DALLAS, Feb. 25, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring industrial electrical equipment company Advanced Battery Technologies Inc. (Nasdaq:ABAT). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/ABAT
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Advanced Battery Technologies Inc. develops, markets and manufactures rechargeable polymer lithium-ion (PLI) batteries. The Company also manufactures PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers and walkie-talkies.
In the report, the analyst notes:
"The Company's recent history includes the addition of a manufacturing facility in Heilongjiang. Since opening in 2004, the Heilongjiang facility payroll has increased to 851 employees from approximately 300 in 2004 due to the Company's doubled production levels, along with additional production capacity required as a result of the acquisition of an electric vehicle manufacturer in May 2009.
As its battery production level reached $45 million per year, the Company planned to outfit two more facilities to accommodate expected increased orders, taking the number of facilities engaged in production to four. The Company completed an equity financing placement to finance the expansion. In July 2009, the two buildings became operational and outfitted with state-of-the-art automated equipment. In August 2009, the Company announced that it would upgrade its two original facilities with automated equipment as well."
To read the entire report, visit: http://www.beaconequity.com/i/ABAT
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