SOURCE: Advanced Battery Technologies, Inc.

November 15, 2007 08:28 ET

Advanced Battery Technologies Develops New PLI Battery Technology

Exceeds National Standards in 7 Tests for Safety & Performance and 8 Tests of Its Electrical Properties

NEW YORK, NY and HARBIN, CHINA--(Marketwire - November 15, 2007) - Advanced Battery Technologies, Inc. (AMEX: GBT) today announced that it has successfully developed a polymer lithium-ion (PLI) battery cell using lithium iron phosphate. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells.

The new PLI battery technology provides significant advantages over existing battery cell technologies, including greater resistance to overcharge, increased safety and a longer life cycle. This new technology is particularly well-suited for use in electric vehicles including motorcycles, automobiles, and specialty vehicles such as street cleaners.

The new battery cell reached or exceeded national standards in seven tests for safety and performance, and eight tests of its electrical properties. It has garnered the attention of China's most authoritative institutions, including recognition by the Beijing 2008 Olympic Games Committee.

"We are extremely pleased with the superior performance of our new PLI battery cell technology," stated Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO. "Development of this new technology demonstrates our commitment to creating a diversified product line that will enable Advanced Battery Technologies to meet and exceed market demand, and remain the leading provider of advanced PLI battery cells," Mr. Fu concluded.

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 www.abat.com.cn.

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.

Contact Information