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Advanced Battery Technologies, Inc. (AMEX: GBT) today announced that it has produced two variations of an ultra-thin, small capacity polymer lithium-ion battery with a thickness of 0.4mm. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells.
GBT employs a proprietary spraying technology to produce a 10mAh capacity battery (0.4mm x 15mm x 15mm) and a 2500mAh battery (0.4mm x 180 mm x 200mm). These batteries are primarily used in electronic albums and smart integrated circuit (IC) cards. Shenzhen Optoelectronic Technology Ltd. is GBT's largest purchaser of these ultra-thin, small capacity batteries.
"We are extremely pleased to announce the development of these ultra-thin, small capacity batteries. This battery represents our continued commitment to developing a fully diversified product line and creating products customized to meet specific applications. Advanced Battery Technologies' revenue growth has always been a function our ability to deliver cutting-edge technologies. The market for PLI batteries continues to expand in its size and uses," Mr. Fu concluded.
About Advanced Battery Technologies, Inc.
Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI battery cells for use in electric vehicles, mine lamps, walkie-talkies, 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 http://www.abat.com.cn .
Certain statements in this news release may constitute "forward-looking" statements within the meaning of section21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.
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