NEW YORK and HARBIN, China, Feb. 12, 2009 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT) ("The Company"), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries, today announced that three hybrid motorcycles jointly developed by the Company and Wuxi Angell Autocycle Co., Ltd, will debut at the Dealer Expo 2009 from February 13 to February 16, 2009 in Indianapolis, IN.
All three models are equipped with a lithium-ion battery pack (48V rated voltage and 15 amp hour rated capacity) developed by the Company. The computerized control puts the motorcycle on pure-electric drive at low speed, and switches to the gasoline engine at high speed while recharging the batteries. The new design greatly increases total driving distance and optimizes the use of electric power to achieve 35% pollution reduction and a 20% increase in fuel efficiency, compared to comparable gasoline motorcycle engines.
Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, Inc. stated, ''We are very excited to showcase the three new motorcycle models at Dealer Expo 2009. This demonstrates our continued commitment to developing products that are able to compete globally and to capture the increasing demand for green vehicles. We expect the production version of the three models to go into full-scale production in April 2009 and will be sold under the co-brand of Angell and ABAT USA."
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
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.