VLNC Valence Technology, Inc. (MM)

Valence Technology, Inc. (Nasdaq:VLNC), a leading U.S.-based global manufacturer of advanced energy storage solutions, will release its fourth quarter and fiscal year 2012 financial results after the market closes on May 23, 2012. Company management will conduct a conference call that day at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results.

Those callers within the United States and Canada can dial (877) 375-1350 to participate. Callers outside the United States and Canada can dial (253) 237-1153. No passcode is required.

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

A replay of the webcast will be available on the company's website at www.valence.com. A telephonic replay will also be available from 6:30 p.m. CT on May 23, 2012, through 6:30 p.m. CT on June 23, 2012. To access the replay, please dial (855) 859-2056 and enter conference passcode 77459915. Callers outside the United States and Canada can access the replay by dialing (404) 537-3406 and entering the conference passcode mentioned above.

About Valence Technology, Inc.:

Valence Technology is a global leader in the development and manufacture of safe, long-life lithium iron magnesium phosphate advanced energy storage solutions and integrated command and control logic. Headquartered in Austin, Texas, Valence enables and powers some of the world's most innovative and environmentally friendly applications, ranging from commercial electric vehicles to industrial and marine equipment. Valence Technology today offers a proven technology and manufacturing infrastructure that delivers ISO-certified products and processes that are protected by an extensive global patent portfolio. In addition to the corporate headquarters in Texas, Valence Technology has its Research & Development Center in Nevada, its Europe/Asia Pacific Sales office in Northern Ireland, manufacturing facilities in China, and global fulfillment centers in North America and Europe. Valence Technology is traded on the NASDAQ Capital Market under the ticker symbol "VLNC." For more information, visit www.valence.com.

The Valence Technology, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10210

CONTACT: IR Contact:
         Bob Gray
         Valence Technology, Inc.
         512.527.2921
         investor@valence.com
         
         PR Contact:
         Jeff Fox
         The Blueshirt Group
         415.828.8298
         jeff@blueshirtgroup.com