SOURCE: Advanced Battery Technologies, Inc.

May 19, 2008 08:28 ET

Advanced Battery Technologies Invites Olympic Visitors to Its Facilities in Harbin

There Will Be Daily Tours of ABAT's Facilities During August 7 to August 25

NEW YORK, NY and HARBIN, CHINA--(Marketwire - May 19, 2008) - Advanced Battery Technologies, Inc. (NASDAQ: ABAT) today announced that it will host daily tours of its facilities between August 7-25, 2008. Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. Advanced Battery Technologies, Inc. products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.

ABAT investors who are visiting China between August 7 and August 25 are invited to attend daily tours of ABAT's facilities. The guests will be treated to an authentic Harbin lunch after the tour.

Mr. Zhiguo Fu, CEO and chairman of ABAT, stated, "First I would like to offer my condolences, from everyone here at ABAT, to all the families that were affected by the earthquake. It is a terrible tragedy that no one should ever have to go through. Although our facilities are far away from Sichuan, we cannot help but be affected emotionally by this tragedy." Mr. Fu has personally spearheaded a relief fund for this tragedy by donating funds to the China Red Cross. To date, close to 300,000 RMB has been donated, with the help of everyone at ABAT.

Further, Mr. Fu added, "ABAT and its management will offer daily tours of our facilities to current and future investors of ABAT. We would like to extend our hospitality to those who are visiting China by showing them our state-of-the-art facilities. After the tour we will give our visitors a ride in our battery-powered vehicles, followed by a traditional lunch."

For more information and to schedule a date for a tour, please contact John Tsemberides via email.

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 rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT'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 Company has a New York office, with its executive offices and manufacturing facilities in China. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: http://www.abat.com.cn.

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 the results of future performance will not be consistent with the forward-looking statements, risks that the backlog will not be fulfilled due to reasons of either the Company or the customer, and the risks that the batteries of competitors receive better market acceptance than those of the Company's PLI batteries. We undertake no obligation to revise or update publicly any forward-looking statements.

Contact Information

  • Contact:
    John Tsemberides
    44 Wall Street, 12th floor
    New York, NY 10005
    Email Contact