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

To: geep who wrote (25770)	12/10/2002 9:38:17 AM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Valence Signs Vendor Agreement with CDW; Valence Expands Distribution Network for N-Charge Power System Business Wire - December 10, 2002 09:30 AUSTIN, Texas--(BUSINESS WIRE)--Dec. 10, 2002--Valence Technology, Inc. (Nasdaq: VLNC), a leader in the development and commercialization of Saphion(TM) technology and Lithium-ion polymer rechargeable batteries today announced that it has signed a vendor agreement for the distribution of the N-Charge(TM) Power System with CDW (Nasdaq: CDWC), a leading provider of technology solutions nationwide. "CDW is one of the top providers of technology solutions for the markets we serve," stated Stephan Godevais, chairman and chief executive officer of Valence. "CDW's integration capabilities make it the perfect partner for us as we expand the coverage for our N-Charge system." The N-Charge system currently is available via phone through CDW's account managers and will be available via CDW's website at www.cdw.com. About Valence Technology, Inc. Valence is a leader in the development and commercialization of Saphion(TM) technology and Lithium-ion polymer rechargeable batteries. Valence has more than 722 issued and pending patents worldwide, including 254 issued in the U.S. The company has facilities in Austin, Texas, Henderson, Nevada and Mallusk, Northern Ireland. Valence is traded on the Nasdaq SmallCap Market under the symbol VLNC and can be found on the Internet at www.valence.com. Forward-looking Statement 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: Valence Technology Inc., Austin Investor Contact: Kevin Mischnick, 512/527-2900 or Blanc and Otus Public Relations Media Contact: Sue Ellen M. Schaming, 415/856-5129 sschaming@blancandotus.com