Valence 's
Saphion(R) technology doubles the range of the Segway(R) Human
Transporter (HT) flagship model and was designed to be compatible with
all three of Segway LLC's new models. In addition to the critical
safety features, Saphion(R) lithium-ion batteries are very
low-maintenance and can operate at battery temperatures as low as 14
degrees Fahrenheit."
Valence's Saphion-based technology contains no toxic heavy metals,
negating the disposal issues that plague traditional lead acid
technologies . Founded in
1998 with the objective of transforming proven space and defense technologies
from NASA and the Department of Defense into hardware and software solutions
that solve today's complex problems, VIASPACE benefits from important patent
and software licenses from Caltech, which manages NASA's Jet Propulsion
Laboratory, and from relationships with research laboratories, universities ,
and other organizations within the advanced technology community.

voltammetry electrode

While electric vehicles are fast becoming a big market for NiMH
batteries, other areas such as hobby batteries, telecom, and electric
bikes are also likely to provide market potential.com

Forward-looking Statement

The information contained herein includes "forward-looking
statements.
The intellectual property portfolio licensed by DMFCC includes patents on
the concept of the direct liquid organic fuel cell using a polymer electrolyte
membrane (PEM) (including the direct methanol fuel cell), and on details of
its construction, including alternative membranes, catalysts, electrodes,
membrane electrode assemblies, fuel cell stacks, systems, water recovery,
methanol sensors, methanol filters , and electrolysis of methanol to produce
hydrogen."
"Caltech is pleased that the direct methanol fuel cell is moving toward
use by the public, and that DMFCC is working to develop the cartridge
manufacturing infrastructure necessary for commercialization," stated Larry
Gilbert, Senior Director of Technology Transfer at Caltech. Similarly, statements in this release that
describe the company 's business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements .

electrons geometries

About Valence Technology, Inc. Such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties,
and actual results may differ materially from those described herein,
for the reasons, among others, discussed in our reports filed with the
Securities and Exchange Commission. We believe these patents will be
necessary for any company developing direct methanol fuel cells using a
polymer electrolyte membrane, the process being used by all the large
commercial global electronic companies.

accumulators seac

New analysis from Frost + Sullivan
(http://www. In consideration for these licenses, DMFCC has issued
1,056,324 shares in DMFCC to Caltech and 1,056 ,324 shares to USC, which
together represent 12% of the total outstanding equity of DMFCC.edu.

chemistries cvd

Faced with declining market share, nickel battery manufacturers
must undertake immense amount of research and development (R+D) to
stay competitive.frost. PASADENA, Calif. Methanol is the most
common fuel. Subbarao Surampudi and Dr.
VIASPACE is a diversified technology company with knowledge and expertise in
energy/fuel cells, microelectronics, sensors, homeland security and public
safety , information and computational technology, and RFID. See websites http://www.

voltammetry electrochemistry

frost. While manufacturers need to raise prices to
sustain themselves, price competition from Chinese vendors, who have
lower production costs, limits their profits. (NASDAQ:VLNC), a leader in the development and commercialization
of Saphion(R) technology, the only safe large format Lithium-ion
rechargeable battery technology , today announced that its lithium-ion
batteries were introduced on Segway LLC's new 2005 products ., VIASPACE Inc. These patents cover much of the underlying technology and
improvements related to direct methanol fuel cells, which should be needed by
most fuel cell manufacturers and by OEMs that use fuel cells in their portable
electronic devices. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements.

electrochemical cyclic

seac accumulators

1 million in 2004
and projects at $1685. In addition,
DMFCC has agreed to pay royalties under the licenses to USC and Caltech, as
well as to a third party.
Dr.com, or Public Relations at
PR@VIASPACE.jpl.

plambeck cyclic

"
In addition , increasing prices of raw materials are forcing a rise
in production costs. Our product is the
lithium -ion battery of choice by Segway LLC and is being launched on
all new Segway product lines," said Stephan Godevais, chairman and
CEO, Valence Technology, Inc.

voltammograms accumulators

batteries.
The industrial segment is traditionally the largest end-user of
NiCad and NiMH batteries and continues to prefer nickel batteries. These licenses should enable VIASPACE/DMFCC
to offer patent protection to fuel cell manufacturers and OEMs that partner
with DMFCC. Unparalleled Solutions. It has 900
undergraduates , 1100 graduate students and 280 faculty members. On two campuses are the College of Letters, Arts and Sciences, 17
professional schools and one of the largest teaching hospitals in the US.usc.

electrochemical zoltan

Finding New Applications for Nickel Batteries is Vital to Sustain Demand

As the European and North American nickel battery markets show
declining trends, manufacturers need to think of expanding their
geographical operations and also find new applications for nickel
batteries.

Business Editors/Energy Editors

AUSTIN, Texas----Valence Technology,
Inc.
"We are proud to include Valence Saphion lithium -ion batteries in
our new product line," said Klee Kleber, Segway LLC's vice president
of marketing . We think existing
and new customers will love the extended range and new applications
possible with these batteries. Named in 2004 as a Top 100 Innovative
Company by Red Herring, Valence holds an extensive, worldwide
portfolio of issued and pending patents relating to its Saphion(R)
technology and Lithium-ion rechargeable batteries. DMFCC has also agreed to pay certain future patent
expenses associated with the prosecution and maintenance of patent rights
under the licenses.
The direct liquid organic fuel cell that uses a polymer electrolyte
membrane (PEM) was jointly invented in 1992 , and developed since then, by
scientists at the NASA Jet Propulsion Laboratory (JPL) and at USC.

cvd electrodeposition

Business Editors

PALO ALTO, Calif. Incorporating these
features, new advanced battery chemistries such as lithium-ion
(Li-ion), lithium ion polymer (Li-ion Poly), and lithium sulphur are
weaning away demand from traditional nickel cadmium (NiCad) and nickel
metal hydride (NiMH ) batteries.
Frost + Sullivan serves an extensive clientele that includes Global
1000 companies , emerging companies, and the investment community, by
providing comprehensive industry coverage that reflects a unique
global perspective and combines ongoing analysis of markets,
technologies, econometrics , and demographics.segway.

About University of Southern California:
USC is a private research university founded in 1880 and located in Los
Angeles. See
http://www. Securities and Exchange Commission, as well as general
economic and business conditions, the ability to acquire and develop specific
projects, the ability to fund operations and changes in consumer and business
consumption habits and other factors over which VIASPACE has little or no
control.

zoltan seac

(OTC Bulletin Board: VSPC), a company that transforms proven space and defense
technologies from NASA and the Department of Defense into hardware and
software solutions, announced today that its subsidiary, Direct Methanol Fuel
Cell Corporation (DMFCC), has exercised an option and signed two license
agreements with the California Institute of Technology (Caltech) and the
University of Southern California (USC) for an extensive joint patent
portfolio on direct organic fuel cell technology. Carl Kukkonen, CEO of both VIASPACE and DMFCC, commented, "We are
delighted to have exercised our option from Caltech and USC to license these
extremely valuable patents on fuel cells.VIASPACE.caltech.

cvd uvo

The need of the
hour remains to search vigorously for new areas and applications that
would put the nickel batteries market on the path to growth."
World Nickel Battery Markets, part of the 9211 Batteries
Subscription , analyzes the global market for nickel batteries,
examining the different applications and listing key market trends. Segway LLC also placed
an initial purchase order for Valence custom battery packs to support
the launch, which the company expects to deliver over the next few
months. "This technology enables our customers to use Segway HTs
in exciting new ways including playing up to 36 holes of golf, riding
on backwoods trails and working all day without recharging. Also as Saphion(R) technology is a lithium-ion
chemistry, its superior performance ensures that its cycle life and
lack of "memory effect" will increase the longevity of Valence
products over traditional NiMH batteries. Together , the two agreements grant DMFCC a worldwide license to
50 issued and 50 pending patents. K.
Direct methanol fuel cells are being developed for these applications by
companies such as Toshiba, NEC , Hitachi, Panasonic and Sanyo in Japan, and by
Samsung and LG in Korea.

About VIASPACE: Unparalleled Knowledge. For more
information, please visit our website at http://www.gov. These forward-looking statements relate to
future events or our future performance and involve known and unknown risks,
uncertainties and other factors that may cause our actual results, levels of
activity , performance or achievements to be materially different from any
future results, levels of activity , performance or achievements expressed or
implied by these forward-looking statements. In some cases , you can identify
forward-looking statements by terminology such as "may," should," "could,"
"would," "will," "expect," "plan," "intend," "predict," "anticipate,"
believe," "estimate," "potential ," "continue," or the negative of such terms
or other comparable terminology. These statements are
only predictions.

electrodes chemistries

8 million in 2011. It
further forecasts market opportunities across end-user categories and
global regions. In addition, current i Series
owners will be able to upgrade their machines with Valence's batteries
after a software upgrade available this summer. We chose Valence 's Saphion chemistry for its inherent safety,
which addresses the limitations of traditional lithium -ion
chemistries, particularly in large batteries like those on the Segway
HT," said Doug Field , Segway LLC's vice president of design and
engineering.

About Caltech and the Jet Propulsion Laboratory (JPL):
The California Institute of Technology (Caltech) is a small private
science and engineering university in Pasadena, California.edu and
http://www.

redox voltammograms

This is because they are inexpensive, resist abuse, have high
discharge rates, and can be used over wide temperature ranges .
"Asia Pacific (APAC), especially China is considered to have a lot
of potential in terms of overall growth," says Malavika.com

World Nickel Battery Markets
A965

Keywords in this release: rechargeable batteries, nickel
batteries, nickel cadmium, NiCad, nickel metal hydride, NiMH,
lithium -ion, Li-ion, lithium-ion polymer, Li-ion Poly, lithium
sulphur, energy density, research, information , market, trends,
technology, service, forecast, market share

For pricing and availability of all Segway LLC
products log onto www. The USC team
included Nobel Prize winner Professor George A.

geometries electrochemical

The growth of portable devices
necessitates lightweight, easily chargeable batteries that deliver
continuous power supply for long durations.
Upon receipt of the above information, an overview will be sent to you
via e-mail."
Valence Technology, Inc. In addition,
Valence's new batteries will be sold separately for use on all
previously released i Series models after a quick software upgrade
available this summer.valence. Olah, and Professor G. The Jet
Propulsion Laboratory, a NASA Center focusing on Space + Earth Science and
Astrophysics, is managed by Caltech.nasa.S.

electrodes electrode

The new batteries are being introduced on each of these
models and deliver impressive ranges .

VIASPACE Subsidiary Exercises Option for 100 Caltech and University of Southern California Technology Patents Enabling Company to Offer Patent Protection to O

Surya Prakash.com, or contact Investor
Relations at (888) 359-9558, or IR@VIASPACE. Such factors also include the risks outlined in our periodic
filings with the U.

Application areas include batteries, plating or electrodeposition , corrosion, analytical electrochemistry, as well as the study of any chemical reaction involving oxidation or reduction.

electrodeposition plambeck

com with the following information: your full
name, company name, title, telephone number , fax number, and e-mail. The company's industry expertise
integrates growth consulting, growth partnership services and
corporate management training to identify and develop opportunities. "In addition to the safety of Saphion phosphate
chemistry, these new batteries deliver the power and energy that our
demanding engineers called for, and the quality and reliability that
customers have come to expect in Segway products.com or contact your local Authorized
Segway Dealer. Valence is traded on the NASDAQ SmallCap Market under
the symbol VLNC and can be found on the Internet at www. For example , there will not be a market for fuel
cartridges if the OEMs fail to bring fuel cell powered devices into the
marketplace.

electrochemical conjugated

Investing in R+D is likely to help develop an
enhanced nickel battery in terms of chemistry or better form factor.

Valence Batteries Launched in 3 New Segway Products

worked with Segway LLC to develop
Saphion(R) lithium-ion batteries for the Segway HT i180, Segway XT,
and Segway GT.

About Saphion Technology in Segway HTs

Segway models with Saphion(R) technology include the new Segway HT
i180 in Midnight Blue, Midnight Blue/Solar Yellow and Midnight
Blue /Sport Red color combinations; the Segway Cross-terrain
Transporter (XT); and the Segway Golf Transporter (GT). Patents have been issued in the US, Japan, Korea,
Australia, Brazil, Canada, Europe, Israel and China. DMFCC plans to work in partnership
with fuel cell manufacturers and OEMs to provide them with patent protection
under our umbrella, and to provide them with fuel cartridges to power their
portable electronic devices.
With features such as cameras, music players and television being
integrated into cell phones, and wireless Internet capability in every laptop,
energy consumption is increasing, and device operating time becoming shorter.
Fuel cells are expected to gain a substantial market share because they offer
longer operating time as compared to current lithium ion batteries and may be
instantaneously recharged by simply replacing the disposable fuel cartridge.com.

electrode supercapacitors

com), World Nickel Battery Markets,
reveals that revenue in this market totaled $1767.

Valence is a leader in the development and commercialization of
Saphion(R) technology, the only safe large format Lithium-ion
rechargeable battery technology. Organic fuels include
methanol, ethanol, formic acid , formaldehyde and others. Narayanan.

voltammetry doped

bradley@frost.
"However, across numerous other applications, nickel-based
batteries are slowly losing out to lithium-based battery technologies
due to lack of product advancements and technological innovations,"
notes Frost + Sullivan Research Analyst C . "As novel
product applications demand miniaturization along with greater energy
density and longer runtimes, nickel batteries are being substituted in
many medical, military, and telecom applications . "We are delighted to be working with
such an innovative, trendsetting company and are pleased that our
Saphion(R) technology doubles the range of the Segway HT i Series
model, allowing it to travel up to 24 miles on a single charge. The company has
facilities in Austin, Texas, Henderson, Nevada and Suzhou and
Shanghai, China.

Electrochemistry is the study of the exchange of electrons between an ion/molecule and an electrode, or another ion/molecule.

electrons molecule

"
"Valence's unique Saphion(R) technology has enabled us to
introduce a safe, high-performance battery for our customers in record
time .

This news release includes forward-looking statements intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995.

conjugated chemistries

----As modern day
devices become increasingly sophisticated, there is mounting pressure
on battery technologies to keep pace.
If you are interested in a virtual brochure, which provides
manufacturers, end users , and other industry participants an overview
of the latest analysis of World Nickel Battery then send an
e-mail to Trisha Bradley -- Corporate Communications at
trisha.R. Executive summaries and analyst interviews are
available to the press.
Frost + Sullivan, a global growth consulting company, has been
partnering with clients to support the development of innovative
strategies for more than 40 years. For more information,
visit http://www. The Jet
Propulsion Laboratory is managed by Caltech for NASA. The JPL inventor team
was led by Dr. R.

molecule electrode

The
recent chemistries though, are not suitable to operate in such
conditions. Malavika. "Cost of
production is extremely low in these countries without a compromise on
quality, thus ensuring a higher profit margin and a steady growth of
the nickel batteries market in these regions.
"Today marks an important milestone for Saphion(R), further
validating its role in the motive space." The company cautions readers not to put undue reliance on
forward-looking statements. Additional patents are
also pending in these countries.
DMFCC produces disposable methanol fuel cartridges that provide the energy
source for laptop computers and other portable electronic devices that will be
powered by direct methanol fuel cells.