"Growing acceptance of our safe lithium phosphate energy storage solutions across industrial applications reflects the performance, reliability, flexibility and immediate availability of our family of U-Charge(R) XP systems," said Robert L. Kanode, president and CEO of Valence Technology. "We are pleased to announce this supply agreement as it reflects the hard work and collaboration of both the Tennant and Valence Technology teams. This partnership with Tennant epitomizes our approach to work with our customers from initial introduction to final adoption and educate customers on the benefits of our technology over traditional lead acid batteries."

"In the past, larger and heavier power solutions have limited the ability to develop smaller scrubber solutions capable of replacing the 'mop and bucket' method of cleaning," said Steve Ulvi, VP for Global Sourcing of Tennant Company. "Valence Technology has removed this barrier by creating a smaller, lighter lithium phosphate battery. As a result, Tennant has been able to leverage Valence's leading-edge technology to build a smaller, more versatile floor scrubber. We are excited to collaborate with a company committed to creating innovative solutions to solve real-world customer challenges."

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 phosphate battery. 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 the United States Valence Technology has facilities in Austin, Nevada, China and Northern Ireland. Valence Technology is traded on the NASDAQ Capital Market under the ticker symbol VLNC. For more information, visit www.valence.com.

About Tennant Company

Minneapolis-based Tennant Company (NYSE: TNC) is a world leader in designing, manufacturing and marketing solutions that help create a cleaner, safer world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; and specialty surface coatings for protecting, repairing and upgrading concrete floors. Tennant's global field service network is the most extensive in the industry. Tennant has manufacturing operations in Minneapolis, MN.; Holland, MI.; Uden, The Netherlands; the United Kingdom; Sao Paulo, Brazil; and Shanghai, China; and sells products directly in 15 countries and through distributors in more than 80 countries. For more information, visit www.tennantco.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 including the quantity of batteries purchased under the supply agreement. 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.

SOURCE: Valence Technology, Inc.

Valence Technology IR Contact: 
Pierpont Investor Relations 
A. Pierre Dubois, 512-527-2921 
investor@valence.com 
or 
Valence Technology PR Contact: 
Allyn Media 
Kyle Tarrance, 214-871-7723 
ktarrance@allynmedia.com 
or 
Tennant Company PR Contact 
Kathryn Lovik, 763-540-1212 
Director of Communications 
kathryn.lovik@tennantco.com

Expected next dividend:
Dividend Announcement Date: 8/19/2009
Dividend Record Date: 8/31/2009
Dividend Pay Date: 9/15/2009
Dividend Amount: 0.13

"The Tennant Company has involved ABM in several of its high profile and pivotal technology developments for the cleaning industry and has demonstrated through its actions that ABM is an important partner," said John Bierer, vice president, ABM Janitorial Services. "Tennant works hard to bring benefits and results to our customers."

Bierer went on to say that the annual award is given to an ABM business partner that "steps out-of-the-box" in seeking new ways to solve issues within the cleaning industry. He cited the two companies' work together to initiate LEED certification, a key measure of environmental sustainability, for cleaning machines. Tennant and ABM also created customized training programs for ABM staff.

"For us at Tennant Company receiving this prestigious award from ABM validates our commitment to improving processes that allow our partners to secure more business within the cleaning industry. We are honored by ABM's selection of Tennant Company as its Manufacturer of the Year and will continue to work with ABM on creating innovative technologies to help our customers improve the way they do their jobs", said Lisa Blocher, general manager for Strategic Accounts at Tennant.

"Tennant exemplifies a commitment to service and excellence which parallels ABM's focus on delivering high-quality services to its customers, said Bierer. We are pleased to recognize Tennant's outstanding efforts in contributing to the success of ABM and the cleaning industry."

The Manufacturer of the Year award is presented annually by ABM which is celebrating its 100th year in business. ABM is the premier provider of building maintenance and facility services across the U.S. and offers customized solutions to meet the cleaning needs of customers.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

"Ensuring customer and employee safety is an ongoing priority for restaurant operators because injuries due to slippery floors are both common and costly," said Martin Juhn, vice president and general manager of Ecolab's Quick Service business. "Our Scrub-N-Go Floor Scrubber, when combined with our on-site customer training and our innovative products, helps businesses save money and prevents those accidents by leaving floors cleaner and drier in less time than traditional mop-and-bucket cleaning. It's a great addition to our complete offering of premium cleaning and sanitizing products, services and training programs for quick service restaurants."

"With Ecolab's cleaning expertise within the restaurant industry, and Tennant's ability to design and manufacture high-quality floor maintenance equipment, this partnership has enabled us to address a real need in the industry - to clean floors quickly and safely," said Andy Eckert, vice president for North America at Tennant.

Ecolab Inc. is a global company focusing on cleaning, sanitizing, food safety and infection prevention products and services.

Tennant Company is a company designing, manufacturing and marketing solutions that help create a cleaner, safer world.

((Comments on this story may be sent to newsdesk@closeupmedia.com))