The Street reports that Valence Technology, Inc.(NASDAQ:VLNC), a leading U.S. based global manufacturer of advanced energy storage solutions , won in a patent infringement lawsuit regarding the Company’s carbothermal reduction technology.
The market news is quoted as saying:
“We are pleased the Canadian courts validated our CTR patents. Over the last seven years, Valence’s technology has been proven in commercial fleet trucks as well as other demanding applications. Valence’s strong worldwide patent estate protects our family of lithium phosphate technologies that deliver the superior performance, safety and long life today’s commercial applications demand. Valence will continue to develop and protect our intellectual property. This will ensure that our customers can trust Valence Technology for their future energy needs,” stated Valence president and chief executive officer Robert L. Kanode.