AUSTIN, Texas, July 16, 2012 (GLOBE NEWSWIRE) -- Valence Technology,
Inc. (the "Company") announced that the Company's common stock began
trading under the "VLNC" symbol on the OTCQB Marketplace following the
cessation of trading on the NASDAQ Stock Market ("NASDAQ"). Operated by
OTC Markets Group Inc., the OTCQB is a market tier for OTC traded
companies that are registered and reporting with the Securities and
Exchange Commission. The Company expects its common stock will continue
to trade under the "VLNC" symbol on the computerized OTCQB system.
Investors can obtain stock quotes for Valence Technology at
www.otcmarkets.com.

The transition to the OTCQB Marketplace comes after the Company's stock
was delisted from NASDAQ in connection with the Company's voluntary
filing for chapter 11 business reorganization on July 12, 2012.

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

Safe Harbor Statement

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among other things, statements regarding expecting our
common stock will continue to trade under the "VLNC" symbol on the
OTCQB. Our actual results could vary substantially from these
forward-looking statements as a result of a variety of factors
including: our ability to obtain the debtor in possession credit
facility and the terms and amount of any such facility; the impact of
the chapter 11 filing on our relationships with customers, vendors,
employees and creditors; the outcome of the chapter 11 process
including the court rulings and discussions with creditors; our ability
to continue to file reports with the SEC which is a necessary condition
for our stock to continue to trade on the OTCQB; and the outcome of any
current or future litigation regarding intellectual property, creditors
or other matters and general economic conditions. These and other risk
factors that could affect our actual results are discussed in our
periodic reports filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the fiscal year ended
March 31 and subsequent Quarterly Reports on Form 10-Q and other
documents filed with the Securities Exchange Commission. The reader is
directed to these statements for a further discussion of important
factors that could cause our actual results to differ materially from
those in our forward-looking statements. We disclaim any intent or
obligation to update these forward-looking statements.


CONTACT: Bob Gray
         Valence Technology, Inc.
         512.527.2921
         investor@valence.com