SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 27, 2000
VALENCE TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-20028 77-0214673
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
301 Conestoga Way
Henderson, NV 89015
(Address of Principal Executive Offices) (Zip Code)
(702) 558-1000
(Registrant's telephone number, including area code)
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ITEM 5: OTHER EVENTS
On November 6, 2000, the Company executed agreements to acquire all
rights in lithium-ion solid state polymer battery technology from Telcordia
Technologies, Inc. (formerly Bellcore) for 3 million newly issued shares of the
Company's common stock. The completion of the transaction was subject to certain
approvals, including the expiration of the Hart-Scott-Rodino waiting period, as
well as other customary closing conditions. The transactions reflected in these
agreements were completed on December 26, 2000. This acquisition gives the
Company all of Bellcore's rights with respect to lithium-ion, solid state
polymer batteries and the Company will become the licensor under Bellcore's
existing license agreements. A copy of the press release published by the
Company in connection with these agreements and dated December 27, 2000, is
attached as Exhibit 99.1 to this Form 8-K. Exhibit 99.1 is incorporated herein
by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
December 27, 2000 VALENCE TECHNOLOGY, INC
By: /S/ JAY L. KING
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Jay L. King
Vice President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBITS
99.1 Press Release dated December 27, 2000 published by the Company.
