Valence to Transfer Manufacturing Operations to China

August 13, 2003 by Jeff Shepard

Valence Technology Inc. (Austin, TX), a leader in the development and commercialization of Saphion™ technology and lithium-ion polymer rechargeable batteries, announced its plan to transfer manufacturing operations from its Northern Ireland facility to China.

The transfer is expected to take place over the next three months. The company will maintain a presence in Northern Ireland to support its contract manufacturing partnership with ATL, which has begun production of Saphion™ cells for use in the N-Charge™ Power System and Valence's joint venture company, Baoding Fengfan-Valence Battery Company Ltd., which was formed in July. The team in Northern Ireland also will manage European sales and marketing activities.