To: Jacques Tenzel who wrote (25193 ) 1/22/2002 10:32:05 AM From: Jacques Tenzel Read Replies (1) | Respond to 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.