Advanced Battery Technologies, Inc. opens new battery production facility

Source: Advanced Battery Technologies

Advanced Battery Technologies, Inc. (Pink Sheets:ABAT) ("ABAT"), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, today announced the grand opening of its new polymer lithium-ion battery production facility in Dongguan City, Guangdong Province, P. R. of China.

On December 10, 2011, Dongguan Qiang Qiang Amperex Tech. Co. Ltd, a wholly owned subsidiary of ABAT, opened the facility to the public with a grand ceremony. Officials from the central government as well as local Dongguan City government officials and guests witnessed this event.

Mr. Zhiguo Fu, the chairman of ABAT, addressed the more than 600 guests and expressed a warm welcome and appreciation for the good wishes and congratulations he had received for ABAT's achievements. He stated, "In this facility we will work to maintain the Company's dedication to quality and customer satisfaction, as we continue to expand our position in the competitive market."

The new Dongguan Qiang Qiang facility is the third battery manufacturing facility developed by ABAT in mainland China to meet the increasing demands of the Polymer Lithium-Ion (PLI) battery market. The Company's total investment in this new facility has been approximately $83.30 Million (US). The facility has an aggregate floor space of 50,000 square meters, including an R&D center of 5,000 square meters. The designed production capacity of this factory is 800,000 Ah daily.

The new Dongguan facility will be primarily used to manufacture small capacity batteries. ABAT's small capacity battery products are used in a broad range of electronic devices. ABAT also manufactures medium capacity batteries for use in larger electronic devices and large capacity batteries for use in electric vehicles.



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