Valence Technology Appoints Robert L. Kanode as CEO and President

March 13, 2007 by Jeff Shepard

Valence Technology Inc. announced the appointment of Robert L. Kanode as Chief Executive Officer and President. An industry veteran, Kanode has a successful track record in worldwide operations and quality at IBM followed by international sales, marketing and product commercialization.

Kanode succeeds Dr. James Akridge, who led the company through a transition period wherein the company successfully transitioned its base powder technology to commercial scale and began mass production of battery packs in China. Kanode also will assume Akridge’s position on Valence Technology’s Board of Directors.

"Jim’s technical expertise was a great asset to Valence," said Carl E. Berg, Chairman and principal stockholder of Valence Technology Inc. "His extensive technical experience was of tremendous benefit in resolving issues with the scale up of the company’s powder technology that has plagued Valence for years. We wish Jim all the best as he moves on to pursue personal endeavors."

Berg added, "Bob’s years of worldwide experience as program manager for the IBM Think Pad gives him the operating knowledge and quality background to lead Valence in the U. S. and international markets. Since leaving IBM, Bob has honed his management and sales skills as president of Varta Batteries North America and as a senior partner of the Sales & Performance Group concentrating on product commercialization, sales, and marketing. Recently, Bob has been a special consultant to me, as chairman of Valence, working on developing product and large account opportunities. His working knowledge of Valence will ensure a smooth transition."

Kanode brings over 12 years of experience in the battery industry to Valence. Prior to becoming a special consultant to Valence, he served as a senior partner for The Sales & Performance Group, a consulting group based in New York. He worked with key Fortune 500 customers to commercialize their products and services, to develop manufacturing, marketing, sales and service functions, and to identify and develop global niche retail and OEM markets. Prior to his tenure there, Kanode served as president of OptiTec LLC and other companies where he guided the company through the product and service commercialization process, the development of manufacturing and marketing/sales functions, the identification of niche retail and OEM markets, and the securing of financial support for public and private companies.