SOURCE: Advanced Battery Technologies, Inc.

October 11, 2006 08:30 ET

Advanced Battery Technologies, Inc. Signs Agreement With Pioneering US Electric Car Developer Left Coast Conversions, Inc.

NEW YORK, NY -- (MARKET WIRE) -- October 11, 2006 -- Advanced Battery Technologies, Inc. (ABT) (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries for use in electric vehicles, motorcycles, mine use lamps, cell phones, notebook computers and other personal electronic devices, has signed a Memorandum of Understanding with Left Coast Conversions, Inc. (LCC) of Los Angeles, California. The MOU states that ABT will provide technical support and state-of-the-art PLI batteries to LCC for use in their cutting edge gas-to-electric car conversion projects.

ABT Chairman and CEO, Mr. Zhiguo Fu, stated, "We are very excited about our future with Left Coast Conversions and look forward to working directly with one of the top pioneers in the California electric car industry. LCC's deployment of our US patented automotive-grade PLI batteries in their electric car conversion projects will provide strong validation of their viability and performance for the US electric and hybrid car market." Greg Abbott (AKA, Reverend Gadget), CEO of LCC stated, "This is a great opportunity for LCC to incorporate next generation battery technology in our electric car conversions and push the performance and reliability boundaries for electric vehicles."

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 was 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

About Left Coast Conversions, Inc.

Left Coast Conversions' (LCC) mission is to get as many electric cars on the road as soon as possible. LCC, incorporated in 2001, is currently developing plug-and-play, fully integrated electric car conversion systems, including dedicated battery management systems. Some of the products sold by LCC include motors, motor adapters, controllers, battery management systems, full conversion kits, electric power steering pumps and A/C compressors. LCC is developing a nationwide network of conversion kit installers, and providing training and supplies to other companies looking to do conversions. LCC will also sell parts and systems to new car manufacturers. The company's R&D skunkworks lab is currently located In Los Angeles, CA.

For more information about Left Coast Conversions, Inc. please visit www.leftcoastconversions.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:
    For Additional Information:
    Advanced Battery Contact:
    Ms. Melisa Chen
    21 W 39th Street Suite 2A
    New York, NY 10018
    Phone: (212) 391-2752