Valence Technology Snapshot
If you charged Valence Technology with battery, you'd be right. The company's rechargeable lithium polymer batteries are designed for use in industrial (forklifts), military (robotics), stationary (generators), and transportation-related (cars and boats) electrical power applications. Valence touts its U-Charge lithium iron magnesium phosphate (LiFeMgPO4) energy storage systems as having a longer life and being safer and more stable under extreme conditions than even lithium-ion batteries that use oxide-based cathode materials. The company's largest shareholder is real estate developer Carl Berg, who owns a 44% stake. Berg serves as both chairman of Valence Technology and his own Mission West Properties.