To: hcirteg who wrote (25852 ) 2/10/2003 11:46:56 AM From: P. Ramamoorthy Read Replies (1) | Respond to of 27311 Today's news! Assume that this is the product to be tested and co-developed with TYCO Electronics this quarter for telecom backup power systems. Ram Press Release Source: Valence Technology Inc. Valence to Unveil Back-Up Power Solution At Demo 2003 Monday February 10, 9:31 am ET AUSTIN, Texas--(BUSINESS WIRE)--Feb. 10, 2003--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 has been selected to introduce its new back-up power solution at DEMO 2003. The product, designed for large format applications, is the latest to utilize Valence's Saphion(TM) lithium-ion technology. DEMO is a premier product launch and business development conference reserved for the leading high-tech industry media. It has served as the launch pad for innovative products from many recognized industry leaders, including Palm, E*Trade and others. WHEN: February 17, 2003 (8:30am-7:00pm) February 18, 2003 (8:30am- 4:30pm) WHERE: The Westin Kierland Resort & Spa Scottsdale, Arizona 85254 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. About DEMO 2003 The annual DEMO conference focuses on emerging technologies and new products, which are hand-selected by executive producer Chris Shipley from across the spectrum of the personal technology marketplace. Top executives from the leading hardware and software technology companies, venture capitalists, journalists from key industry publications and industry analysts attend the DEMO conference to preview the most promising products and technologies for the coming year. DEMO is held in February each year and features approximately 60 new companies, products and technologies. For more information, visit idgef.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: Blanc and Otus Public Relations Media: Sue Ellen M. Schaming, 415/856-5129 sschaming@blancandotus.com or Valence Technology Inc. Investors: Kevin Mischnick, 512/527-2900 kevin.mischnick@valence.com Source: Valence Technology Inc.