An electronically switchable, bi-stable two-port valve includes a sleeve, a first pole piece having air flow passages formed therethrough and a first wire-wound coil mounted therein and connected to a source of electrical power, a second pole piece having air flow passages formed therethrough and a second wire-wound coil mounted therein and connected to the source of electrical power, and a permanent magnet defining an armature and movably mounted between the first and second pole pieces. The first pole piece is mounted in a first end of the sleeve and the second pole piece is mounted in a second end of the sleeve.