VLNC Valence Technology, Inc. (MM)

Mobility Electronics Signs License and Purchasing Agreement With Valence Technology New Products to Leverage Mobility's Power Technology and Intellectual Property SCOTTSDALE, Ariz., Dec. 3 /PRNewswire-FirstCall/ -- Mobility Electronics, Inc. , a leading provider of innovative portable computing solutions for the mobile electronics device user, and Valence Technology, Inc. , a leader in the development and commercialization of Saphion(R) technology, a safer Lithium-ion rechargeable battery technology, today announced an agreement to integrate their technologies to market a family of universal batteries for electronic devices based on Valence's Saphion technology and Mobility's power technology and intellectual property. The universal batteries developed under this agreement will enable electronic device users to purchase only one battery that can be used to power virtually all portable computers, cell phones, PDAs, digital cameras, and other electronic devices. The universal batteries will connect to the electronic device through a thin cable (Mobility's peripheral powering system) and interchangeable intelligent tips. "Valence's Saphion technology has enabled the development of safe, environmentally friendly solutions which meet the needs of today's new mobility," stated Charlie Mollo, CEO of Mobility Electronics. "We are eager to enter the universal battery market and look forward to doing so with the Valence team." Following is an overview of the scope of this agreement: -- Mobility has agreed to provide engineering assistance to Valence for the integration of Mobility's line of intelligent tips into the design of the universal batteries. -- Valence will purchase intelligent tips and related peripheral powering system (PPS) products, as needed, from Mobility for the universal batteries that it manufactures. -- Mobility will also serve as a distributor of the new line of universal batteries through its various distribution channels. Saphion technology, developed by Valence, features enhanced safety, high performance, and environmentally friendly batteries with a long life and low cost. The Saphion technology has proven its functionality in the N-Charge(TM) Power System, an ideal solution for the frequent traveler and vertical markets that require all day power, such as classrooms and hospitals. "We continuously strive to bring our customers safe technology in powerful products that meet the increasing demand for mobility," stated Stephan Godevais, chairman and CEO of Valence. "The versatility and flexibility of Mobility's highly differentiated technology will allow our products to power a wide variety of mobile devices from digital cameras to notebook PCs." About Valence Technology, Inc. Valence is a leader in the development and commercialization of Saphion(R) technology and Lithium-ion polymer rechargeable batteries. Valence holds an extensive, worldwide portfolio of issued and pending patents relating to its Saphion(R) technology and Lithium-ion polymer rechargeable batteries. The company has facilities in Austin, Texas, Henderson, Nevada and Mallusk, Northern Ireland. Valence is traded on the NASDAQ SmallCap Market under the symbol VLNC and can be found on the Internet at http://www.valence.com/ About Mobility Electronics, Inc. Mobility Electronics, Inc., based in Scottsdale, Ariz., is a leader in the mobile computing industry, designing, developing and marketing products that allow users to get more from their mobile computing devices. The company's innovative solutions include power devices, docking stations, software and accessories for handheld and notebook computers, as well as connectivity and expansion products for servers, desktop and portable computers. Mobility Electronics' brands include both the iGo(R) and MAGMA(TM) product lines. iGo's flagship products include the industry's first combination AC/DC power adapter, Juice(TM), as well as first-to-market handheld software and accessory products such as Pitch(TM) and Quickoffice(TM). The company's MAGMA line of patented expansion products enables the industry's only PCI expansion solutions for servers, desktop and mobile computing users. Mobility Electronics' products are available to mobile professionals directly via the company's award-winning Web site ( http://www.igo.com/ ) as well as through the company's global distribution base of leading resellers, retailers and OEM partners. For additional information on Mobility Electronics' products and services, call 480-596-0061, or visit its Web site at http://www.mobilityelectronics.com/ . iGo is a registered trademark, and Juice, Quickoffice, Pitch and MAGMA are trademarks of Mobility Electronic, Inc. All other trademarks or registered trademarks are the property of their respective owners. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our product offerings and market opportunities. These forward- looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in the forward-looking statements include the loss of, and failure to replace, any significant customers; the timing and success of new product introductions; the development and introduction of new products by us and our competitors; the performance of suppliers and subcontractors; industry and general economic or business conditions; and other factors detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. DATASOURCE: Mobility Electronics, Inc. CONTACT: Tom Rafferty of Metzger Associates, +1-303-786-7000, ext. 2225, , for Mobility Electronics, Inc.; or Julia Kroner of Mobility Electronics, Inc., +1-480-596-0061, ext 386, jkroner@moblcom; or media, Sue Ellen Schaming of Blanc & Otus Public Relations, +1-415-856-5120, , for Mobility Electronics, Inc.; or investors, Mike Russell of Valence Technology, Inc., +1-512-527-2921, Web site: http://www.igo.com/ Web site: http://www.valence.com/ Web site: http://www.mobilityelectronics.com/

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