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.