What happened to Valence Technology?

AUSTIN, Texas, Feb. 07, 2018 (GLOBE NEWSWIRE) — Lithium Werks B.V. (www.lithiumwerks.com), a fast growing lithium ion battery and portable power solutions group, announced today that they have acquired substantially all the assets of Valence Technologies, Inc.

Who makes Valence lithium batteries?

Lithion Battery Inc.
Valence is currently owned by Lithion Battery Inc.

When did Valence Technology go out of business?

On July 12, 2012, Valence Technology, Inc. voluntarily filed for bankruptcy protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas. The company listed approximately $31.5 million in assets and over $82 million in liabilities.

What kind of batteries does Valence Technology make?

Valence Technology, Inc. develops and manufactures lithium iron phosphate cathode material as well as lithium ion battery modules and packs. The modules come in 12 V, 18 V, 24 V, and 36 V configurations. Valence’s products are used in electric vehicle and plug-in hybrid electric vehicles (PHEVs) such as cars, scooters,…

When did Valence Technology inc.file for bankruptcy?

As previously reported, on July 12, 2012, Valence Technology, Inc. (the “Company”) filed a voluntary petition in the United States Bankruptcy Court for the Western District of Texas (the “Bankruptcy Court”) seeking relief under the provisions of Chapter 11 (“Chapter 11”) of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”).

Who are the owners of Valence Energy Tech?

Valence is currently owned by Berg and Berg Enterprises. The company holds an extensive, international patent portfolio of issued and pending lithium phosphate patents. Valence manufacturers its cathode material and packs in two wholly owned subsidiaries Valence Energy Tech in Suzhou, China .