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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1047)	4/19/2001 7:33:56 AM
From: Chisy	Read Replies (1) \| Respond to of 8150

Well, look at dis: Valence Technology Receives Initial Orders for New Model C59 BatteryNew Batteries Ideal for PDAs and Comparable-Sized Applications HENDERSON, Nev., Apr 19, 2001 /PRNewswire via COMTEX/ -- Valence Technology, Inc. (Nasdaq: VLNC), a leader in the development and commercialization of lithium- ion polymer rechargeable batteries, today announced that it has received orders from two new customers for its recently launched Model C59 batteries. The batteries, which are ideal for use in low profile, high-energy, wireless devices, will be used to power PDAs and wireless modems. Due to competitive reasons, the names of the two customers were not disclosed. "The interest in our recently launched Model C59 batteries highlights the battery's superior performance and unique capabilities for devices such as PDAs and wireless modems," said Michael Mahan, Senior Vice President of Marketing & Sales and Licensing. "The markets for these devices are substantial and are expected to continue their robust growth in the years ahead. We believe our Model C59 battery's unique characteristics, such as compact size, low weight and high energy density, will provide Valence with a significant competitive advantage to develop these markets." About Valence Technology, Inc. Valence is the leader in the design, manufacture and marketing of rechargeable lithium-ion polymer batteries. In December 2000, Valence acquired Telcordia Technologies Inc.'s remaining patents in lithium-ion polymer battery technology. Valence operates facilities in Henderson, Nevada and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC. Valence can be found on the Internet at http://<a href=/">http://www.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. Among the factors that could cause actual results to differ are the ability of Valence to integrate licensing into its operations, including the management of the existing Telcordia licenses. These risk factors are described from time to time in Valence's SEC reports, including on Form 10-K for the year ended March 31, 2000 and on Form l0-Q for the quarters ended June 30, 2000, September 30, 2000 and December 31, 2000 to which readers are referred. SOURCE Valence Technology, Inc. CONTACT: Lev Dawson, Chairman and Chief Executive Officer of Valence Technology, 702-558-1000; or General, Daniel Saks, or Analyst, Lisa Mueller, both of The Financial Relations Board, 310-442-0599 URL: valence.com prnewswire.com (C) 2001 PR Newswire. All rights reserved. -0-