SOURCE: Advanced Battery Technologies, Inc.

Advanced Battery Technologies, Inc.

March 23, 2015 08:00 ET

Advanced Battery Technologies Announces Strategic Partnership

NEW YORK, NY and BEIJING, CHINA--(Marketwired - March 23, 2015) - Advanced Battery Technologies, Inc. (OTC PINK: ABAT), specializing in the design, manufacture and distribution of eco-friendly rechargeable batteries and related light electric vehicle products, today announced that it signed a strategic partnership agreement with Jiangsu Duke New Energy Automobile Co., Ltd to supply its fast charging lithium batteries for Jiangsu Duke's 20,000 electronic sports cars in 2015.

Jiangsu Duke New Energy Automobile is a high tech company that specializes in research and development, design and manufacture of its Supercar branded electric sports cars. Jiangsu Duke New Energy Automobile's new energy project is authorized by the China Development and Reform Commission. It expects to produce 20,000 electric sports cars in 2015 and Advanced Battery Technologies will provide the fast charging lithium batteries for all these vehicles.

Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, commented, "We are very pleased to announce this strategic partnership with Jiangsu Duke New Energy Automobile Company. The fact that Jiangsu Duke chose Advanced Battery Technologies to become its partner and will install our fast charging lithium batteries on all their electric cars further validates our superior battery technology. Our fast charging lithium battery is well recognized by the market and customers. We will continue to focus on developing new and innovative clean energy and environmentally friendly products for the industry."

About Advanced Battery Technologies, Inc.

Advanced Battery Technologies, Inc. (ABAT), with executive office in Beijing, China is committed to the clean energy industry. With three manufacturing subsidiaries in Harbin, Wuxi and Dongguan, China, ABAT engages in the design, manufacture, marketing and distribution of rechargeable polymer lithium-ion (PLI) batteries and related Light Electric Vehicles (LEV's) products. Additional information about the Company is available at: http://abat.sys145.pkulab.com/a/english/

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 demand for the Company's electric vehicles may be limited. We undertake no obligation to revise or update publicly any forward-looking statements.

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