Valence Technology, Inc.(Valence) is engaged in the development and manufacture of modular lithium iron magnesium phosphate advanced energy storage solutions. The Company’s products are used in the following market sectors: Motive, Marine, Industrial and Backup. The Company’s low-carbon equipment with reduced weight designs and optimized EV systems utilizes U-Charge lithium phosphate systems. The valence technology lithium phosphate has been powering the commercial electric transportation buses. The Company’s Motive Solutions are powered by the Valence U-Charge XP module. The Company’s standard modules products are U-Charge XP Modules, U-Charge RT Modules and P40-24 Power Module. Its Battery Management Systems (BMS) products are U-Charge XP BMS Starter Kit and Discharge Indicator. Its Configuration & Monitoring products are U-Charge XP & P40-24 Modules Accessories and U-Charge RT Accessories.