Battery and portable power solutions group Lithium Werks has acquired substantially all the assets of Valence Technologies, including Valence’s proprietary lithium magnesium iron phosphate IP.
Lithium Werks, which has subsidiaries in the US, Europe and China, intends to continue supplying its Valence Modules and Battery Management System to global energy storage customers, and to introduce new form factors and enhanced BMS with improved energy and power densities and extended functionality.
Valence, which was founded in 1989, provides lithium iron phosphate cells, modules and scalable power systems. It sells its batteries as replacements for lead-acid batteries in industries such as material handling, UPS, and stationary energy storage.
“It’s a very complimentary fit, with talented people, innovative technologies, world-class lithium battery solutions and leading OEM customers,” said Lithium Werks co-founder and CEO T. Joseph Fisher III.
Source: Lithium Werks