Advanced Battery Technologies, Inc. Opens New Battery Production Facility
15 December 2011 - 2:55AM
Advanced Battery Technologies, Inc. (Pink Sheets:ABAT) ("ABAT"), a
leading developer, manufacturer and distributor of rechargeable
Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of
electric vehicles, today announced the grand opening of its new
polymer lithium-ion battery production facility in Dongguan City,
Guangdong Province, P. R. of China.
On December 10, 2011, Dongguan Qiang Qiang Amperex Tech. Co.
Ltd, a wholly owned subsidiary of ABAT, opened the facility to the
public with a grand ceremony. Officials from the central government
as well as local Dongguan City government officials and guests
witnessed this event.
Mr. Zhiguo Fu, the chairman of ABAT, addressed the more than 600
guests and expressed a warm welcome and appreciation for the good
wishes and congratulations he had received for ABAT's achievements.
He stated, "In this facility we will work to maintain the Company's
dedication to quality and customer satisfaction, as we continue to
expand our position in the competitive market."
The new Dongguan Qiang Qiang facility is the third battery
manufacturing facility developed by ABAT in mainland China to meet
the increasing demands of the Polymer Lithium-Ion (PLI) battery
market. The Company's total investment in this new facility has
been approximately $83.30 Million (US). The facility has an
aggregate floor space of 50,000 square meters, including an R&D
center of 5,000 square meters. The designed production capacity of
this factory is 800,000 Ah daily.
The new Dongguan facility will be primarily used to manufacture
small capacity batteries. ABAT's small capacity battery products
are used in a broad range of electronic devices. ABAT also
manufactures medium capacity batteries for use in larger electronic
devices and large capacity batteries for use in electric
vehicles.
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc. (Pink Sheets:ABAT), founded
in September 2002, develops, manufactures and distributes
rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's
products include rechargeable PLI batteries for electric vehicles,
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. Early in 2009, the Company acquired Wuxi Angell
Autocycle Co. Ltd., an electric vehicle manufacturer, and renamed
it Wuxi Zhongqiang Autocycle Co., Ltd. ("Wuxi ZQ"). The
Company has a New York office, with its executive offices and
manufacturing facilities in China.
CONTACT: Rubenstein Investor Relations
Tim Clemensen
(212) 843-9337
TClemensen@RubensteinIR.com