Tyco and Valence Sign Lithium Battery Agreement

November 19, 2002 by Jeff Shepard

Tyco Electronics Power Systems Inc. (Dallas, TX) and Valence Technology Inc. (Austin, TX) announced that they have signed a technology evaluation-phase agreement to work together to evaluate and develop Valence’s Saphion lithium-ion battery technology as a standby power solution for the telecommunications industry. The agreement includes the testing, qualification and market development of the Saphion technology, and prototypes of the backup devices are expected to launch early next year.

"Tyco Electronics is clearly a leader in the design, development and commercialization of turnkey power systems that satisfy the demanding energy storage and reliability requirements of today’s telecommunications market," said Valence Chairman and CEO Stephan Godevais. "Working together, we hope to achieve our mutual goal of delivering a safe, environmentally friendly and affordable backup power solution for telecommunications."