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Valence Supplies Pogo Technology with Battery Solution for Wireless Phone and Internet Access Device
AUSTIN, Texas--Jan. 17, 2002--Valence Technology Inc. (Nasdaq:VLNC), a leader in the
development and commercialization of Lithium-ion polymer rechargeable batteries, today announced that it has commenced
shipment of an initial order for 5,000 battery packs to Pogo Technology Ltd., a European developer of mobile
communications devices.
The battery packs are powering "the Pogo," the first U.K. wireless device to offer full mobile Internet access without the
need for 3G technology. Sean Fernback, Pogo's head of engineering, commented, "We are very pleased to be working with
Valence on this revolutionary product. The Pogo's excellent run time, fast recharge time and sleek design were made possible
largely by Valence's ability to deliver a unique energy solution." The Pogo is currently available for purchase in the U.K.
through Carphone Warehouse at www.carphonewarehouse.com. A U.S. launch of the product is being considered for 2002.
The Pogo device, a sophisticated PDA/mobile phone hybrid, combines unrestricted Internet access with e-mail, SMS,
diary, networked address book, MP3 player and phone capabilities. The device features Pogo's exclusive
compression-based technology that allows wireless Internet browsing at an effective bandwidth of 56Kbps, more than five
times the rate of 9.6Kbps currently offered by GSM data devices. Valence's Lithium-ion polymer batteries were selected
because of their ability to meet the demanding energy requirements of this application in a thin, unique design.
Stephan Godevais, CEO of Valence, remarked, "The Pogo is clearly a breakthrough product for the wireless market. The
delay in the implementation of 3G technology is going to increase the longer-term need for this type of device. With Carphone
Warehouse as its channel partner, the Pogo is in an ideal position to gain market share. We see great potential for the Pogo
and we're delighted to be part of this exciting program."
About Pogo Technology
Pogo Technology Ltd. was founded by David Ishag, Matt Woolf and Tim Critchley in 1999. Based in London, Pogo
Technology is an independent British company designing and building handheld consumer products. Pogo's mission is to
create the most useful, fun and informative communications device for consumer use and thereby provide the mobile industry
with a tangible stepping-stone between now and the 3G future. Further information on Pogo can be found on the Internet at
www.pogo-tech.com.
About Valence Technology Inc.
Valence is a leader in the development and commercialization of Lithium-ion polymer rechargeable batteries. Valence has
more than 790 issued and pending patents worldwide, including 284 issued in the U.S. The company has facilities in Austin,
Texas, Henderson, Nev., and Mallusk, Northern Ireland. Valence is traded on the Nasdaq National Market under the
symbol VLNC and can be found on the Internet at www.valence.com.
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