Alternative Energy Investing "AEI", a Energy-technology and alternative energy institutional equity research firm, announced today that it has initiated coverage of Valence Technology (Nasdaq: VLNC - News).
Valence Technology designs, develops and makes large-format lithium polymer batteries targeting the deep-cycle (read "long run-time") and high-rate (read "high power") markets including HEVs and plug-in electric vehicles and motive power. Founded in 1989 and public in November of '92 (Banc of America Securities), Valance is well positioned to capture share in the newly emerging large-format Lithium-ion market with their Saphion (TM) family of large-format lithium-ion batteries. Freedonia Group estimates the market for large-scale lithium-ion batteries to grow 280% and 638% over the coming three and nine years respectively.
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