SOURCE: Advanced Battery Technologies

March 17, 2008 12:33 ET

Advanced Battery Technology Inc. Added to NASDAQ Clean Edge U.S. Indexes

The Effective Date Is Set to Be on March 24th

NEW YORK, NY and HARBIN, CHINA--(Marketwire - March 17, 2008) - Advanced Battery Technologies, Inc. (NASDAQ: ABAT) today announced it will be added to the NASDAQ Clean Edge U.S. Index , effective with the market open on March 24, 2008. Advanced Battery Technologies, Inc. is a developer, manufacturer, and distributer of rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment and a variety of many other consumer electronics.

"We are much honored to be included in these indexes," stated Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO. "We believe our addition to the NASDAQ Clean Edge U.S. Indexes reflects our commitment to our investors, both those who see us as a growth story and those who consider us an environmental solution," added Mr. Fu.

"The annual Clean Energy Trends report, which is produced by leading clean-tech research and publishing firm Clean Edge, has announced that Global clean-energy markets are expanding rapidly, with revenues up 40 percent from $55 billion in 2006 to $77.3 billion in 2007 and are expected to triple to more than $254.5 billion by 2017," stated Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO. "This field is still in its infancy and there is plenty of room to continue to strive towards success," concluded Mr. Fu.

The NASDAQ Clean Edge U.S. Index and the NASDAQ Clean Edge U.S. Liquid Series Index are designed to track the performance of clean-energy companies that are publicly traded in the U.S. The indexes include companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies. Chosen securities must meet eligibility criteria. The indexes are evaluated on a semi-annual basis in March and September. For more information about the NASDAQ Clean Edge U.S. Index and the NASDAQ Clean Edge U.S. Liquid Series Index, including detailed eligibility criteria, visit www.NASDAQ.com.

About Advanced Battery Technologies, Inc.

Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI batteries for use in electric vehicles, mine lamps, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. ABAT maintains research and development, and manufacturing facilities in Harbin, China, and administrative offices in New York, New York. Additional information about Advanced Battery Technologies is available at www.abat.com.cn

About NASDAQ

NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.

About Clean Edge

Clean Edge, Inc., with offices in Oakland, Calif. and Portland, Ore., is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Through its research and reports, conferences and events, and strategic consulting services, Clean Edge tracks and analyzes clean-tech markets, trends, and opportunities. The company publishes the annual Clean Energy Trends report, co-produces the annual Clean-Tech Investor Summit, and co-publishes the NASDAQ Clean Edge U.S. index. Launched in 2001 by environmental and high-tech business pioneers Ron Pernick and Joel Makower, Clean Edge and its network of partners and affiliates offer unparalleled insight and intelligence. For more information, visit www.cleanedge.com.