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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jacques Tenzel who wrote (25193)1/22/2002 10:32:05 AM
From: Jacques Tenzel  Read Replies (1) of 27311
 
January 22, 2002 09:31

Valence Technology Announces Third Quarter 2002 Release Date

AUSTIN, Texas--(BUSINESS WIRE)--Jan. 22, 2002--Valence
Technology Inc. (Nasdaq:VLNC), a leader in the development and
commercialization of Lithium-ion polymer rechargeable batteries,
today announced that it will release its third quarter 2002 operating
results after the market closes on Thursday, Feb. 14, 2002.

The company announced that it will conduct a conference call to
discuss the results and to provide a comprehensive progress report
on its key milestones. The call will be held on Feb. 14, 2002, at 5:00
p.m. EDT (2:00 p.m. PDT). The broadcast will be hosted on the
company's Web site located at www.valence.com.

Participants should allow approximately 15 minutes prior to the call's
start time to visit the site and download any streaming media
software needed to listen to the Internet broadcast. An online
archive of the broadcast will be available approximately four hours
following the live call and will remain available for 30 days.

About Valence Technology Inc.

Valence is a leader in the development and commercialization of
Lithium-ion polymer rechargeable batteries. Valence has more than
790 issued and pending patents worldwide, including 284 issued in
the United States. Valence operates facilities in Austin, Texas,
Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded
on the Nasdaq National Market under the symbol VLNC. Valence
can be found on the Internet at www.valence.com.

Forward-Looking Statements

The information contained herein includes "forward-looking
statements." The company cautions readers not to put undue
reliance on forward-looking statements. Such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and actual results may differ materially from
those described herein, for the reasons, among others, discussed in
our reports filed with the Securities and Exchange Commission.
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