Valence Technology Inc. (Austin, TX) announced details of its new business strategy that is designed to transition the business from a research-and-development-oriented company to an operational company with a stronger sales and marketing focus.
The company's strategy includes the introduction of its "next-generation" phosphate technology, a balanced licensing and system sales approach, a manufacturing plan that leverages internal capabilities as well as OEM relationships, and performance guidance and milestones reflective of this transition.
Stephan B. Godevais, Valence's president and CEO, said, "Today represents a significant milestone for Valence and a major turning point for the battery industry overall. With our new business strategy complete, we now have a superior technology in hand, a significantly broadened market opportunity ahead of us, and defined steps to capture that opportunity."
