AUSTIN, Texas--(BUSINESS WIRE)--Valence Technology (NASDAQ: VLNC), the dynamic energy systems provider for e-Traction®, a leading European integrator of low-floor fleet buses, today announced its advanced batteries are on board Rotterdam’s first all-electric transit buses, the e-Traction® e-Busz®. The first two e-Busz® zero-emissions buses were officially transferred to the Rotterdamse Elektrische Tram (RET), Rotterdam’s public transportation authority, in a ceremony last week under the Erasmus Bridge in downtown Rotterdam.

“Once again, Valence’s leadership in advanced battery technology is making zero-emissions commercial fleet transportation possible,” said R.J. Adleman, Valence Technology’s Vice President of Sales and Marketing. “With our dynamic energy systems, e-Traction® was able to deliver a highly advanced, zero emissions bus that will greatly benefit the residents of Rotterdam by providing clean, green, quiet public transportation.”

The 384 volt all-electric e-Traction® e-Busz® is the latest evolution of e-Traction’s Whisper 2 model. Recharged by both regenerative braking while driving and plug-in power during off-duty hours, the patented Valence Technology U-Charge® batteries are designed to operate in fleet operations for 16 to 18 hours per day. With years of fleet operating experience Valence is quickly becoming the trusted standard for electric powered commercial fleets, providing the low-noise and pollution-free transportation commuters enjoy and the lower lifetime cost commercial fleet operators demand.

“Having experienced the e-Traction® bus firsthand in Rotterdam, it is evident these smooth, silent and environmentally friendly commercial buses will help reduce carbon emissions and provide Rotterdam residents with green and enjoyable transportation for years to come,” said Adleman.

Upon successful completion of in-service testing by RET, the city of Rotterdam is expected to purchase additional e-Busz® buses to integrate into its fleet of 238 diesel transit buses.

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 world’s 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. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements is whether the completion of in-service testing by RET will lead to any purchases of Valence’s energy storage solutions or the volume of purchases that e-Traction may purchase, if any. 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, 2010, 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6338930&lang=en