Issuer
Free Writing Prospectus dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. (we or the issuer)
has filed a registration statement (including a prospectus and prospectus
supplement(s)) with the SEC (File No. 333-148632) for the offering to
which this communication relates. Before
you invest, you should read the prospectus in that registration statement, any
prospectus supplement(s) and other documents the issuer has filed with the
SEC for more complete information about the issuer and the offering. You may get these documents for free by
visiting EDGAR on the SEC web site at www.sec.gov. Also see Where You Can Find More Information
and Incorporation Of Certain Information By Reference in the prospectus to
which this communication relates.
Alternatively, the issuer, any underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request it by
calling Wm Smith & Co. toll-free at 800-757-1175.
The information contained herein supplements,
in part, the information contained in the prospectus and prospectus supplement(s) for
the offering to which this communication relates. This Issuer Free Writing Prospectus should be
read in conjunction with the prospectus and prospectus supplement(s) for
the offering to which this communication relates, and is qualified by reference
to such prospectus and prospectus supplement(s), except to the extent that the
information in this Issuer Free Writing Prospectus expressly supersedes the
information contained in the prospectus or prospectus supplement(s) filed
prior to the date hereof. This Issuer
Free Writing Prospectus shall be deemed to be supplemented, or superseded, by
information contained in any subsequent prospectus supplement(s) for the
offering to which this communication relates and/or in any information
incorporated into the Registration Statement as a result of any subsequent
filing by the issuer of its periodic or current reports pursuant to the
Securities Exchange Act of 1934.
Beginning on March 11, 2008, we intend
to make presentations to potential institutional and other investors, during
which we will provide an overview of our business. A copy of the presentation materials to be
shown to potential institutional and other investors is attached hereto below
and also is being furnished in a report on Form 8-K, under Item 7.01,
Regulation FD Disclosure, filed with the Securities and Exchange Commission
concurrently herewith.
The presentation filed herewith contains
certain projections of our anticipated results of operations, or assumptions or
estimates as to future events or outcomes.
It is intended to speak only as of the date of this Issuer Free Writing
Prospectus and should not be construed as representing projections of our
anticipated results of operations, or assumptions or estimates as to future
events or outcomes, as of any subsequent date.
By furnishing the projections and other information in the attached
presentation, we are not undertaking, and we expressly disclaim any obligation
to furnish updated or revised projections of our projected results of
operations, or assumptions or estimates as to future events or outcomes, to
reflect any events or circumstances occurring or existing at any time after the
date of this Issuer Free Writing Prospectus (irrespective in any such case of
whether the projections, assumptions or estimates set forth in this Issuer Free
Writing Prospectus, in light of events or circumstances occurring or existing
at any time after the date hereof, shall have ceased to have a reasonable
basis). Consequently, the projections of
our anticipated results of operations, assumptions and estimates set forth in
the attached presentation should not be regarded as a representation by us that
the projected results of operations can or will be achieved, only that we have
concluded in good faith that they may be achieved based on many
assumptions. Our regular annual and
quarterly financial statements, and the accompanying discussions and analyses
of our financial condition and results of operations, contained in our Annual
Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed
with the Securities and Exchange Commission after the date of this Issuer Free
Writing Prospectus will contain disclosure regarding our actual results of
operations for fiscal periods covered by the projections in the attached
presentation. Our actual results could,
and likely will, vary significantly from the potential results projected in the
attached presentation, as a result of, among other things, changes in
operations, factors affecting our business and industry, and the degree and
timing to which management is able to execute its currently proposed business
plan.
Please refer to page 2 of presentation
materials attached hereto for a cautionary note regarding certain
forward-looking statements included therein and the risks and uncertainties
related thereto. Also see Special Note
Regarding Forward-Looking Statements in the prospectus to which this offering
relates.
Investing in
our securities involves a high degree of risk.
Risks associated with an investment in our securities are described in
the accompanying prospectus and in certain of our filings with the Securities
and Exchange Commission, as described under Risk Factors on page 3 of
the prospectus.
Neither the
Securities and Exchange Commission nor any state securities commission has
approved or disapproved of the securities we may offer or determined whether
this Issuer Free Writing Prospectus or any prospectus or prospectus or
supplement(s) for the offering to which this communication relates is
truthful or complete. Any representation
to the contrary is a criminal offense.
The date of this Issuer Free Writing Prospectus is March 10, 2008
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 1 3/8/2008 Right Technology Right Products Right
Service & Support Right Now! Poised for Growth Information contained on
our website is not incorporated into or a part of this presentation.
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. Presentation to Potential
Investors
Dated March 10, 2008
|
www.valence.com 2 3/8/2008 Safe Harbor Statement Special Note
Regarding Forward-Looking Statements Some information included in this
presentation contains forward-looking statements, within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Act of 1934. Such statements include information relating to our current,
proposed and/or projected business or financial condition. These statements
can sometimes be identified by the use of forward-looking words such as
may, will, anticipate, estimate, expect, projected, scheduled,
believe, continue, predict, propose or intend and similar
expressions with respect to, among other things: You are cautioned not to put
undue reliance on forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve substantial risks and
uncertainties. Actual results likely will differ materially from those
projected in this presentation. Factors that could cause actual results to
differ materially include those discussed under Risk Factors in the
Prospectus dated February 25, 2008, and our periodic and other reports (10-K,
10-Qs, 8-Ks) with the SEC, which include, but are not limited to, the
following: our ability to manage our foreign manufacturing and development
operations; international business risks; our ability to scale our
manufacturing and other operations; our ability to attract skilled
personnel; our ability to protect and enforce our current and future
intellectual property; international business risks; our need for
additional, dilutive financing or future acquisitions; and future economic,
business and regulatory conditions. our ability to develop and market
products that compete effectively in targeted market segments; market
acceptance of our current and future products; our ability to meet customer
demand; our ability to perform our obligations under our loan agreements;
a loss of one of our key customers or the failure to broaden our customer
base; our ability to implement our long-term business strategy that w ill
be profitable and/or generate sufficient cash flow; the ability of our
vendors to provide conforming materials for our products on a timely basis;
the loss of any of our key executive officers; Any forward-looking statements
included in this presentation are made only as of the date of this
presentation. Valence does not undertake any obligation to update or
supplement any forward-looking statements to reflect subsequent events or
circumstances and cannot assure that projected results or events will be
achieved. trends affecting the commercial acceptability of our products;
and our business and growth strategies. trends affecting our financial
condition or results of operations; our product development strategies;
trends affecting our manufacturing capabilities;
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. Presentation to Potential
Investors
Dated March 10, 2008
|
www.valence.com 3 3/8/2008 Global Locations Austin, Texas
Headquarters Finance, Engineering, N.A. Sales Facilities Las Vegas, Nevada
Research & Legal Suzhou, China Valence Energy Tech (Operations) Phosphate
Powder & Intelligent Pack Manufacturing Northern Ireland WW Marketing
& Sales EU Sales & Service
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. Presentation to Potential
Investors
Dated March 10, 2008
|
www.valence.com 4 3/8/2008 Superior Global Fulfillment Suzhou,
China Valence Energy Tech (Asia) Dallas, Texas (North America) Amsterdam, The
Netherlands (Europe) Fulfillment Centers
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. Presentation to Potential
Investors
Dated March 10, 2008
|
www.valence.com 5 3/8/2008 Valence, the first to commercialize
Lithium Phosphate, has emerged as the leader in safe Lithium Phosphate energy
storage systems We develop and manufacture advanced lithium phosphate
cathode materials. We design and manufacture programmable lithium phosphate
packs. We provide application engineering integration services. And, we offer
global fulfillment, service and support. Poised for Success
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc. Presentation to Potential
Investors
Dated March 10, 2008
|
www.valence.com 6 3/8/2008 We are ready, are you? Serve specific
Markets & Applications Strategic Advantage Offer Fully Integrated Energy
Storage Solutions Continuing Technology & Product Innovation Industry
Recognized Strategic Partner & Supplier Network 1 2 3 4
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 7 3/8/2008 World Battery Market Large Format
Battery Sectors Our Sweet-Spot Global Motive Markets Personal Mobility
Commercial Mobility Other Large Format Sectors Selective Markets &
Applications We know where we are going!
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 8 3/8/2008 We know where we can succeed! Source:
Advanced Automotive Batteries, 2008 2005 Worldwide Battery Market $35 Billion
Primary Small Rechargeable Large Rechargeable 34% 17% 49% $17 Billion Large
Rechargeable $12 Billion Primary $6 Billion Small
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 9 3/8/2008 We know who needs us! Growth Total
Sales Source: Advanced Automotive Batteries, 2008 $17.1 Total 3%-5% $2.1 #3
Telecommunications/Aerospace/Military 3% $5.5 #2 Industrial/UPS 3%-30% $9.5
#1 Automotive Annual % $Billion
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 10 3/8/2008 When Applications must have,
Inherent Safety, Lithium Power, Long-Life and Reliability, Maintenance-free
Operation. And Corporations need, Immediate High Volume Supply, Engineering
& System Integration, Local Fulfillment, Service & Support. Valence
Intelligent Packs are the answer! See www.valence.com for Safety Video and
Independent Safety Test Report Where we fit!
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 11 3/8/2008 How markets differ Europe (From
Turbo Diesel @ 50mpg to EV) Next Generation Technology (Launch 2008)
Electric Vehicles UK » Smith Electric Vehicles
www.smithelectricvehicles.com » Modec www.modeczev.com/uk/ » PanelTex
France » PVI Italy » Micro-vett Series Hybrids Wright Bus
www.wrightbus.com Stop-and-Go Delivery: Where EVs Excel and Diesels Fail!
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 12 3/8/2008 America must catch up! North
America (From HEV to PHEV) Next Generation Technology HEV PHEV
Conversions (Launch 2008) OEMTek www.oemtek.com Mild Hybrid (Launch 2008)
International School Bus www.greendieseltechnology.com Follow-on
Technology (Launch 2010-11) PHEVs From Major Auto Companies North America
PHEVs Trail European EVs
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 13 3/8/2008 From personal mobility, Segway
2-wheel Electric Scooter Piaggio 3-wheel Electric Scooter
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 14 3/8/2008 to commercial reliability.
All-electric range of up to 150 miles on a single charge with Valence Lithium
Phosphate energy storage solutions!* *Source: www.smithelectricvehicles.com
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 15 3/8/2008 From commercial fleet delivery,
Modec Electric Delivery Vehicle Produced for UPS
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 16 3/8/2008 to retail fleet service, Modec
Electric Delivery Vehicle Produced for Tesco
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 17 3/8/2008 to mass transit in 08! International
Corporation Stop & Go operation of commercial vehicles with long service
life is the Sweet-Spot for Valence Lithium Phosphate Energy Systems.
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 18 3/8/2008 EV manufacturers are focused! Smith,
Modec, International, Wright and others are focused on back-to-base, urban
fleets that include: Supermarket delivery Logistics / General Delivery
Newspapers Utilities Infrastructure Mass transit Other And, they are
already seeing repeat customers!
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 19 3/8/2008 And over 100 other corporations are
taking action! Telecomm Backup Central Offices Local Substations Base
Stations Remote Communications Towers Data Centers Utilities Backup
Peak Shaving Power Generation Plants Distribution Centers Substation Power
Backup Military Military Branches and Associated Suppliers with Advanced
Applications Marine Research Submarines Ocean Yachts Racing Yachts
Pleasure Boat Manufacturers Sport Fishing Accessories Maritime Safety
Devices
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 20 3/8/2008 Systems Advantages EpochTM energy
storage systems are Leading the Pack! EpochTM EpochTM The Experts
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 21 3/8/2008 Right Technology Right Products
Right Service & Support Right Now! The experts have spoken! Based on
these results, it is the opinion of Exponent that it is
"improbable" that Valence's lithium phosphate batteries will incur
the thermal runaway that causes other batteries to burst into flames or
explode. Noah Budiansky, Ph.D. Quinn Horn, Ph.D. Xiaoyun Hu Kevin White,
Ph.D. Exponent 21 Strathmore Road Natick, MA 01760 July 11, 2007 See
www.valence.com for complete report
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 22 3/8/2008 A period marked by radical changes
and new developments Customers want Intelligent Programmable Packs, not
Cells! TM
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 23 3/8/2008 has broken away from the pack! Fail
Soft: Eliminates System Failure Caused by a Single Cell Scalable: Up to
390KWh Capacity Compatible: Data Logging, CAN communications, Programmable
Protection: Automatic Over-Charge / Discharge and Temperature Protection
Monitoring: State of Charge, State of Health, Current, Voltage, Temperature
Balancing: For Optimized Pack Performance Rugged: Superior Performance in
hostile environments No Maintenance: Install and Forget Long Cycle Life:
2000+ Under Normal Conditions Robust: Can Be Charged Using Lead Acid Chargers
EpochTM
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 24 3/8/2008 Intellectual Property Valences
Technology Advancements Our leadership continues
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 25 3/8/2008 Our intellectual property expands!
Valence began phosphate based cathode material research in the mid-1990s and
has continued to expand its research. Todays Carbothermal Reduction
Manufacturing Process Low Cost Manufacturing Process 20 Granted Patents
(3 U.S.) 3 Pending Applications Tomorrows Next Generation of Lithium
Phosphate Materials 122 Granted Patents Worldwide 46 U.S. 76 Foreign
121 Pending Patent Applications Worldwide 31 U.S. 90 Foreign
Miscellaneous Patents or Patent Pending Applications 118 Domestic and
International
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 26 3/8/2008 The Valence Technology Advantage 10
30 Ah 1.6 1.7Ah 1.35 Ah Amp-Hrs LVP or LVPF (+28% Energy) P100 (+25%
Energy) P1a Material (Phosphates) EpochTM Custom 4.1V 2009-2010 Prismatic
EpochTM 3rd Generation 3.2V 2008 Cylindrical U-Charge 2nd Generation 3.2V
2007 Cylindrical Pack Voltage Cell
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 27 3/8/2008 Valence China Valence Proven EV
Infrastructure Potential Suppliers The experts are gathering
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 28 3/8/2008 Valence Proven processes!
Established May 2004 with initial investment of $15 million USD ISO 9001
Certified Core manufacturing facility for Valence globally (powder &
pack) Building #1 - Cathode Materials (58,000 square feet) Building #2 -
Pack Manufacturing (58,000 square feet) Suzhou, China Valence Energy Tech
Phosphate Powder & Intelligent Pack Manufacturing
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
29 Valence quality assurance! Cells Valence Proven Partner
Cathode Materials Manufactured in Building 1 Intelligent Packs Manufactured
in Building 2
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 30 3/8/2008 The EV infrastructure is ready!
Valence Lithium Phosphate International Corp. School Buses Valence Lithium
Phosphate PanelTex Delivery Vans Azure Dynamics (Canada) Valence Lithium
Phosphate Modec Delivery Vans Zytek (UK) Valence Lithium Phosphate Smith
Electric Vehicles Delivery Vans & Trucks Enova (USA) Valence Lithium
Phosphate Wright Bus London Double Deck Bus Siemens (Germany) Energy
Storage Applications Electric Drive-Train Mfg
|
Issuer Free Writing Prospectus dated
March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 31 3/8/2008 Suppliers are gathering! BAK ATL
Global Technology Corporation Lishen BAK Global Energy Corporation Q-Tech
Lishen Custom Chemical Corporation Sub-Assemblies Cells Materials
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 32 3/8/2008 Balance Sheet Manufacturing Capacity
Mfg Capacity / Financial Outlook Investors Financial Summary and Outlooks
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 33 3/8/2008 Balance Sheet December 31, 2007
March 31, 2007 (unaudited) (audited) Assets Total current assets 15,449 $ 15,025 $ Property, plant and equipment, net 4,529 3,997 Intellectual
property, net 87 178 Total assets 20,065 $ 19,200 $ Liabilities and
Stockholders' Deficit Total current liabilities 7,221 $ 7,643 $ Long-term
liabilities 74,014 70,865 Total Liabilities 81,235 $ 78,508 $ Redeemable
convertible preferred stock 8,610 $ 8,610 $ Common stock & additional
paid-in capital 470,856 457,717 Notes receivable from stockholder - (5,164)
Treasury shares, 1,803,144 at cost (5,164) - Accumulated deficit & other
loss (535,472) (520,471) Total Stockholders' Deficit (69,780) $ (67,918) $ Total Liabilities, Preferred Stock and Stockholders' Deficit 20,065 $ 19,200
$ (in thousands)
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 34 3/8/2008 Our manufacturing capacity is
growing! Smith Electric Vehicles* Fiscal Year 2009 Mfg Outlook 2,500
vehicles (1500 EU / 1000 US) Estimated US Capacity 2010 10,000 vehicles
Estimated Annual US Market 200,000 vehicles *Source:
www.smithelectricvehicles.com To support anticipated product sales, as of
March 31, 2009, we plan to expand our manufacturing capacity to $35M to $50M
per quarter.
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Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 35 3/8/2008 Financial Outlook 17% - 20%
Operating Profit 12% - 10% Operating Expense 29% - 30% Gross Margin $35M -
$50M Quarterly Mfg Capacity As of March 31, 2009 As our manufacturing
capacity expands to fulfill anticipated product sales, we believe we can
achieve the following financial goals:
|
Issuer Free Writing Prospectus
dated March 10, 2008
Filed Pursuant to Rule 433
Supplementing the Preliminary Prospectus dated January 11, 2008
And Prospectus Supplement No. 1 dated February 22, 2008
Registration Statement No. 333-148632
Valence Technology, Inc.
Presentation to Potential Investors
Dated March 10, 2008
|
www.valence.com 36 3/8/2008 Top Ten Institutional Investors (as
of February 5, 2008) 1. INGALLS & SNYDER ASSET MANAGEMENT 2. THE VANGUARD
GROUP, INC. 3. BARCLAYS GLOBAL INVESTORS NA (CA) 4. FULLER & THALER ASSET
MANAGEMENT, INC. 5. DIMENSIONAL FUND ADVISORS, INC. 6. WEINTRAUB CAPITAL MANAGEMENT
LLC 7. SHUFRO, ROSE & CO. LLC 8. STATE TEACHERS RETIREMENT SYSTEM OF OHIO
9. ALETHEIA RESEARCH & MANAGEMENT, INC. 10.FIRST REPUBLIC INVESTMENT
MANAGEMENT, INC.
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