7-12-2012- Valence Technology Inc. (NASDAQ:VLNC) announced today that the company has filed for Chapter 11 bankruptcy protection. The company hopes that the bankruptcy will help fund operations while the battery making company restructures. Valence is hoping to focus mainly on its lithium phosphate markets, and complete restructuring by the end of this year.Trading Valence stock came to halt this morning, but shares are currently up 3.17%.