The NASDAQ Stock Market® (Nasdaq:NDAQ) announced today that the trading halt status in Valence Technology, Inc. (Nasdaq:VLNC) was changed to "additional information requested" from the company. Trading in the company's stock had been halted on July 12, 2012 at 8:52:14 a.m. Eastern Time for "news pending" at a last sale price of $0.65. Trading will remain halted until Valence Technology, Inc. has fully satisfied NASDAQ's request for additional information.

For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the NASDAQ Web site.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com.

NDAQO

CONTACT: Media Contact:  Wayne Lee
         +1.301.978.4850
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