Valence Technology Receives $3.1 Million Battery Order from Smith Electric Vehicles UK

January 13, 2010 – Vol.14 No.43

Valence Technology Receives $3.1 Million Battery Order from Smith Electric Vehicles UK.

With the purchase order from The Tanfield Group Plc, owner of Smith Electric Vehicles, Valence Technology is now the primary traction battery supplier for the Smith Edison and Smith Newton, which are Europe’s most popular electric commercial vehicles.

Valence Technology is also the battery supplier of choice for Tanfield’s 49-percent-owned associate company, Smith Electric Vehicles US Corporation, based in Kansas City, Missouri. In December, Smith US placed a $1.4 million order for U-Charge (R) battery systems, as it ramps up production of the Smith Newton truck for fleet operators in North America.

Valence will initiate delivery of this latest UK order in March 2010. Tanfield requires the entire consignment of traction batteries to fulfill EV orders from fleet operators in the UK, mainland Europe, Scandinavia and the Asia-Pacific region, as it capitalizes on new government incentives in these regions to stimulate the procurement of electric trucks.

“We only select best-of-breed suppliers for our leading edge electric vehicles. Valence continues to deliver a solution that is robust, efficient and tailored to our specific requirements,” said Darren Kell, Chief Executive of Tanfield. “As an emerging sector of the fleet market, it is paramount that we deliver vehicles with proven performance and reliability. Utilizing Valence Technology helps to give our customers increased confidence in our Smith Edison and Smith Newton vehicles.”

Valence Technology has been supplying Tanfield with advanced battery systems for the high performing Newton and Edison trucks and vans in service since 2007. Designed for urban operations, where lower mileage requirements are commonplace, Smith Electric Vehicles are in use with a wide number of fleets, ranging from municipal authorities to major retailers, utilities, courier companies and mail delivery organizations.

Valence Technology, headquartered in Austin, Texas, is a developer of Lithium Iron Magnesium Phosphate energy storage solutions.

Through Smith Electric Vehicles, Tanfield is the world's largest manufacturer of road-going commercial EVs. (1/12/10)

Links:

Valence Technology
http://www.valence.com

Smith Electric Vehicles
http://www.smithelectricvehicles.com

--- Valence to Develop Lithium-ion Batteries Compatible with Siemens’ Marine Hybrid Propulsion Systems.

--- Eneco to Purchase 50 Vans from Smith Electric Vehicles.

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes