Valence Technology is Proud Provider of the Battery System
Technology inside the Newest and Largest Fully-Electric Fleet Truck in
North America; Smith Newton Fleet Delivered to Several Fortune
500 Companies Today
Valence Technology, Inc. (NASDAQ: VLNC), a U.S.-based
manufacturer and supplier of lithium iron magnesium phosphate energy
storage solutions, today congratulated its customer, Smith Electric
Vehicles, on the delivery of the newest and largest fully-electric
fleet truck in North America.
The 120-kilowatt electric trucks were handed over today in a ceremony in
Washington, DC, to Coca-Cola, Staples, Frito-Lay, AT&T,
Pacific Gas & Electric Company and Kansas City Light &
Power.
“The Smith Newton electric truck demonstrates that smart business and
green business savvy go hand-in-hand. We congratulate Smith Electric, a
true industry leader and innovator, for accomplishing this important
milestone,” said Robert L. Kanode, President & CEO, Valence Technology.
“Valence Technology is proud to supply the safest, longest-cycling
lithium-ion advanced battery solutions for this groundbreaking fleet
application. Here in the US, we are starting to see the green automotive
industry move faster and reach further than ever before, and the Smith
Newton serves as a prime example of just how much can be accomplished.”
“These trucks will make an immediate, positive impact on our country and
our planet, reducing operators’ carbon footprints and greenhouse gas
emissions, and tremendously benefiting future generations to come. The
Smith Newton is also smart business – a Valence Technology battery
system in a fully-electric vehicle saves on maintenance and energy
costs.”
The Smith Newton electric truck is powered by U-Charge®, lithium-ion
advanced batteries from Valence Technology, and features a 120-kilowatt
induction motor that can deliver a range of more than 100 miles on a
single charge. The newest electric fleet trucks are emissions-free, run
without noise or vibration and can reclaim kinetic energy during
start-stop urban operations through regenerative braking.
