VLNC: Valence Technology, Inc.(fka VLNCQ)

[mrholty]

Fin-

Thanks for the tip. I'll take a look.

I had written this BK off a long time ago after no OEC was allowed to form. I assumed Berg was going to anything that is left.

However, I agree with you that JCI somewhat tipped their hand with the bidding for A123. Originally I couldn't understand why JCI would be interested in A123 as they already have an automotive plant in Michigan that is basically idled after their dissolution of their agreement with Saft in 2011. I had assumed that their bid was to get part of the $90M DOE ARRA battery mfg grant and maybe their IP on their Li Start-Stop battery. Additionally JCI has put out the plan for a 2 battery system (12V Lead Battery/48V Lithium Battery). The Lead Acid will start the car and the 48V will handle all the electric (start-stop), etc in todays cars (known as the hotel load). Below is a presentation by them.

http://www.johnsoncontrols.com/content/dam/WWW/jci/corporate/investors/2012/Baird%20conference%202012--Johnson%20Controls.pdf

Since I am trying to catch up. Was there ever a formal conference to determine a need for on OEC? I see in the biling doc #331 - Exhibit B - pages 38-39 that they were doing a financial comparison between the A123 and Valence. I'd love to get anything they could on it. Personally I think that most LiOn battery tech is mostly a commodity with marginal differntiation and that the value in the IP is the actual operating factory and technology to put the battery together.

Is there a stalking horse or a auction date set?