Advanced Battery Technologies, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion(PLI) batteries, today announced that it has shipped 500,000 polymerlithium-ion (PLI) batteries to Easywood Holdings Ltd based in Hong Kong.These batteries are designed for use in digital cameras. The half amillion batteries are part of a 2,000,000 battery order from Easywood, witha value of HK$32,000,000, or approximately US$4.1 million. This orderrepresents a 33% increase compared with the order of HK$24,000,000 receivedfrom Easywood in 2005 and shipped in the same year.
"We stepped up our order as we have seen increased demand from ourcustomers," said Mr. Yang Yong Guo, General Manager of Easywood, "We likeAdvanced Battery Technologies batteries, as they are lighter, and smallercompared with other products in the same class. As these batteries do notcontain liquid, they do not explode or leak. As ABAT's team continue theirefforts on technology improvements and innovation, we are looking forwardto a long term fruitful relationship."
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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 PLI batteries for electricvehicles, motorcycles, mine-use lamps, cell phones, notebook computers, andother personal electronic devices. The Company's batteries combinehigh-energy chemistry with state of the art polymer technology to overcomemany of the shortcomings associated with other types of rechargeablebatteries. The PLI battery for use in all-electric vehicles is developedusing the Company's proprietary technologies. The Company's R&D andmanufacturing facilities are located in China and it maintains an office inNew York City.
For more information about Advanced Battery Technologies, Inc. please visitwww.zqpt.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of1995
This news release contains forward-looking statements within the meaning ofthe "safe harbor" provisions of the Private Securities Litigation ReformAct of 1995, may involve risks, uncertainties and other factors that maycause the company's actual results to be materially different from anyfuture results or performance suggested by the forward-looking statementsin this release. These risks and uncertainties include, without limitation,risks that that technical issues will delay or prevent the development ofthe planned all-electric bus, risks that the market for the all-electricbus using the materials designed and built by the parties may be limited,and the risks that other all-electric buses receive better marketacceptance than those described in this release. We undertake no obligationto revise or update publicly any forward-looking statements.
Contact:For Additional Information:Advanced Battery Contact:Ms. Mellisa Chen21 W 39th Street Suite 2ANew York, NY 10018Phone: (212) 391-2752
SOURCE: Advanced Battery Technologies, Inc.