-battery-module-business-from-lithium-werks-b-v/ |access-date=2023-03-15}}
See also
References
{{Reflist|30em}}
External links
- [http://www.relevantminded.com/relevant_mindedcom/2008/10/video-of-smith.html Video of Valence Batteries in Action!] {{Webarchive|url=https://web.archive.org/web/20081211045311/http://www.relevantminded.com/relevant_mindedcom/2008/10/video-of-smith.html |date=2008-12-11 }}
- [http://www.lithionbattery.com/ Valence Technology] Corporate web-site
- [https://web.archive.org/web/20080414212317/http://www.valence.com/technology/safety_video.html Video of safety aspects of lithium phosphate technology compared to traditional metal-oxide battery technology]
- [https://web.archive.org/web/20090620134700/http://www.china-sun.cn/elinkus.asp]
Category:Lithium-ion batteries
Category:Battery manufacturers
Category:Electric vehicle battery manufacturers
Category:Defunct electronics companies of the United States