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

To: Pallisard who wrote (25601)	9/26/2002 1:08:32 PM
From: P. Ramamoorthy	Respond to of 27311

Refer to the last quarter conference call regarding N-Charge system problem and their proposed "containment plan". Today VLNC is letting us know that they have overcome this problem and they are going ahead with qualification. Ram biz.yahoo.com Press Release Source: Valence Technology Inc. Valence Technology Moves Forward With N-Charge Qualification Process Thursday September 26, 10:52 am ET AUSTIN, Texas--(BUSINESS WIRE)--Sept. 26, 2002--Valence Technology Inc. (Nasdaq:VLNC - News), a leader in the development and commercialization of Saphion(tm) technology and Lithium-ion polymer rechargeable batteries, today announced that it is moving forward with the N-Charge(tm) qualification process with leading notebook vendors as a result of validating its containment plan, previously discussed during the Company's first quarter conference call. "We are pleased with the progress we have made in the past few weeks," stated Stephan Godevais, chairman and CEO. "We are looking forward to continuing our engagement with Tier One notebook vendors." The N-Charge(tm) Power System is available from Valence's partners, including Tiger Direct, Datavision-Prologix and CSM Direct, as well as from the Company's online store at www.valence.com.