Taxi Driver Online

Valence Technology Ready To Power Mercedes Taxi Fleet
The Plug-in Electric Mercedes eVito Taxi Prototype Utilizes Valence Technology to Carry Six People 120 Miles on a Single Charge and a Fleet Can Be on the Road in Time for the 2012 London Olympic Games


Valence Technology today announced it is pleased to provide the safe lithium phosphate energy storage systems for the new plug-in electric Mercedes eVito Taxi. This prototype is a tailpipe-free cab designed to fulfill the zero pollution vision of London mayor Boris Johnson. Road testing will begin immediately to customize the vehicle for specific London taxi driving requirements. For taxi use, the top speed of 75 miles per hour may be reduced and regenerative braking optimized, increasing the projected range beyond 120 miles.

A consortium, involving Mercedes-Benz UK and Zytek Automotive Technology has utilized Valence's dynamic energy system to develop a tailpipe-free taxi. The goal of the consortium is to deliver a pollution-free fleet of taxis in time for the 2012 London Olympic Games.




"This is a real game-changer for fleet vehicles," said Robert L. Kanode, President & CEO, Valence Technology. "Valence has been transporting Londoners for over 4 years in double deck hybrid buses. The eVito Taxi is a logical next step for the city, and Valence is ready to immediately fulfill Mercedes' high volume energy storage needs with our proven, safe lithium phosphate technology. We are confident the eVito test will demonstrate the same outstanding performance we have consistently delivered in Valence powered electric vehicle fleets on the road today."

About the Mercedes eVito Taxi.

The Mercedes eVito Taxi features a 35kWh Valence Technology lithium iron magnesium phosphate intelligent battery system and a 70kW Zytek electric drive train. The conversion from the Mercedes Vito IC to a zero emissions EV has left the internal space of the taxi unaffected leaving plenty of luggage and passenger space. The project partners converted the Mercedes Vito to a fully electric taxi (the eVito) to fully comply with the demanding requirements of the London Carriage Office to be classified as a London Taxi.

About Valence Technology, Inc.

Valence Technology is an international leader in the development of safe, long-life lithium iron magnesium phosphate energy storage solutions and provides the enabling technology behind some of the world's most innovative and environmentally friendly applications. Founded in 1989, Valence today offers a proven technology and manufacturing infrastructure that delivers ISO-certified products and processes that are protected by an extensive global patent portfolio. Headquartered in Austin, Texas, Valence Technology is strategically aligned by five business segments: Motive, Marine, Stationary, Industrial and Military. In addition to the corporate headquarters in Texas, Valence Technology has its Research & Development Center in Nevada, its Europe/Asia Pacific Sales office in Northern Ireland and global fulfillment centers in North America and Europe. Valence Technology is traded on the NASDAQ Capital Market under the ticker symbol VLNC. For more information, visit www.valence.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary substantially from these forward-looking statements as a result of a variety of factors. The risk factors that could affect actual results are discussed in our periodic reports filed with the Securities and Exchange Commission, including our Report on Form 10-K for the year ended March 31, 2009, and the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.

http://www.marketwatch.com/story/valenc ... _news_stmp

Not sure that's going to be long enough.

10 out of 10 for effort, but for attainment ?????

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IDFIMH

I wonder what you would do if the job was going 55 miles.It would be like playing a game of heads and tails, heads i make it back and tails i am up shxt creek.

How long is the recharge time as well I could see one of these struggling to operate for more than a few hours a day very difficult to recoup the investment

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The Goverment can play as green as they like..but truth is the technology of today just isnt up to the job...its Gimmickry over reality!! wont be worth a fig for Decades yet.

We haven't got decades the taxi industry will have to lose its dependance on fossil fuel or we won't be able to operate at affordable rates

Back to Horse and carriage maybe.....I'll go and Halter up Old Dobbin now...Tchkk Tchkk..here Dobbin..Heres a carrot..now giddyup old boy....Clippity Clop..Clippity clop...Clippity Clop..

Were All doomed...

Where do you plug the extension in when your miles away
They will need dedicated ranks with charging points

And heaps of electricity....not much fear of that when they shut down our coal fired power stations to appease the EU...

You got wind power.....skippy should be self sufficient

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

But what if he goes away on holidays....

I eat extra beans lol

try using a pipe and bag to capture it skippy you can run engines on methane !

Is'nt that a by product derived from Bull**** ?