SOURCE: Advanced Battery Technologies, Inc.

December 28, 2007 08:30 ET

Advanced Battery Technologies Forms Development Partnership With Shenzhen HuaJin Science & Technology

HARBIN, CHINA and NEW YORK, NY--(Marketwire - December 28, 2007) - Advanced Battery Technologies, Inc. (AMEX: GBT) today announced that it has entered into a cooperation agreement with Shenzhen HuaJin Science & Technology Co., Ltd. of China. Under the agreement, the companies will collaborate to develop and manufacture innovative energy-saving lamps for multiple uses. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) batteries.

"This relationship will allow us to accelerate the deployment of our battery technology into cutting-edge energy efficient lighting devices. Utilizing Advanced Battery's rechargeable polymer lithium-ion batteries, Shenzhen HuaJin was able to achieve an 80 percent energy savings in applications including mining lamps, flood lights and street lamps. We believe these results are translatable into a number of other applications which we are jointly developing," stated Mr. Zhiguo Fu, C.E.O. of Advanced Battery Technologies. "Conservation of energy transcends borders and is a truly universal priority. Through utilizing our battery technology, we believe we can generate significant energy savings with improved environmental consequences. We expect this to be a significant advantage as we expand our marketing efforts into new countries," concluded Mr. Fu.

About Advanced Battery Technologies, Inc.

Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI batteries for use in electric vehicles, mine lamps, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. ABAT 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

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