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VALENCE TECHNOLOGY ANNOUNCES DIRECTOR RESIGNATION

 SAN JOSE, Calif., July 2 /PRNewswire/ -- Valence Technology Inc. (NASDAQ-NMS: VLNC), a research and development company in leading edge rechargeable battery technologies, announced today that it has accepted the resignation of Bert C. Roberts Jr. from the board of directors.
 In his resignation letter to the board, Roberts, chairman and chief executive officer of MCI Communications Corp., said that his decision to leave the board was due to anticipated, extensive demands on his time from the recently announced alliance between MCI and British Telecommunications PLC. "Clearly during the next many months and years of growth by Valence, significant board involvement will be required and it would be unfair for me to stay active on the Valence Board based on my own time commitments," he said. "I think Valence has gotten off to an excellent beginning during its formative stages and I wish the company the best of success," he concluded. Roberts joined the Valence board in March 1992.
 Valence Technology Inc. is engaged in research and development to produce advanced rechargeable batteries based on lithium and polymer technologies. The company believes that its lithium polymer batteries, when commercially introduced, will offer superior performance characteristics -- such as longer operating life, reduced size and weight, and significantly improved recharge characteristics -- to those batteries currently in commercial use. Valence Technology believes that its lithium polymer batteries offer the greatest applications in a number of electronic consumer products, such as portable computers, cellular telephones, camcorders and hand-held tools, as well as automotive applications, including electric vehicles.
 Valence is traded on the NASDAQ National Market System under the symbol VLNC.
 -0- 7/2/93
 /NOTE TO EDITORS: Receive the latest information about Valence via FAX, no cost. 1-800-PRO-INFO, code 137./
 /CONTACT: Christine Russell of Valence Technology, 408-365-6125; or Elizabeth Truax of the Financial Relations Board San Francisco, 415-986-1591, for Valence Technology/
 (VLNC)


CO: Valence Technology Inc. ST: California IN: SU: PER

TM -- SF005 -- 8257 07/02/93 16:00 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
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