Valence Congratulates GM and Segway on PUMA

Valence is Proud to Provide Rechargeable Batteries That Power General Motors`
and Segway`s New Prototype PUMA, or Personal Urban Mobility and Accessibility
Vehicle
AUSTIN, Texas--(Business Wire)--
Valence Technology, Inc. (NASDAQ: VLNC), a U.S.-based manufacturer and supplier
of lithium iron magnesium phosphate energy storage solutions, today
congratulated General Motors and long-time customer Segway on their new personal
urban mobility and accessibility vehicle (PUMA) prototype revealed in New York
this morning.

"Congratulations to General Motors and Segway on the innovative PUMA. GM has
found an excellent partner in Segway, which we know because our batteries have
powered Segway for about three years and we are proud to be the battery supplier
for the PUMA prototype," said Robert L. Kanode, President and CEO of Valence.
"As an industry leader we are well positioned to provide rechargeable batteries
to power the PUMA. This is another example of how innovating to meet the need of
energy independence can improve the way we live our lives."

Since 2005 Valence has shipped more than 70 megawatt-hours of energy, or the
equivalent of 3,600 electric cars. Valence energy storage solutions can be found
in products from Brammo (electric motorcycle), Smith Electric (delivery
vehicles), Segway (personal transporters) and PVI (commercial electric trucks in
partnership with Renault Trucks).

About Valence Technology, Inc. Valence Technology is an international leader in
the development of lithium 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, 2008, 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.

IR Contact:
Pierpont Investor Relations
A. Pierre Dubois, 512-527-2921
or
PR Contact:
Allyn & Company
Kyle Tarrance, 214-871-7723

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