Advanced Battery Technologies Attended Eighth Bi-annual China International
Battery Fair
NEW YORK and HARBIN, China, July 1, 2008 (PRIME NEWSWIRE) -- Advanced Battery
Technologies, Inc. (Nasdaq:ABAT) today announced that it attended the Eighth
China International Battery Fair (CIBF) hosted by China Industrial Association
of Power Sources (CIAPS) in Tianjin, China. CIBF is the largest and most
attended battery industry exhibition in all of China. Attendees include battery
developers, manufacturers, wholesalers, and battery users. Also in attendance
are electric-vehicle makers, consumer and industrial electronic producers from
around the globe. Advanced Battery Technologies, Inc. develops, manufactures,
and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in
electric vehicles, mining equipment, and a variety of other consumer
electronics.
During the fair, ABAT's polymer lithium-ion (PLI) battery cell received a number
of positive responses from attendees. "The Eighth Bi-annual China International
Battery Fair (CIBF) has provided us with an excellent networking opportunity
where we were able get in front of principle decision makers to showcase our
battery cells. They were impressed by our ability to customize our cells
according to our customers' specifications," commented Taylor Zhang, ABAT's CFO.
As to the outcome of the fair, Mr. Zhiguo Fu, CEO and Chairman of Advanced
Battery Technologies, Inc., commented, "We look forward to renewing past
relationships while at the same time establishing new ones with many prominent
industry leaders such as Tianjin Tengyue Bicycle Ltd., Shanghai Yike Auto
Machinery Ltd., Advanced Lithium Power, Telong (China) Auto Trading Ltd.,
Jiangsu Yimao Electric Auto Ltd., Tianjin Qingyuan Electric Auto Ltd., Beijing
Xianqu New Technology Co., Beijing Difeisi Ltd., to name a few."
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops,
manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries.
The Company's products include rechargeable PLI batteries for electric
automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and
other electronic devices. ABAT's batteries combine high-energy chemistry with
state-of-the-art polymer technology to overcome many of the shortcomings
associated with other types of rechargeable batteries. The Company has a New
York office, with its executive offices and manufacturing facilities in China.
For more information about Advanced Battery Technologies, Inc. (ABAT), please
visit: http://www.abat.com.cn.
About China International Battery Fair (CIBF)
CIAPS is the sponsor of China International Battery Fair (CIBF) and organized
the first CIBF in Tianjin in 1992. In the past fifteen years, CIBF has been held
seven times, and has become the regular battery event in China. CIBF has had
great impact at home and abroad, and has been regarded as a meeting place for
battery manufacturers and users to exchange ideas on new technology, expand
their markets and promote their products and services to customers in the
worldwide marketplace. The CIBF is the only registered trademark for battery
exhibition and conference in China and is held every two years in China. Please
visit: http://www.cibf.org.cn.
About China Industrial Association of Power Sources
China Industrial Association of Power Sources (CIAPS), founded in 1989, is the
biggest professional battery association in China. It has six branches,
including alkaline battery and new type chemical power sources branch, lead acid
storage battery branch, lithium battery branch, dry cell branch, solar energy
photovoltaic branch, accessory and equipment for battery branch. Now CIAPS has
more than 350 members involved in the development, manufacture, sales, or
marketing of batteries, power supplies etc. CIAPS has good relationships with
the societies, associations and famous companies in the battery field throughout
the world. CIAPS will continue to promote technical exchange and trade
cooperation between China and the international battery community. Please visit:
http://ciaps.org.cn/en/news/ShowInfo.aspx?NewsID=4.
Safe Harbor Statement:
This news release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995, may involve risks, uncertainties and other factors that may cause the
company's actual results to be materially different from any future results or
performance suggested by the forward-looking statements in this release. These
risks and uncertainties include, without limitation, risks that the results of
future performance will not be consistent with the forward-looking statements,
risks that the backlog will not be fulfilled due to reasons of either the
Company or the customer, and the risks that the batteries of competitors receive
better market acceptance than those of the Company's PLI batteries. We undertake
no obligation to revise or update publicly any forward-looking statements.
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CONTACT: Informed IR
John Tsemberides
917-734-1524
john@informedir.com
44 Wall Street, 12th floor
New York, NY 10005
