AUSTIN, Texas--(BUSINESS WIRE)--Valence Technology, Inc. (NASDAQ: VLNC) today announced their role in creating the advanced battery system powering the revolutionary Scrub N Go™ Cordless Floor Scrubber. Ecolab and Tennant Company, partners in the product’s design and manufacturing, are being honored with a 2010 Kitchen Innovations Award by the National Restaurant Association (NRA) at the upcoming NRA Show 2010 in Chicago, Illinois.

“From floor scrubbers to medical carts to fork lifts and beyond, with Valence Technology the possibilities of revolutionary new devices that will enhance our daily lives are nearly endless. The Scrub N Go™ Cordless Floor Scrubber joins a growing list of greener, safer, more efficient, and more cost effective products powered by Valence’s enabling lithium phosphate technology,” said Valence Technology Vice President of Sales & Marketing, RJ Adleman. “We see great market potential in the industrial sector for our technology as manufacturers look for ways to improve the design and functionality of their products.”

As advanced batteries continue to gain acceptance in the global marketplace, Adleman believes we will soon see more household and industrial products that are no longer limited by the length of the cord or the weight, failure rates or unpredictable traits of traditional lead-acid and other non-lithium batteries.

“On a smaller scale, just look at the evolution of handheld cordless devices such as cell phones, laptops and power tools. Users are no longer restricted by proximity to the nearest electrical outlet and these devices are more portable and functional than ever before,” said Adleman. “With large-format applications, where Valence Technology places its focus, there are thousands of products that could benefit from Valence Technology’s dynamic energy systems to enable, longer-lasting and more environmentally-friendly operation.”

Scrub N Go™ Cordless Floor Scrubber Wins 2010 Kitchen Innovations Award

Each year the NRA selects the most groundbreaking equipment in the global foodservice market to be honored with the prestigious Kitchen Innovations Award. According to the NRA, an emphasis was placed this year on products that increase productivity, safety, cost-efficiency and environmental sustainability.

The revolutionary Scrub N Go™ Cordless Floor Scrubber, designed for use in the quick service restaurant industry, cleans, scrubs, vacuums and dries in one motion, delivering a 63% time savings versus the traditional mop and bucket (based on Official ISSA 447 Cleaning Times). Enabled by a Valence Technology advanced battery bank, the compact, cordless design is lighter, easier to maneuver and runs significantly longer on a single charge than its lead-acid predecessors. And since the Scrub N Go™ Cordless Floor Scrubber leaves floors dry within seconds, quick service restaurants are able to clean floors safer and faster than ever before.

“Evidenced by winning the NRA’s prestigious Kitchen Innovations Award, Ecolab’s Scrub N Go™ Cordless Floor Scrubber is a testament to Valence’s enabling battery technology,” said Adleman. “This level of performance simply could not be achieved with lead-acid batteries or plug-in power.”

In October 2009, Valence Technology signed a two-year supply agreement with Tennant Company to provide advanced battery systems for their cordless floor scrubber products.

About Valence Technology, Inc.

Valence Technology is a global leader in the development of safe, long-life lithium iron magnesium phosphate energy storage solutions and provides the enabling technology behind some of the worlds most innovative and environmentally friendly applications. 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 Technology is strategically aligned by five business segments: Motive, Marine, Stationary, Industrial and Military. In addition to the corporate headquarters in Texas, Valence Technology has its Research & Development Center in Nevada, its Europe/ Asia Pacific Sales office in Northern Ireland and global fulfillment centers in North America and Europe. Valence Technology 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, 2009, 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
investor@valence.com
or
PR Contact:
Allyn Media
Kyle Tarrance, 214-871-7723
ktarrance@allynmedia.com