Austin startups race to power electric cars

[OKIsItJustMe]

http://austin.bizjournals.com/austin/stories/2008/03/03/story5.html

Friday, February 29, 2008

Austin startups race to power electric cars

Austin Business Journal - by Laura Hipp ABJ Staff

The market finally has caught up with Valence Technology Inc. after 19 years and $531 million in losses.

The Austin company makes lithium ion batteries that will soon power delivery vans and trucks across Europe, and the deal to do so could transform Valence -- which has never seen a profit -- and boost Austin's clean-energy reputation.

In the highly competitive -- and sometimes secretive -- world of batteries, Valence and EEStor Inc. of Cedar Park have sparked attention with major auto and military contracts announced this year.

Both companies are perfecting their products' ability to power cars, store wind and solar energy, and provide hundreds of other uses.

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[diane in sf]

1. Good news, the saying is batteries are now where semiconductors were in 1983