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Valence Technology, Inc. (VLNC) Appoints Goolsby as CFO

Valence Technology, Inc. (NASDAQ: VLNC) announced today that it welcomes Ross A. Goolsby, as its new chief financial officer, effective Nov. 17.

“Ross brings with him an outstanding skill set in finance and information technology, including extensive planning and budgeting, internal controls and SEC reporting experience,” said Robert L. Kanode, Valence president and CEO. “A seasoned professional with nearly 20 years of diverse experience, Ross will be an excellent addition to our talented senior management team.”

Valence, based in Austin, Texas, develops lithium phosphate energy storage units and components, including the first reliable and rechargeable lithium phosphate battery. It has facilities in Nevada, China and Northern Ireland.

Goolsby began his career working in the Houston and Dallas offices of Ernst & Young. He earned a Bachelor of Business Administration in Accounting and graduated magna cum laude from the University of Houston.

Most recently he served as senior vice president and CFO for Healthtronics, Inc., a publicly traded healthcare company based in Austin. In addition to day-to-day oversight, he led the integration of three acquisitions, restructured an operating division, and managed all investor relations activity.

Prior to his role with Healthtronics, Mr. Goolsby served as senior vice president and CFO at Sigmatel, Inc., a publicly traded designer and manufacturer of mixed-signal integrated circuits. And, before Sigmatel, Goolsby served as vice president and CFO at Utiliserve, Inc., a privately owned wholesale distributor serving the electrical utility industry.

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