SOURCE: Advanced Battery Technologies, Inc.

November 26, 2007 08:30 ET

Advanced Battery Technologies Announces $3.2 Million Contract With Jilin Jinao Mining Equipment Co., Ltd

NEW YORK, NY and HARBIN, CHINA--(Marketwire - November 26, 2007) - Advanced Battery Technologies, Inc. (AMEX: GBT) today announced the signing of a sales contract with Jilin Jinao Mining Equipment Co., Ltd. ("JME"). JME produces mining equipment such as mining lamps, mining tools and mining positioning systems. Advanced Battery Technologies, Inc. develops, manufactures and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, cellular telephones, laptop computers, mining equipment, digital cameras and other consumer electronics.

"We are extremely pleased to provide our cells to JME for use in its mining products. This order continues to establish Advanced Battery Technologies, Inc. as a maker of superior battery cells for a wide variety of applications," stated Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO. "JME has been a very longstanding customer. We are very proud of the crucial role our cells play in the safety and security of the miners who use JME's equipment," Mr. Fu concluded.

Mr. Yashu Wang, JME's chairman, commented, "We are confident in GBT's battery cells. The fact that they have been issued a safety certificate from the Ministry of Coal of the People's Republic of China is the very reason that we entrust our operations and our miners' safety to GBT's products."

About Advanced Battery Technologies, Inc.

Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. GBT develops PLI battery cells for use in electric vehicles, mine lamps, walkie-talkies, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. GBT maintains research and development, and manufacturing facilities in Harbin, China, and administrative offices in New York, New York. Additional information about Advanced Battery Technologies is available at

Forward-looking statements:

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.

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