Samsung approval was the news trigger! $3/share in the next 30 days?
SHENZHEN, China, June 30, 2011 /PRNewswire-Asia/ -- China BAK Battery, Inc. a leading global manufacturer of lithium-based battery cells, today announced that the Company's Shenzhen production facility successfully passed an audit conducted by Samsung, a prerequisite for the use of the Company's prismatic lithium ion battery cells in Samsung cell phones.
In May 2011, a Samsung factory audit team spent nearly twelve hours at China BAK's prismatic battery cell plant in Shenzhen. Samsung's audit focused on product quality and environmental management through a stringent and meticulous review of a number of aspects of our plant's operations, including raw materials, production process, equipment utilization, quality inspection, environmental management, and document management. Samsung recently informed the Company that it had passed the factory audit and requested that the Company send battery cell samples for Samsung's final certification for use in Samsung cell phones.
"Since inception, we have maintained a strong focus on the manufacturing of our prismatic lithium ion battery cells used in cell phones. We constantly strive to enhance our product quality and customer service to meet market demands and penetrate the high-end market," commented Mr. Xiangqian Li, President and Chief Executive Officer of China BAK. "We believe the successful factory audit by Samsung demonstrates the high quality and operational efficiency of our production processes and we are confident that our sample units will meet Samsung's requirements. This marks an important milestone for our prismatic batteries which are for the first time being supplied by invitation on a test basis to an international tier one cell phone manufacturer."
About China BAK Battery, Inc
China BAK Battery, Inc. is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, notebook computers, e-bikes, electric vehicles, power tools, uninterruptible power supplies, and portable consumer electronics such as digital cameras, portable media players, portable gaming devices, personal digital assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet. For more information regarding China BAK Battery, Inc. please visit http://www.bak.com.cn.
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