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July 13, 2006
Valence Inks Battery Sale
Oxygen S.p.A., a provider of electric transporters, has placed orders for the new U-Charge(R) XP battery systems, based on Saphion(R) lithium-ion technology, from Valence Technology, Inc. (Nasdaq:VLNC). The Italian company selected Valence batteries to power a new line of electric scooters designed for delivery fleets across Europe. Oxygen's initial fleet deployment will start this summer with a major European Postal Service. Saphion technology is the industry's first commercially available, safe, large-format lithium-ion rechargeable battery technology. The technology enables Oxygen to deliver a solution where their customers can make deliveries for the entire daily route without having to recharge the battery, with a range of up to 85 miles. Oxygen will use the U-Charge XP Power System in its cargo scooters, which are designed to address the need for low-cost, highly efficient transportation in congested urban areas where quiet, pollution-free, low maintenance vehicles have gained preference. The Oxygen electric scooters feature advanced technologies, such as brushless motor, electronic engine control and...Posted by dymaxion at July 13, 2006 07:43 PM