NEW YORK and HARBIN, China, Sept. 4, 2008 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT) today named Dr.Suiyang Huang as its new Chief Technology Officer. Dr. Huang, who was formerly the C.T.O. for Shenzhen B&K Electronic Co., Ltd, will spearhead all of Advanced Battery Technology's future technology development plans. 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.
Dr. Suiyang Huang will be responsible for all aspects of ABAT's new product development plans. He is expected to upgrade the existing ABAT technology, as well as to improve product quality by upgrading production processes. Dr. Huang will manage technology standards and production procedures as well as focus ABAT's R&D department towards creating a better battery for both existing and future applications.
Dr. Suiyang Huang is one of the most well respected minds in the Chinese battery industry. He holds a Ph.D from the Universite de Bordeaux, and has over thirty papers published throughout the world. Dr. Huang personally owns 7 U.S and 20 Chinese patents.
Commenting on the CTO appointment, Zhiguo Fu, CEO of Advanced Battery Technologies, said, "The appointment of Dr. Suiyang Huang to the Chief Technology Officer position fills an important and strategic leadership role in our company. Technology is our lifeblood in an industry where innovation drives competition and customer value. Dr. Suiyang Huang's record as a pioneer in the field is not only evident in China but worldwide. With his help, we will set the standards for China's EV industry."
Mr. Fu also added, "The CTO role at ABAT requires strong leadership skills, technical background that is innovative, and forward thinking. This role also demands experience second to none combined with vision into the future. We believe that Dr. Suiyang Huang embodies that role, and we are elated to have him on board."
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.
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.