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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: geep who wrote (19580)	5/9/2000 8:54:00 AM
From: geep	Read Replies (1) \| Respond to of 27311

Original Moltech Order Anyone. What was the $ amount given for the original Moltech order? I can't find the PR. Thanks . Geep

To: geep who wrote (19580)	5/9/2000 9:16:00 AM
From: john t. brice	Read Replies (1) \| Respond to of 27311

geep> This PO seems to verify the belief that VLNC has not been the bottle neck, but that it has been G* who has been having start up problems. They sound capable of much larger volumes with multiple customers. duckster

To: geep who wrote (19580)	5/9/2000 9:50:00 AM
From: Chisy	Respond to of 27311

Here it is: Valence Receives Additional Order for Satellite Phone Batteries New Order AlmostDoubles Existing Order Tue May 09 08:00:00 EDT 2000 HENDERSON, Nev., May 9, 2000 /PRNewswire via COMTEX/ -- Valence Technology Inc. (Nasdaq: VLNC), a leader in the development and commercialization of lithium polymer rechargeable batteries, today announced that it has received a follow-on order for its Model 25A batteries from Moltech Power Systems. This order is the result of an additional order from Moltech's OEM customer who placed the initial order for this battery in October. This purchase order is conditioned upon negotiation of a formal contract and other customary conditions. In response to industry demand, Valence intends to increase its production of this size battery. A similar footprint, 25mm x 110mm is now being tested for use in various other applications, including mobile high-speed wireless data transmission. In order to rapidly ramp up production capacity for this customer, Valence is transferring production of the Model 25 cells onto one of its high-speed production lines at its Ireland facility. This will allow Valence to respond to potential increased demand for this footprint. Valence will receive additional payment directly from the OEM customer for certain Non Recurring Engineering costs which are associated with the tooling and re-allocation of production capacity. Lev Dawson, Chairman and CEO of Valence said, "We are pleased that Moltech and Valence have been chosen to continue to supply this important customer with the bulk of its needs for lithium polymer batteries." About Valence Technology Inc. With more than 400 battery patents awarded and pending, Valence is a leader in the development and commercialization of lithium polymer batteries. The company operates facilities in Henderson, Nev.; Seattle, Wash.; and Mallusk, Northern Ireland. It also has a 50% owned subsidiary, Hanil Valence, in South Korea. Valence is traded on the Nasdaq National Market under the symbol VLNC. Valence can be found on the Internet at valence.com . The information contained herein includes forward-looking statements that involve risks and uncertainties. In particular, the establishment, development and potential success of product development and production outcomes are subject to risks and uncertainties both within and outside Valence's control. These risk factors are described from time to time in Valence's SEC reports, including on Form 10-K for the years ended March 29, 1998 and March 28, 1999, to which readers are referred. SOURCE Valence Technology Inc. (C) 2000 PR Newswire. All rights reserved. prnewswire.com