electric buses energy storage ups marine founded 1989 headquarters austin texas products lithium ion battery packs revenue us 45.88 million 2010 1 operating income us 36.44 million 2010 net income us 9.4 million 2010 number of employees 433 2 website www.valence.com valence technology inc. develops and manufactures lithium iron phosphate cathode material as well as lithium ion battery modules and packs . the modules come in 12 v 18 v 24 v and 36 v configurations . their modular design allows systems to be created up to 800 vdc and thousands of ampere hours of capacity . valence s products are used in electric vehicle and plug in hybrid electric vehicles phevs such as cars scooters motorbikes and commercial vehicles such as buses delivery vans and trucks . valence batteries are also used in wheelchairs medical carts robotics marine rail as well as stationary applications such as remote power uninterruptible power supply ups energy storage systems frequency regulation and switching gear . contents 1 history 1.1 exports 1.2 recent events 2 see also 3 references 4 external links history edit founded in 1989 as a research and development company by lev dawson 3 valence has its headquarters in austin texas and facilities in las vegas nevada mallusk northern ireland and suzhou china . 4 valence is currently owned by berg and berg enterprises . exports edit the company holds an extensive international patent portfolio of issued and pending lithium phosphate patents . 5 valence manufacturers its cathode material and packs in two wholly owned subsidiaries valence energy tech in suzhou china . companies deploying valence s battery technology include segway pt in their segway personal transporter . 6 7 segway se 3 patroller 8 pvi a french manufacturer developing a range ev platforms exclusively for renault trucks as well as electric buses and other vehicles . 9 evi usa a us based manufacturer developing a range of commercial delivery vehicles fully electric and hybrid including evilighttruck 10 enova systems for the ic bus plug in hybrid school buses 11 optare buses 12 mercedes providing its lithium battery storage systems for the new mercedes evito 13 rubbermaid medical carts 14 recent events edit in 2009 valence has signed development agreements with siemens to develop interfaces for hybrid applications in the marine market 15 and with s & c electric to develop solutions for the stationary energy storage market 16 in 2004 valence was honored as a top 100 innovator by red herring chosen for the high performance safe low cost and environmentally friendly attributes of its energy storage solutions . 17 valence began to focus on europe about two years ago when it realized that automakers there already were launching electric delivery vans and hybrid buses ceo bob kanode said . we were looking for a market where we could sell and we found europe with its incredible designs and very strong government and public support he said . europeans are absolutely dedicated to alternative energy solutions and view this electric vehicles as maybe their last opportunity to make a difference in the automotive sector . among other customers valence this year signed sales deals with smith electric vehicles a uk maker of electric commercial vans and trucks ; pvi a french manufacturer of electric buses and other vehicles ; and oxygen spa an italian company that makes an electric scooter called cargoscooter . companies such as modec a uk based supplier of electric delivery vans and wrightbus a uk wright group subsidiary that makes double decker buses also are testing valence batteries . through these relationships valence is building connections to large automakers such as renault which is a pvi partner ; peugeot which is an oxygen partner ; volvo which is a wrightbus partner ; and ford and isuzu which are smith electric vehicles partners . 18 on july 12 2012 valence technology inc. voluntarily filed for bankruptcy protection under chapter 11 of the united states bankruptcy code in the united states bankruptcy court for the western district of texas . 19 the company listed approximately 31.5 million in assets and over 82 million in liabilities . november 13 2013 valence emerges from bankruptcy as a private company . 20 in 2014 valence entered the marine market by supplying two large battery systems to create a hybrid tug boat . 21 in 2015 valence signs a global supply deal with exide . 22 see also edit a123systems china sun group list of companies based in austin texas lithium iron phosphate lithium iron phosphate battery silicon valley leadership group thermal runaway references edit http finance.yahoo.com q is s vlnc income statement & annual income statement http finance.yahoo.com q pr s vlnc profile profile valence announces retirement of lev dawson . business wire . valence technology incorporated . zibb . dead link extensive and international patent portfolio . valence web site with links to uspto site . avalence and segway develop technology program . advanced battery technology . technology innovations . segway corporate site . segway chooses valence for their newest product . avalence signs battery contract with pvi . sustainable business . aevi cruises into mid america trucking show with first road ready commercial electric vehicle to hit the u.s. market . reuters . hybrid school bus employs phosphate batteries power electronics technology . power electronics . optare shows hybrid and electric buses . green car congress . green stocks central http greenstockscentral.com valence technology vlnc providing lithium batteries for mercedes evito taxis in london 2981.html . missing or empty title help rubbermaid and valence extend supply agreement . hybrid ship ahoy valence to supply siemens . green tech . valence technology signs mou with s & c electric company to develop grid connected energy storage systems . green tech . valence technology signs mou with s & c electric company to develop grid connected energy storage systems . green car congress . will valence s european bet win it a profit . details of valence technology s chapter 11 bankruptcy petition . valence emerges from bankruptcy . battery breakthrough . valence and exide . external links edit video of valence batteries in action valence technology corporate web site video of safety aspects of lithium phosphate technology compared to traditional metal oxide battery technology 1 retrieved from https en.wikipedia.org w index.php title valence technology & oldid 702591419 categories lithium ion batteriesbattery manufacturerselectric vehicle battery manufacturerstechnology companies of the united statescompanies established in 1989companies based in austin texashidden categories all articles with dead external linksarticles with dead external links from march 2010pages with citations lacking titlespages with citations having bare urls navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa olfran ais edit links this page was last modified on 31 january 2016 at 14 45 . text is available under the creative commons attribution sharealike license ; 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