Advanced Battery Technologies, Inc. Adds New Production LineAdvanced Battery Technologies, Inc. Press Release
FlashlightNews.org - 3/26/2007
Chinese battery manufacturer to expand product line-up with rechargeable miner's lamp
Advanced Battery Technologies, Inc.
HARBIN, Cn. - Advanced Battery Technologies, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, announced today that it has begun the installation of a new production line specialized in the manufacturing of mine lamps, which features the new cordless lamps powered by the Company's compact PLI batteries. The annual capacity of this production line will be about 100,000 units of lightweight cordless headlamps for the mining industry. These new headlamps are expected to sell for about $38.00 per unit.
This production line is expected to start production by the end of May.
Mr. Zhiguo Fu, Chairman & CEO of Advance Battery Technologies, commented, "The new production line represents our effort in the vertical integration, which will enable us not only to sell batteries but the products that utilize our batteries."
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures, and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include PLI batteries for electric vehicles, mine-use lamps, cell phones, notebook computers, and other personal electronic devices. The Company'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. The PLI battery for use in all-electric vehicles is developed using the Company's proprietary technologies. The Company's R&D and manufacturing facilities are located in China and it maintains an office in New York City.
For more information about Advanced Battery Technologies, Inc., please visit www.abat.com.cn.