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Advanced Battery Technologies'
Batteries Prove Successful in Use by China National Oceanography
Institute's Ocean No.1 Deep-Sea Exploration Vessel
Aug.08, 2007
Advanced Battery Technologies, Inc. (OTCBB: ABAT) announced today
that its polymer lithium-ion batteries are being used by the China
National Oceanography Institute's Ocean No.1 vessel to enable
deep-sea drilling at 7,500 meters. Advanced Battery Technologies
distributes rechargeable polymer-lithium-ion (PLI) batteries.
ABAT's PLI batteries were put to the test during a 180-day deep-sea
expedition, during which the Institute's Ocean No. 1 vessel
successfully drilled for samples. Participating oceanographers gave
high praise to the grab bucket and drilling sampling machines using
ABAT's 100V and 22Ah, and 300V and 55Ah PLI batteries, respectively.
Specifically, they noted that ABAT's PLI batteries have a number of
advantages over other types of batteries used in recent years,
including higher energy density, enhanced safety performance, and
the ability to endure high levels of pressure. Overall, they rated
ABAT's PLI batteries superior to other batteries for deep-sea
exploration and expressed confidence that ABAT's PLI batteries would
enable them to accomplish the tasks of future deep-sea exploratory
missions.
"We are extremely pleased to receive such glowing reviews from the
oceanographers aboard the China National Oceanography Institute's
Ocean No. 1 vessel," stated Mr. Zhiguo Fu, ABAT Chairman and Chief
Executive Officer. "We are confident that our PLI batteries will
enable Ocean No. 1 oceanographers to efficiently and successfully
complete their deep-sea explorations," concluded Mr. Fu.
About Advanced Battery Technologies, Inc.
Founded in September 2002, Advanced Battery Technologies develops,
manufactures, and distributes PLI batteries using lithium cobalt
oxide anodes to overcome many of the shortcomings associated with
other types of rechargeable batteries. ABAT develops PLI batteries
for use in electric vehicles, mine lamps, cell phones, notebook
computers, and other electronic devices. ABAT maintains R&D and
manufacturing facilities in Harbin, China and administrative offices
in New York, New York. Additional information about Advanced Battery
Technologies is available at 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. Some of the factors that may affect the forward
looking statements in this news release are the availability of
licensed personnel to operate pharmacies, the availability of
suitable retail locations, and the acceptance of new technologies by
the medical profession. Other risk factors are listed in the most
recent Annual Report on Form 10-KSB, Quarterly Report on Form
10-QSB, and most recent Registration Statement on Form SB-2 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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