Comments on: Will Valence's European Bet Win It a Profit?

By: Advill

Advill — Mon, 19 Jan 2009 13:02:42 +0000

Mr. Lawson;

What is your idea of the future of Valence? if they don´t get a BIG contract in this times ( I mean big BMW, Ford, GM etc.) if not now...when?, I´am a 3 years investor (losing 65% of value in my position).

Why they are not selling? in my opinion they have almost 400 patents and ONLY in patents rights to other manufacturers they should de earning millions.

There is no lack of money Mr. Berg is a Forbes 400 list member perhaps he is angry but money will appears. Regards.

By: Paul

Paul — Sun, 04 Jan 2009 09:03:50 +0000

Why has this article included the now tired 'range anxiety' debate?

Range is easily solved, increase batteries capacity. The Tesla has an EPA certified range of 240 miles, that's enough to last your average driver a week between charges despite the fact most cars spend over 80% of the time parked and potentially being 'charged'.

By: tmselbor

tmselbor — Sat, 03 Jan 2009 03:08:51 +0000

it's really nice to know that there are people/companies that works hard for the betterment of our planet. it is refreshing to know that there are people who really cares not just for the sake of profit.

I am looking forward for vanadium batteries.

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By: Dev Lawson

Dev Lawson — Fri, 02 Jan 2009 21:05:23 +0000

Interesting attempt to rewrite history.

First of all, VLNC has not been working to bring phosphate batteries to the vehicle market since 1989. Back then, it was trying (and failing) to bring different batteries to market for cellphones and laptops. They didn't even have a phosphate battery until the mid-2000's.

Second, Kanode claimed that the order from Smith Electric vehicles (Tanfield) would be worth $70 million in its first year. Well that first year is almost over, and so far it has been worth $4 million. Tanfield is laying off employees and its stock price has plunged from 120 pence to 4 pence. It also shelved plans to expand production to the US. "We don't see a slow-down at all" Who's he kidding?

Kanode also claimed that VLNC revenue would increase by 500% this year. In the September quarter, product sales were actually down from the previous year.

VLNC has been touting the various iterations of its batteries for 20 years. It has announced numerous "orders" that resulted in little or no revenue. During that time it has never generated significant revenue, and never earned a single penny of profit. It has turned over $500 million of investor's money into negative $65 million of shareholder's equity, and its balance sheet is so bad that it received a going concern warning from its auditors.

As far as the vanadium batteries, it has been touting them for 10 years, but has yet to produce any.