Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - VALENCE TECHNOLOGY INC | valence_8k-021710.htm |
| EX-10.1 - EMPLOYMENT AGREEMENT - VALENCE TECHNOLOGY INC | ex10-1.htm |
Exhibit
99.1
|
IR
Contact:
|
PR
Contact:
|
|
|
A.
Pierre Dubois
|
Kyle
Tarrance
|
|
|
Pierpont
Investor Relations
|
Allyn
Media
|
|
|
(512)
527-2921
|
(214)
871-7723
|
|
|
investor@valence.com
|
ktarrance@allynmedia.com
|
VALENCE
TECHNOLOGY NAMES RANDALL J. ADLEMAN
VICE
PRESIDENT OF SALES & MARKETING
AUSTIN, TX (February 17,
2010)– Valence Technology, Inc. (NASDAQ: VLNC), a leading international
energy system manufacturer, today announced that Randall J. Adleman has been
named its new vice president of sales and marketing, effective March 1,
2010.
In this
role, Adleman will lead the global sales and marketing teams targeting all five
Valence Technology markets: Automotive, Stationary, Industrial, Military and
Marine, and will report to Robert L. Kanode, president and chief executive
officer.
“We are
proud to welcome RJ Adleman to Valence Technology,” said Kanode. “RJ’s extensive
leadership background includes expertise in the power quality, energy and
software sectors where he specialized in building and developing highly
effective sales and marketing efforts, including sales force turn-around. Based
on his superior track record of customer-focused achievements, we believe he
will be instrumental in creating business development
opportunities.”
Adleman
most recently served as the principal and founder of Fords Barron Advisership, a
corporate consultancy focused on senior leadership challenges within the power
quality and energy industries. Prior to founding Fords Barron Advisership, he
held various customer focused executive leadership roles including Vice
President of Sales & Service at Ingersoll-Rand Energy Systems; Vice
President of Americas Sales at Powerware, a global leader in the power quality
industry; and Senior Vice President of Sales & Implementation Services at
software maker, Misys Healthcare.
Adleman
holds an undergraduate degree from Colgate University and an MBA in Marketing
from Fairleigh Dickinson University.
About Valence Technology,
Inc.
Valence
Technology is an international leader in the development of safe, long-life
lithium iron magnesium phosphate energy storage solutions and provides the
enabling technology behind some of the worlds 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. The risk factors that could affect actual results are
discussed in our periodic reports filed with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended March
31, 2009 and our Quarterly Reports on Form 10-Q for the fiscal quarters ended
June 30, 2009, September 30, 2009 and December 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.
- ###
-