Friday, August 08, 2008 Free Registration Log-in to View Profiles
Empire Relations Group is a Premier Investor Relations Organization representing publicly-traded companies in their communications programs with existing shareholders and potential investors.
investments
OTCBB
OTCBB
Pressroom 
 
 Archived
 
 Non-Public Companies
 Consumer
 Energy, Environment & Natural Resources
 Financials
 Healthcare/BioTech
 Industrials
 IT & Computers
 Materials
 Telecommunications
 Utilities
 
 Public Companies
 Consumer
 Energy, Environment & Natural Resources
 Financials
 Healthcare/BioTech
 Industrials
 IT & Computers
 Materials
 Telecommunications
 Utilities
Search


Public Companies : Industrials


Advanced Battery Technologies Announces $3.3 Million Contract With Beijing's Ding Xin Yi Tong Science & Technology Co.

Apr 10, 2008 - 7:36:01 AM

News Source MARKET WIRE

Email this article
 Printer friendly page
NEW YORK, NY and HARBIN, CHINA -- (MARKET WIRE) -- 04/10/08 -- Advanced Battery Technologies, Inc.(NASDAQ: ABAT) today announced the signing of a contract with Beijing'sDing Xin Yi Tong Science & Technology Co., Ltd., under which Advanced Battery Technologies willproduce 110,000 External Mobile Power Supplies. Ding Xin Yi Tong Science &Technology Co., Ltd. is a distributor of complex electronic components suchas mother boards, computer chips etc. Advanced Battery Technologies, Inc.develops, manufactures, and distributes rechargeable polymer lithium-ion(PLI) battery cells for use in electric vehicles, mining equipment, and avariety of other consumer electronics.

ABAT will produce 110,000 External Mobile Rechargeable Power Supplies,including 40,000 units of the ABAT Intelligent Digital Mobile Power SolarCharger, 20,000 units of the ABAT Solar Power Charger, 40,000 units of theABAT Intelligent Digital Mobile Power Charger, and 10,000 units of the ABATNotebook External Rechargeable Mobile Power Supply. The contract price is$3.3 million.

"We are extremely pleased to have our External Mobile Power Suppliesdistributed by Ding Xin Yi Tong Science & Technology Co.," stated Mr.Zhiguo Fu, CEO of Advanced Battery Technologies. "By distributing ourproducts to their customers, Ding Xin Yi Tong Science & Technology Co.helps the new 'on the go' generation take their mobile devices on the roadand not worry about battery life."

"This contract of $3.3 million is our second major contract of 2008. Incombination with the$23.4 million contract announced in January, 2008 is positioned to beanother exceptional year of growth for our company. We are encouraged bythe breadth of applications to which we believe our technologies apply,"concluded Mr. Fu.

Mr. Yonggang Zhao, Beijing Ding Xin Yi Tong Science & Technology Co., Ltd.'s Chairman, said, "ABAT's External Mobile Power Supply has passed all ourtests. I believe the quality of ABAT's exceptional products will benefit usand our customers."

About Advanced Battery Technologies,Inc.

Founded in September 2002, Advanced Battery Technologies develops,manufactures, and distributes PLI batteries using lithium cobalt oxideanodes to overcome many of the shortcomings associated with other types ofrechargeable batteries. ABAT develops PLI batteries for use in electricvehicles, mine lamps, and consumer electronics, including cellulartelephones, laptop computers, and digital cameras. ABAT maintains researchand development, and manufacturing facilities in Harbin, China, andadministrative offices in New York, New York. Additional information aboutAdvanced Battery Technologies is available at www.abat.com.cn.

Forward-looking statements:

Certain statements in this news release may constitute "forward-looking"statements within the meaning of Section 21E of the Securities and ExchangeAct of 1934. The Company believes that its expectations, as expressed inthese statements are based on reasonable assumptions regarding the risksand uncertainties inherent in achieving those expectations. Thesestatements are not, however, guarantees of future performance and actualresults may differ materially. Risk factors are listed in the most recentAnnual Report on Form 10-KSB and the most recent Quarterly Report on Form10-QSB filed with the Securities and Exchange Commission. Suchforward-looking statements involve risks and uncertainties, which may causethe actual results, performance, or achievement expressed or implied todiffer.

Contact:
John Tsemberides
44 Wall Street
New York, N.Y.
(917) 734-1524
Email Contact



Top of Page | Main News Index | EmpireRelations.com Home Page EmpireRelations.com Selected Clients News

Come see our services. Copr. © 2005 Empire Relations Group, Inc.

Industrials
Latest Headlines
Montana Governor Plugs ZAP Electric Truck for State
Anything Trucker, Inc. Targets the $165 Billion Trucking Industry as the Primary Market for Its Products and Services
TeleCommunication Systems to Present at the 28th Annual Canaccord Adams Global Growth Conference
Dorman Products, Inc. Partners With G.O.S.S. Industries
Avis Budget Group Plans to Announce Second Quarter 2008 Results on August 6
Dorman Products, Inc. Reports Sales and Earnings for the Second Quarter Ended June 28, 2008
Xantrex(TM) Supports City Tour for Solar Across United States
Zygo Corporation Earnings Release and Conference Call Information
American Technology Announces Fiscal Q3 Conference Call and Webcast
Golden Dragon Holdings, Inc. (GDHI) Featured on WallSt.net