SOURCE: Advanced Battery Technologies, Inc.

February 14, 2007 08:30 ET

Advanced Battery Technologies, Inc.'s Wholly Owned Subsidiary Issued China Patent for Nano Material Lithium Ion Battery

HARBIN, CHINA -- (MARKET WIRE) -- February 14, 2007 -- Advanced Battery Technologies, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, announced today that its wholly owned subsidiary, ZQ Power-Tech, was issued a patent of invention by The Intellectual Property Bureau of the People's Republic of China for the invention of the nano material lithium ion battery and its technology process. The patent's number is 200510087299X. The Company has started application for a corresponding U.S. patent. With the granting of this new patent Advanced Battery Technologies, Inc. now holds a total of 8 patents, 7 of which are China patents and the other one a U.S. patent, all in the area of battery technologies.

The in-house R&D team in joint efforts with experts from Harbin Institute of Technology (HIT) have worked hard on this project before they passed the test to make this technology ready for commercialization. Compared to any other lithium ion battery technologies, the nano material batteries will have a greater power capacity, longer cycle life and significantly shorter re-charge time; therefore it enjoys a great potential for application in powering electric vehicles. The Company believes this patent represents a technology breakthrough in step with the industrial trend. When it is commercialized, it will also have a great potential in market shares.

"This new patent," according to Mr. Zhiguo Fu, Chairman & CEO, "will give us an edge in our effort to address the electric vehicle market in addition to our PLI battery technologies."

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

  • Advanced Battery Contact:
    Ms. Lynne Lu
    21 W 39th Street Suite 2A
    New York, NY 10018
    Phone: (212) 391-2752