Thursday, December 18, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 



Valence Tech bouncing back after bankruptcy

  • Text size: + -
TWC News: Valence Tech bouncing back after bankruptcy
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

Local battery maker Valence Technology has had a rocky road management-wise, with a seeming revolving door of CEOs.

However, Austin Business Journal Editor Colin Pope said the company may be bouncing back since filing for Chapter 11 bankruptcy a few months ago. A California lender by the name of GemCap has offered the group a $10 million loan.

All that is left is for the judge to give the go-ahead. It’s good news for the company, who luckily hasn’t scaled back production or let employees go.

Find out more in this edition of “Business Now” in the video above. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP