VLNC: Valence Technology, Inc.(fka VLNCQ)

[da_cheif]

(BSNS WIRE) Valence Technology, Inc. Provides Interim Update and Sets Conferece Call Date to Discuss Its Fiscal 2008 and Fourth Qu
AUSTIN, Texas--(BUSINESS WIRE)----

Valence Technology, Inc. (NASDAQ: VLNC), a provider of advanced
lithium phosphate rechargeable batteries, said today it will conduct a
conference call to discuss its fiscal 2008 and fourth quarter
financial results starting at 3:00 p.m. EDT (2:00 p.m. CDT) on
Thursday, June 5, 2008.

During the call, Robert L. Kanode, president and CEO, and Galen
Fischer, chief financial officer, will review financial results and
business operations, including progress in the European electric
vehicle (EV) market and the previously announced expansion of
manufacturing capacity to meet anticipated demand.

"We continue to work diligently to fulfill customer orders and
expand our client base both in Europe and the United States," said Mr.
Kanode. "During our fiscal fourth quarter ended March 31, 2008, we
began shipping battery packs to Smith Electric Vehicles for its Edison
and Newton electric delivery vehicles. We are continuing the expansion
of our manufacturing capacity to fulfill the needs of Smith and
others. Smith's projection to build 2,500 Edison and Newton vehicles
during the period ending March 31, 2009 will result in $70 million of
revenue for Valence. We believe the success we are experiencing
through our agreement with Smith to provide safe lithium phosphate
energy power solutions will serve to expand our client base in the
renewable, clean energy markets."

Conference Call Details

The conference call will be webcast starting at 3:00 p.m. EDT
(2:00 p.m. CDT) on June 5, 2008 and may be accessed by all interested
parties at www.valence.com. 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 (888)
213-3752 and enter conference identification number 1222409 to
participate. Callers outside the United States and Canada can dial
[phone] and enter conference identification number 1222409.

A telephonic replay will be available from 5:00 p.m. CDT on June
5, 2008 through 5:00 p.m. CDT on June 12, 2008. To access the replay,
please dial [phone] and enter the following identification
number 1222409. In addition, a replay of the webcast will be available
on the company's Web site at www.valence.com.