Grid Scale, Storage

Advanced Batteries Sold for Transport

December 16, 2002 [] Valence Technology Inc., a company in the development and commercialization of Saphion technology and Lithium-ion polymer rechargeable batteries, announced it has received a purchase order for Saphion batteries from Electric Vehicles International, a manufacturer of electric delivery trucks and shuttle buses. The Saphion batteries will be field tested for use in electric vehicles.