Valence Technology Inc. and Tianjin Lishen Battery Joint Stock Co., Ltd. (Lishen) announced that they have agreed to a technology and licensing agreement promoting the worldwide supply of "Valence Proven" Lithium Phosphate Cells and Intelligent Lithium Phosphate Packs.
Under the terms of this agreement, Valence will supply "Valence Certified" Lithium Phosphate Cathode Material to Lishen. In return, Lishen will supply "Valence Proven" Lithium Phosphate Cells to Valence to be assembled into Valence Intelligent Packs and will sell "Valence Proven" cells to selected Lishen customers.
"Combining Valence’s safe Lithium Phosphate Cathode Materials and Packs with Lishen’s Reliable Cell will offer worldwide customers superior lithium phosphate battery solutions," said Ricky Hanna, Vice President of Worldwide Operations for Valence Technology.
"The signing of this agreement signifies a stable and growing relationship between Valence and Lishen that will promote Valence lithium phosphate materials, packs and Lishen cells as an emerging standard in safe, high performance, rechargeable energy storage solutions," said Rui Liang, Vice President of Lishen Strategy and Marketing.
