Advanced Battery Technologies Inc. (fka ABAT)

[Ecostate]

TODAYS NEWS Advanced Battery Technologies Receives National Approval for Its HEV/PEV Lithium-Ion Power Battery
9:06a ET December 3, 2014 (Market Wire) Print
Advanced Battery Technologies, Inc. (OTC PINK: ABAT), specializing in the design, manufacture and distribution of eco-friendly rechargeable batteries and related light electric vehicle products, today announced its 13 Ah lithium-ion battery (Model: ABAT-12128142) has received product approval from China's National Quality Control & Inspection Center for Buses.

The battery (model: ABAT-12128142) is designed and best suited for hybrid electric vehicles (HEVs) and plug-in electric vehicles (PEVs). The product approval was based on comprehensive tests according to China's automobile industry standard QC/T 743-2006 "Lithium-ion Batteries for Electric Vehicles."

Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, commented, "We are very excited to receive this national approval for our high power density 13 Ah lithium-ion battery from China's National Quality Control & Inspection Center for Buses. This is another significant milestone for ABAT as we are well positioned for broader national adoption of our batteries in the growing HEV and PEV markets. China has begun to emerge as a world leader in green transportation and it will become the largest market for electric buses within this decade. We have dedicated meaningful resources to developing the next generation of lithium batteries to meet the immense demand from the HEV and PEV markets in China. Overall, we remain on the cutting edge of new technologies and believe are extremely well positioned for rapid growth in the months and years ahead."

About National Quality Control & Inspection Center for Buses

National Quality Control & Inspection Center for Buses, recognized by the State Experimental Accrediting Committee and authorized by the National General Quarantine Bureau of Quality Control & Inspection and National Accreditation & Supervision Committee, is a national-level quality control and inspection institute for products. It is a national-level inspection and evaluation unit for new hi-tech products of buses and is authorized by the State Science & Technology Commission. It is also the key laboratory of the Ministry of Transport of the People's Republic of China.

About Advanced Battery Technologies, Inc.

Advanced Battery Technologies, Inc. (ABAT), with executive office in Beijing, China is committed to the clean energy industry. With three manufacturing subsidiaries in Harbin, Wuxi and Dongguan, China, ABAT engages in the design, manufacture, marketing and distribution of rechargeable polymer lithium-ion (PLI) batteries and related Light Electric Vehicles (LEV's) products. Additional information about the Company is available at: http://abat.sys145.pkulab.com/a/english/

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, risks that the demand for the Company's electric vehicles may be limited. We undertake no obligation to revise or update publicly any forward-looking statements.



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