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Valence Rides into Batteries 2008 with Positive Momentum in the European Motive Market

This week at the 10th Annual Batteries 2008 conference in Nice, France, Valence Technology, Inc, will showcase its safe lithium phosphate energy storage solutions as the company continues to see growth within Europe's expanding motive market. As a silver sponsor of Batteries 2008, members of the Valence team will be on hand including a presentation by Yazid Saidi, Director of Material Research, about the next generation of phosphate-based materials and the role they will play in hybrid electric vehicles (HEVs), plug-in electric vehicles (PHEVs) and other applications.

Valence's leadership at Batteries 2008 follows a recent announcement that it has expanded its relationship with Oxygen SpA, a leading Italian electric scooter manufacturer, to supply lithium phosphate battery systems to power Oxygen's all-electric Cargoscooter.

"Batteries 2008 is coming at a very exciting time for Valence as we are seeing increased interest and activity within the European motive and commercial vehicle market for our innovative lithium phosphate energy storage solutions," said Alastair Johnston, Vice President of Worldwide Sales & Marketing. "Recent announcements with companies such as Oxygen demonstrate not only the broad applications for our technology, but also that more and more companies understand the inherent advantages of the lithium phosphate chemistry over traditional battery technologies."

Valence's lithium phosphate energy storage solutions easily out-perform lead-acid batteries with the best energy-to-weight ratios and is inherently safe with virtually no emissions. When compared to traditional battery technologies, Valence's energy storage solutions offer the best combination of performance, safety, cost and reliability.

Batteries 2008 will also mark another significant milestone for Valence as the company launches its new brand identity. In addition to new logo design for the company, Valence recently unveiled a redesigned and enhanced web site. The site is designed for customers and partners to have easy access to Valence's products, to serve as a resource on lithium phosphate and to highlight the company's growing market opportunities.

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