VLNC Valence Technology, Inc. (MM)

Valence Technology, Inc. (NASDAQ:VLNC), provider of Saphion(R) technology, the industry's first commercially available, safe, large-format lithium-ion rechargeable battery technology, will conduct its fiscal 2007 first quarter earnings conference call on August 15, 2006 at 3:00 p.m. Central Daylight Time (CDT). To access the webcast, please log on to www.valence.com and go to Investors and then to Calendar. To listen to the live 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. For those unable to participate during the live webcast, a replay will be available shortly after the call on the web site for 30 days. To participate in the conference call by telephone, please call 800-946-0742 at approximately 2:45 p.m. CDT. Please provide the following ID Number: 7449250. A telephonic replay will be available from 5:00 p.m. CDT on Tuesday, August 15, 2006 through 11:59 p.m. CDT on Monday, August 21. To access the replay, please call 888-203-1112. Please enter the following ID Number: 7449250. About Valence Technology, Inc. Valence Technology develops and markets intelligent battery systems based on its Saphion(R) technology, the industry's first commercially available, safe, large-format Lithium-ion rechargeable battery technology. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its Saphion technology and lithium-ion rechargeable batteries. The company has facilities in Austin, Texas, Las Vegas, Nevada, and Suzhou, China. Valence Technology is traded on the NASDAQ Capital Market under the symbol VLNC and can be found on the Internet at www.valence.com.