NEW YORK and HARBIN, China, July 10, 2008 (PRIME NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT) today announced that its power management system has been put into place and will be used by the 2008 Beijing Summer Olympics at the National Aquatic Center -- or otherwise known as the Water Cube Olympic Swimming Pool. This Power Management System was developed and derived from ABAT's Intelligent Battery Management System (IBMS). 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.
"It is a great honor to be commissioned by the Beijing Olympic Committee. It further validates our technology by its multiple uses. We will continue to put our R&D efforts in perfecting our Intelligent Battery Management System. A project of this magnitude authenticates the utility and functionality of our Polymer Lithium Ion batteries for Electric Vehicles also," concluded Mr. Zhiguo Fu, CEO and Chairman of ABAT.
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.