VALENCE TECHNOLOGY, INC. 8K

FORM 8-K

CURRENT REPORT

"Item 2.02 Results of Operations and Financial Condition.

On May 28, 2008, an article derived from an interview conducted with Robert L. Kanode, the President and Chief Executive Officer of Valence Technology, Inc. (the “Company”) was published by an online industry trade journal focused on energy technology stocks. In this article, a statement that the Company expects to report “just over” $20 million in revenues for the fiscal year ended March 31, 2008 was attributed to remarks Mr. Kanode made during his interview. Information relating to the Company’s revenue for fiscal 2008 had not previously been released by the Company, nor has the final revenue amount for fiscal 2008 been verified.

The Company currently believes that it will report revenues for the fiscal year ended March 31, 2008 of approximately $20.7 million, but this number is subject to further verification, including the completion of audit procedures. However, because the Company’s final fiscal 2008 revenues (and other financial results) have not been completed, investors should not rely on the revenue projection attributed to Mr. Kanode, or to the updated number provided herein by the Company to clarify the statement attributed to Mr. Kanode.