VLNC: Valence Technology, Inc.(fka VLNCQ)

[paologorgo]

The Chinese academician, Chen Liquan, told
reporter that, in the field of the lithium iron
phosphate battery and materials, two core patents
are impossible to bypass, one is the carbon coating
patent, the other is the carbothermic reduction. The
carbon coating patent has been applied in China and
Phostech is the sole licensee. The carbonthermic
patent belongs to Valence, but is not applied
in China.

this is taken from a Phostech's presentation:

http://www.phostechlithium.com/documents/PHEV09_MG_Phostech.pdf

No idea why the patent is not applied in China, but a competitor indicating a Valence patent as a core one is a nice indication of the strength of the portfolio.