Valence Technology, Inc. Announces Release Date and Conference Call Information for its Fiscal Year 2010 Second Quarter Financial Results

AUSTIN, Texas--Valence Technology, Inc. , an international manufacturer and supplier of lithium iron magnesium phosphate energy storage solutions, will release fiscal 2010 second quarter results after the close of financial markets on Nov. 4, 2009. Company management will then conduct a conference call to discuss financial results and provide an update on operations at 3:30 p.m. CST (4:30 p.m. EST).

A live webcast of the conference call can be accessed by visiting Valence's Web site at www.valence.com and clicking on the following links: Investor Relations - Events & Presentations. To access the webcast, please go to this Web site approximately fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

Those callers within the United States and Canada can dial 800-259-0251 and enter participant passcode 43519490 to participate. Callers outside the United States and Canada can dial 617-614-3671 and enter participant passcode 43519490 to participate.

A replay of the webcast will be available on the company's Web site at www.valence.com. A telephonic replay will also be available from 5:30 p.m. CST on Nov. 4, 2009, through 5:30 p.m. CST on Nov. 11, 2009. To access the replay, please dial 888-286-8010 and enter the following passcode 44154691. Callers outside the United States and Canada can access the replay by dialing 617-801-6888 and entering the passcode 44154691.

About Valence Technology, Inc.

Valence Technology is an international leader in the development of lithium iron magnesium phosphate energy storage solutions. The company has redefined lithium battery technology and performance by marketing the industry’s first safe, reliable and rechargeable lithium iron magnesium phosphate battery. Founded in 1989, Valence today offers a proven technology and manufacturing infrastructure that delivers ISO-certified products and processes that are protected by an extensive global patent portfolio. Headquartered in Austin, Texas, Valence has facilities in Nevada, China and Northern Ireland. Valence is traded on the NASDAQ Capital Market under the ticker symbol VLNC. For more information, visit www.valence.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary substantially from these forward-looking statements as a result of a variety of factors. The risk factors that could affect actual results are discussed in our periodic reports filed with the Securities and Exchange Commission, including our Report on Form 10-K for the year ended March 31, 2009, and the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.