DALLAS, April 9, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Valence Technology Inc. (Nasdaq:VLNC). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/VLNC
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Valence Technology Inc. (VLNC) is engaged in developing, manufacturing and selling high-energy power systems utilizing the phosphate-based lithium-ion technology. In March 2009, the Company introduced a new revision of U-Charge, the third generation of Lithium Iron Magnesium Phosphate Energy Storage Systems. U-Charge features the lithium phosphate technology, which utilizes a phosphate-based cathode material. U-Charge lithium phosphate energy storage systems address the safety and limited life weaknesses of other lithium technologies.
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In the report, the analyst notes:
"Revenues for the third quarter declined by $0.6 million mainly due to lower sales to Segway Inc. and Oxygen S.p.A, partially offset by increased sales to Smith Electric Vehicles U.S. and Howard Medical Solutions. The increase in gross margin to 12% in the recent quarter from 5% is mainly due to a shift in sales to higher gross margin products.
"VLNC recently announced it has been selected as the preferred residential/community battery technology provider for the 'Smart Grid Community of the Future,' the first smart grid solar powered residential development in Texas, the Houston-area master planned community of Discovery at Spring Trails. Utilizing its lithium phosphate battery design, including intelligent Command & Control logic, the Company will supply dynamic energy systems for the individual smart grid residences containing electric vehicle charging stations and smart appliances."
To read the entire report visit: http://www.beaconequity.com/i/VLNC
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