Valence Tech (VLNC $1.10 +0.07) expects to see first quarter revenue
in the range of $13.5 million to $14 million versus the $12.49 million Capital
IQ Consensus Estimate.
The company said, "Our first quarter revenue is projected to be above our May
25, 2011 guidance of $8.5 to $10.5 million, principally due to significant
shipments to Smith Electric Vehicles. In addition, we continue to see a positive
trend in orders from both existing and new customers. This includes dozens of
customers in diverse markets worldwide... We believe our products' performance,
safety, durability, cycle life, and energy density offer a compelling solution.
With five years of on-the-road experience and a family of standard and custom
products, Valence is well positioned in pursuing a broad base of emerging
worldwide markets. In addition, due to our experience and vertical integration
Valence can quickly scale as markets mature and grow."






