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

AUSTIN, Texas–(BUSINESS WIRE)– Valence Technology, Inc. (NASDAQ: VLNC), an international manufacturer and supplier of lithium iron magnesium phosphate energy storage solutions, will release results after the close of U.S. financial markets on Feb. 9, 2010. Company management will conduct a conference call to discuss its fiscal 2010 third quarter financial results that afternoon 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 866-270-6057 and enter participant passcode 85333806 to participate. Callers outside the United States and Canada can dial 617-213-8891 and enter participant passcode 85333806 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 6:30 p.m. CST on Feb. 9, 2010, through 6:30 p.m. CST on Feb. 23, 2010. To access the replay, please dial 888-286-8010 and enter the following passcode 78143673. Callers outside the United States and Canada can access the replay by dialing 617-801-6888 and entering the passcode 78143673.

About Valence Technology, Inc.

Valence Technology, headquartered in Austin, Texas, is an international leader in the development of safe, long life lithium iron magnesium phosphate energy storage solutions. Valence Technology 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.