Valence Signs Agreement with PETC and Mobility

Valence Technology Inc. of Austin, Texas, has a manufacturing agreement with Pacific Energytech Co. Ltd. (PETC), a Taiwanese manufacturer of lithium-ion rechargeable batteries, to produce cylindrical Saphion cells.

Established in 1998, PETC has state-of-the-art production capability in the manufacture of electrodes, and highly automated production lines for both cylindrical and prismatic cells. Valence uses cylindrical Saphion cells manufactured by PETC for use in its K-Charge Power System.

In other news, Valence has signed license and purchasing and reseller agreements with Mobility Electronics Inc. Under the agreements, the companies will integrate Valence’s Saphion lithium-ion technology, N-Charge, with Mobility’s power technology to market universal batteries for electronic devices, including digital cameras, portable DVDs, cell phones, and notebook PCs.

Mobility will distribute the new line of universal batteries, manufactured by Valence, through its channels. Valence will purchase intelligent tips and related peripheral powering system (PPS) products from Mobility.