Advanced Battery Technologies Announces New Orders of Electric Vehicles

The company received recognition for its products’ superior performance and unique appearance design. During the Expo, the company signed sales contracts totaling approximately $1.7 million (or 2,500 electric scooters) with five customers from Europe, including Germany, Denmark, and Netherlands.

The company will deliver lithium ion LiFePO4 battery-powered scooters to these European customers within the next twelve months. The management expects to receive additional orders from these new customers after they become more familiar with the quality of our products.

Mr. Zhiguo Fu, CEO of ABAT, stated, "The new orders demonstrate management’s significant progress in serving overseas customers after our previously announced product promotion conference held at the end of March. We will continue to promote our products to overseas distributors by providing state of the art products capable of meeting the diverse demands of their customers." 

Advanced Battery Technologies, Inc. (Nasdaq: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 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. Early in 2009, the Company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle business, 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.

Advanced Battery Technologies, Inc. (NASDAQ: 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 cars, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.

www.abat.com.cn/