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Valence, Tyco enter electronics power systems deal

Posted: 18 Jun 2004 ?? ?Print Version ?Bookmark and Share

Keywords:k-charge? power system? saphion? telecommunications? elite rk?

Valence Technology Inc. has granted Tyco Electronics Power Systems Inc. the exclusive right to resell Valence's K-Charge power system, a Saphion technology based back-up power solution, to Tyco Electronics' telecommunications and utility customers. The K-Charge system will be privately labeled for Tyco Electronics and marketed by Tyco Electronics under its company's brand, ELiTE RK.

Under the terms of the agreement, Tyco Electronics will purchase privately labeled back-up power systems from Valence for resale to telecommunications and utility customers worldwide. Valence granted Tyco Electronics the exclusive right to resell the K-Charge power system in the utility and telecommunications markets for a period of three years. Tyco Electronics' obligation under the agreement is conditioned upon the product meeting specified acceptance criteria, and Tyco Electronics' right to exclusivity is contingent upon Tyco Electronics achieving specified quarterly volume targets.

Additionally, under the agreement, sales and marketing, technical assistance and customer support functions will be provided by Tyco Electronics.

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