Valence Technology Q3 EPS of $(0.01) vs. $(0.02)

Valence Technology, Inc.

today announced financial results for its fiscal 2011 third quarter and nine months ended December 31, 2010. Revenue increased 234% to $13.8 million, compared to $4.1 million in the third quarter of fiscal 2010. Net loss available to common shareholders decreased to $2.0 million, or $0.01 per share, compared to a loss of $5.6 million, or $0.04 per share in the year-ago quarter.