Valence Technology Lithium Phosphate Batteries Pass First Phase of Ford Test Program in Germany

Valence Technology, Inc. VLNC today announced its lithium phosphate batteries earned favorable first phase reviews during a large electric vehicle assessment program being conducted by Ford-Werke GmbH in Cologne, Germany. As part of the colognE-mobile study, Smith Electric Vehicles in the UK manufactured and delivered 10 Smith Edison™ electric vehicles to Ford in February 2010. The study has been underway for 15 months and Ford recently announced that the vehicles are meeting reliability, practicality, and ease-of-use goals.