Valence Tech Rises 9.5% After Winning Patent Infringement Su

Financial News Network
February 17, 2011 AT 9:05 PM
Valence Technology (VLNC) is up after it says it won a patent infringement lawsuit in Canada regarding the company's carbothermal reduction technology. VLNC is is entitled to an injunction, an election of either an accounting of profits or damages, reasonable compensation and costs. The determination of damages and costs will be dealt with in a separate Court proceeding, it said.