Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Lithium Werks acquires Valence Technologies, Inc.

Lithium Werks acquires Valence Technologies, Inc.
DC Velocity Staff
By DC Velocity StaffFeb 07, 2018
DC Velocity Staff
See Full Bio

FOR IMMEDIATE RELEASE
Austin, Texas - February 7, 2018

Lithium Werks B.V. (www.lithiumwerks.com), a fast growing lithium ion battery and portable power solutions group, announced today that they have acquired substantially all the assets of Valence Technologies, Inc. (www.valence.com) including the customer relationships, global manufacturing, sales and distribution locations along with all of Valence's Proprietary Lithium Magnesium Iron Phosphate intellectual property (IP), trademarks, and inventory. The IP portfolio also includes patents on high voltage battery materials for potential future battery breakthroughs.

Lithium Werks B.V. with its subsidiaries in USA, Europe and China, intends to continue supplying the high quality Valence Modules and Battery Management System to global energy storage customers, as well as introduce new form factors and enhanced Battery Management Systems improving both energy and power densities while extending functionality.

"We are excited about the new opportunities that Valence provides to expand the Lithium Werks product offering for our customers", said T. Joseph Fisher III, CEO, president and co-founder of Lithium Werks. "It's a very complimentary fit with talented people, innovative technologies, world class lithium battery solutions and leading OEM customers."

"This is the first acquisition of Lithium Werks and it immediately provides the company with a strong global presence", said Knut H. Nylænde, chairman and co-founder. Nylænde is CEO of Xeilon AS a Norwegian private equity group that specializes in providing formation capital for companies with strong management teams and global opportunities. Xeilon led the funding of the transaction.

Valence Technologies, Inc. was originally formed in 1989 and is recognized as a global leader in Lithium Iron Phosphate cells, modules and scalable power systems, featuring long lasting, safe and reliable energy solutions. Valence was the first to introduce lead acid replacement batteries that featured Lithium Iron Phosphate cHemiätry positioning Lithium Werks to overtake traditional lead acid dominated industries such as material handling, UPS, and stationary energy storage.

For more information, please contact:

Mr. Christian F. Ringvold
EVP - Corporate strategy
Lithium Werks, Inc.
+1 (512) 527-2900
cringvold@lithiumwerks.com

Mr. Knut H. Nylænde
Chairman
Lithium Werks B.V.
+47 47 00 00 00
knut@moxie.no

Mr. Knut H. Nylænde Chairman Lithium Werks B.V. +47 47 00 00 00 knut@moxie.no

More Info: https://www.valence.com/lithium-werks-acquires-valence-technologies-inc/

Industry Press Room
Industry Press Room

The Latest

two women shopping and buying goods
Reverse Logistics

Study: Over 15% of all retail returns in 2024 were fraudulent

daimler self driving truckl
Autonomous Trucks

Daimler expands deal with sensor vendor for self-driving trucks

chart of truck traffic to US from canada and mexico
Trucking

BTS: Number of trucks to U.S. from Mexico overtook Canada in 2017

More Stories

a family shops in a grocery store using a smart trolley
Photo courtesy of Instacart

Australian supermarket chain rolls out AI-powered grocery carts

Grocery shoppers in Australia will soon be able to zip in and out of the store in record time, bypassing the lines for cashiers or self-checkout kiosks altogether. They can just walk in, make their selections, and walk out with their bags in hand.

The secret to this express shopping experience is the “Caper Cart,” an AI (artificial intelligence)-powered smart trolley from San Francisco-based Instacart. In its first deployment in the Asia Pacific (APAC) region, the system is being tested by Coles Supermarkets, a food and beverage retailer with more than 1,800 grocery and liquor stores throughout the country.

Keep ReadingShow less

Featured

a photo of second harvest food bank receiving a raymond pallet jack
Transportation

Logistics gives back: December 2024

Yale robotic stacker application
Internal Movement

Group chat

David Scheffrahn of Ocado Intelligent Automation
Robotics

InPerson interview: David Scheffrahn of Ocado Intelligent Automation

chart of GenAI product market share
Article

Google matched Open AI’s generative AI market share in 2024

Robotic truck unloading, refined
Robotics

Robotic truck unloading, refined

a collage of bioelements packaging
Material Handling

Composting isn’t just for food waste anymore

a women in an office watching a delivery of boxes

How green is your glue?

If you’re looking to make the packaging process more eco-friendly, the obvious place to start is with the box itself. And that’s exactly what Salt Lake City-based Packsize did when it made its initial foray into sustainable packaging back in 2002. That year, the company launched its first product, an innovative on-demand packaging system designed to reduce cardboard waste (and the need for filler material) by creating a right-sized box for each shipment.

Now the company is ready for the next step: greening up the glue.

Keep ReadingShow less

​OPEX® Sure Sort® X with Xtract™ Warehouse Automation System Is Named a Finalist in the New Equipment Digest NED Innovation Awards

MOORESTOWN, NJ (December 18, 2024) OPEX® Corporation, a global leader in Next Generation Automation providing solutions for document, mail, and warehouse automation, has been selected as a finalist in the 2024 NED (New Equipment Digest) Innovation Awards, which celebrates innovations in industrial technology, tools, and equipment that empower businesses to work faster, better, and more cost-effectively.

OPEX Sure Sort® X with Xtract™, a high-speed automated sortation and order retrieval system, was recognized in the NED Innovation Awards Automation category.

Keep ReadingShow less

Hy-Tek Intralogistics releases Top Trends for 2025

Columbus, OH – December 18, 2024 – Hy-Tek Intralogistics, a premier provider of software, systems and services for supply chain automation technology, has released an episode of its popular podcast Automation Insider that looks at warehousing trends for 2025.

Automation Insider is a podcast created for people interested in what is new and what is successful in logistics and automation technology across a wide range of industries.

Keep ReadingShow less
Averitt Promotes David Fussell to Vice President of Dedicated Sales

Averitt Promotes David Fussell to Vice President of Dedicated Sales

COOKEVILLE, Tenn. — Averitt has promoted David Fussell to vice president of dedicated sales, following the retirement of Walt Gray.

Fussell joined Averitt in 1991 and has held several key positions throughout his career. He served as a transportation sales specialist in Decatur and Nashville, later becoming service center director in Little Rock. In 2018, he transitioned to director of dedicated sales, working closely with Gray to expand the company’s dedicated accounts and deliver customized solutions to customers.

Keep ReadingShow less
Copyright ©2025.