Valence Technology (VLNC) CFO Announces Resignation

July 14, 2008 5:23 PM EDT

Valence Technology (Nasdaq: VLNC) today announced that its CFO, Galen Fischer, announced his resignation, effective July 23, 2008.

Donald Gottschalk, Corporate Controller, will assume the day-to-day financial management responsibilities for the company during the interim between Mr. Fischer’s departure and the appointment of his replacement.

Valence Technology, Inc., together with its subsidiaries, engages in the development, manufacture, and sale of energy power storage systems.


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