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

To: hcirteg who wrote (25351)	2/14/2002 10:01:31 AM
From: kensusman	Respond to of 27311

Valence Technology Inc. and Wistron Inc. Sign Memorandum of Understanding February 14, 2002 09:30:00 (ET) AUSTIN, Texas, Feb 14, 2002 (BUSINESS WIRE) -- Valence Technology Inc. (VLNC, Trade), a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries, and Wistron Corporation, one of the largest global ODM/OEM suppliers for the PC industry, today announced that they have agreed upon a specification for a Saphion(tm) Lithium-ion technology power solution for a computing device to be manufactured by Wistron. The two companies signed a Memorandum of Understanding that establishes the companies' mutual intent to work together on the new mobile device. This product will be the first of its kind to include Valence's Saphion Lithium-ion technology. "After looking into a wide range of technologies, we decided that Valence's solution offers the optimal combination of features," stated Dixon Cheng, executive vice president of Wistron. "Our companies are breaking new ground by integrating the most advanced energy technology and a highly innovative handheld device." Stephan Godevais, president and chief executive officer of Valence Technology Inc., stated, "With their pioneering approach to this product design, Wistron continues to demonstrate industry leadership. This quality makes them a perfect partner for Valence, as both of our companies are aggressively driving progress in our respective domains." 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 U.S. The company has facilities in Austin, Texas, Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC and can be found on the Internet at www.valence.com. With a total of 8,400 employees and eight global operation sites, Wistron achieved US$3B in OEM business revenue last year, ranking the company as one of the top global ODM/OEM suppliers for the PC industry. Wistron works closely with other affiliated companies, such as Netxus Corp., NeWeb Corp., Softel Inc., AOpen Inc. and AnexTEK Global Inc. Wistron can be found on the Internet at www.wistron.com. 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. CONTACT: For Valence Technology Inc. Investor Contact: Hill & Knowlton Inc. Stacy Roughan, 323/966-5784 sroughan@hillandknowlton.com or Media Contact: Blanc & Otus Public Relations Sue Ellen Schaming, 415/856-5129 sschaming@blancandotus.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2002 Business Wire. All rights reserved.

To: hcirteg who wrote (25351)	2/14/2002 10:02:51 AM
From: kensusman	Read Replies (1) \| Respond to of 27311

Valence Technology Inc. and Acer Inc. Sign Memorandum of Understanding; Acer and Valence Agree Upon Design for Standalone Mobile Power System February 14, 2002 09:31:00 (ET) AUSTIN, Texas, Feb 14, 2002 (BUSINESS WIRE) -- Valence Technology Inc. (VLNC, Trade), a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries, and Acer Inc., one of the world's top 10 PC vendors, today announced that they have agreed upon a specification for a standalone mobile power system utilizing Valence's Saphion(tm) Lithium-ion technology. The two companies signed a Memorandum of Understanding to work together to introduce a commercial product with the agreed specification. The device will be compatible with a range of Acer's mobile devices and will be distributed by Acer under its company's brand. Stephan Godevais, president and CEO of Valence Technology Inc., stated, "Acer is on the cutting edge of mobile technology development. Their in-depth understanding of the underlying needs of mobile device users has contributed significantly to the differentiation and success of their innovative products." "Today, the features most important to our customers are mobility, performance and ease-of-use, and Valence's mobile power system with Saphion(tm) Lithium-ion technology incorporates all three," stated Jim Wong, president, IT products, business group for Acer Inc. "This system not only responds to a clear market need, it will significantly increase the benefits of portable electronic devices to their users." 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. The company has facilities in Austin, Texas, Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the symbol VLNC and can be found on the Internet at www.valence.com. Established in 1976, Acer is among the world's top 10 branded PC vendors. Acer employs marketing and service operations across Asia Pacific, Europe, the Middle East and the Americas, supporting dealers and distributors in more than 100 nations. In addition to offering a broad spectrum of IT products and computer peripherals, Acer is also a leading innovator of e-business, providing MegaMicro e-enabling solutions that combine IT products with a range of Micro services delivered via Acer's Mega infrastructure. For more information about Acer, please visit our Web site at www.acer.com. 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. CONTACT: For Valence Technology Inc. Media Contact: Blanc and Otus Public Relations Sue Ellen M. Schaming, 415/856-5129 sschaming@blancandotus.com or Investor Contact: Hill and Knowlton Inc. Stacy Roughan, 323/966-5784 sroughan@hillandknowlton.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2002 Business Wire. All rights reserved.