AVESTOR and Valere Announce Marketing Agreement

March 03, 2003 by Jeff Shepard

AVESTOR (Montreal, Quebec, Canada) and Valere Power (Richardson, TX) announced an agreement to co-market joint battery and dc power technology in telecommunications applications. As part of the agreement, the companies will also jointly develop new products and technologies to better integrate their respective products.

Under the terms of the non-exclusive agreement, AVESTOR and Valere will co-market each other’s products as a combined system through their sales forces and reseller channel. The AVESTOR SE 48S70 lithium-metal-polymer battery is equipped with an integrated control and monitoring system that provides information that can improve the reliability of telecom systems. It is designed to provide backup power for telecommunications equipment.

The Valere compact dc power system, based on a patented power conversion technology that provides up to 250A of dc power and dissipates 35 percent less heat, is used to convert ac power to dc and distribute it to telecommunications equipment. It is equipped with advanced control and monitoring features that provide real-time status and configuration information to a network management application. The combination of intelligence features will provide a single point of management and reduce the total operating cost of the system.

In other news, Valere Power announced that it has closed its third round of venture capital financing, raising $11 million to fund sales growth and new product development. This round of venture capital brings Valere’s total financing to $27.5 million and provides the company with enough capital to fund operations for three years at its current level of spending.