SOURCE: Advanced Battery Technologies, Inc.

September 12, 2006 08:30 ET

Advanced Battery Technologies, Inc. Received Order of 300,000 Mine Lamp PLI Battery Cells

HARBIN, CHINA -- (MARKET WIRE) -- September 12, 2006 -- Advanced Battery Technologies, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer Lithium-Ion (PLI) batteries, announced today that it has signed a contract to sell 300,000 Polymer Lithium-Ion battery cells for mine lamps to Quanzhou City Hongtian Science & Technology Development Co., Ltd. (QCHSTD). The contract is valued at RMB 13.4 million or approximately $1.7 million. QCHSTD is a manufacturer of a variety of lamp models for the mining industry. Mr. Junguo Xu, CEO of QCHSTD, said, "Our sole choice for the PLI battery 'Cell Packs' was Advanced Battery Technologies because it was the only battery that provided us with top quality, a reliable extended energy source and very light weight, but most importantly, Advanced Battery's 'Cell Packs' were the only fire and explosion proof batteries. This was critical to our choice after reviewing extensive conclusive safety data on tests completed by Heilongjiang Harbin Product Quality Supervision and Inspection Center." Mr. Zhiguo Fu, chairman of Advanced Battery Technologies, commented on the order by saying, "This order further confirms our ability to meet the growing demands for cutting edge portable, efficient and safe PLI battery technology."

For more details on the inspection report issued by Heilongjiang Harbin Product Quality Supervision and Inspection Center, a government agency, please visit www.zqpt.com and click on the Company Info link.

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 PLI batteries for electric vehicles, mine-use lamps, cell phones, notebook computers, and other personal electronic devices. The Company'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 PLI battery for use in all-electric vehicles is developed using the Company's proprietary technologies. The Company's R&D and manufacturing facilities are located in China and it maintains an office in New York City.

For more information about Advanced Battery Technologies, Inc., please visit www.zqpt.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

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 products as manufactured are not accepted in a mass market. We undertake no obligation to revise or update publicly any forward-looking statements.

Contact Information

  • Contact:
    Luis J. Mejia
    Murdock Capital Partners Corp.
    520 Madison Avenue, 40th Floor
    New York, New York 10022
    Tel.:(212) 421-2545