2005-11-10 10:45:13
Advanced Battery Technologies Announces Successful Manufacturing Tests
Nano-Structured Lithium Titanate Spinel Electrode Materials Provide Fast Charge and Discharge Rates, Improved Cycle Life for Electric Bus and Auto Projects
HARBIN, CHINA -- (MARKET WIRE) -- 11/10/05 -- Advanced Battery Technologies, Inc. (OTC BB: ABAT) announced today that the manufacturing and product tests using Altair
Nanotechnologies Inc.'s (NASDAQ: ALTI) nano-structured lithium titanate
spinel electrode materials have been successful. The company announced
further progress in its Polymer Lithium Ion Battery Development Program:
1. Advanced Battery Technologies has contracted with Harbin University of
Science and Technology to design the electrical controls and management
system for a sedan conversion using Altair's advanced nanotechnology
electrode materials in its lithium polymer batteries.
2. Advanced Battery Technologies also has entered into a cooperative
agreement with the Beijing Institute of Technology for the development
and testing of four electric buses to be built by Advanced Battery
as prototypes for the 2008 Olympic Electric Bus Program.
The all-electric buses will be manufactured using Advanced Batteries
polymer lithium ion batteries under Advanced Battery Technologies'
Cooperation Agreement with Beijing Institute of Technology ("BIT") for the
development of Easy Access, All Electric Buses. The prototype buses, to be
manufactured by Advanced Battery, are to be completed by the first half of
2006 with testing to be completed in August 2006. The results of the tests
of the prototypes will be used to determine the companies that will be
selected to supply the buses to be used in the 2008 Olympics.
"The buses will provide direct road test comparison of performance, cost,
and acceptability," said Advanced Battery Chairman, Zhiguo Fu. "The impact
of high power delivery, rapid recharge, and a long cycle life, will be
demonstrated in one of the buses using advanced nanomaterials from Altair
in the batteries. The use of Altair's electrode materials in our PLI
batteries," continued Mr. Fu, "will enable us to provide battery
performance that could present opportunities in new markets that would
benefit from batteries with fast charge and discharge times, superior life
cycle performance and improved life cycle economics."
ABOUT ALTAIR NANOTECHNOLOGIES INC.
Altairnano is a leading supplier and innovator of advanced ceramic
nanomaterial technology. Based in Reno, Nevada, Altairnano has assembled a
unique team of materials scientists who, coupled in collaborative ventures
with industry partners and leading academic centers, have pioneered an
array of intellectual property and products.
Altairnano's robust proprietary technology platforms produce a variety of
crystalline and non-crystalline nanomaterials of unique structure,
performance, quality and cost. The company has scalable manufacturing
capability to meet emerging nanomaterials demands. Altairnano's two
divisions, Life Sciences and Performance Materials, are focused on
applications where its nanotechnology may enable new high growth markets.
The Life Sciences Division is pursuing market applications in
pharmaceuticals, drug delivery, dental materials and other medical markets.
The Performance Materials Division is focused on market applications in
advanced materials for paints and coatings; air and water treatment and
alternative energy including new lithium ion battery electrode materials.
For additional information on Altairnano and its nanomaterials, visit
www.altairnano.com.
Advanced Battery Technologies Inc. (ABAT)
ABAT develops, manufactures and distributes rechargeable Polymer
Lithium-Ion (PLI) batteries. The Company's products include rechargeable
PLI batteries for mine-use lamps, electric automobiles, motorcycles,
cellular phones, notebook computers, walkie-talkies and other personal
electronic devices. ABAT's batteries combine high-energy chemistry with
state-of-the-art polymer technology, and overcome many of the shortcomings
associated with other types of rechargeable batteries.
The Company began operations in September of 2002 and has made tremendous
progress in the past twenty months. ABAT has gone from a startup, to a
fully functional, leading edge, technology driven, product development and
manufacturing company. ABAT has also accumulated a roster of pending
patents for its battery technology and plans on developing additional
unique energy related products. The Company operates in the highest growth
sector of the battery industry, with PLI batteries projected to account for
one fourth of the market for IT and communications devices by 2005.
Nice chart ;)
I don't see any resistance till 1.6, with the volume coming in looks to blow right through that. RPTN.OB AND ABAT.OB, look like two very good plays right now.
ABAT on fire! ;)
It gapped up and I missed my entry. Looks like I'll have to set it slightly higher now.
pompano i noticed this momentum stocks that gap up just 5% wont return the same day...i always buy them when not up more than 5%-7%...espacially if the 3 years chart looks so nice like here...
BTW, nice T3ML for ABAT ;)
Watch out ABAT for next week, I believe there is more for it. ;)
Happy weekend to everyone! ;)
Up a penny and ABAT.ob still looks good. 9 sma is hoovering right underneath, this could be a sign for another BIG white Marubuzo before pulling back to abyss. ;)
...could be making another run
RADAR!
Advanced Battery Technologies, Inc. Adds New Production Line
Tuesday March 20, 8:30 am ET
HARBIN, CHINA--(MARKET WIRE)--Mar 20, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News), 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."
another 10% today and it closed at the HOD.
GLTA...Jody
Quote from: 422fwhp on March 21, 2007, 05:35:58 PM
another 10% today and it closed at the HOD.
GLTA...Jody
Another 10% Jody, ABAT is a money machine ;)
I sold today for nice gains...probably a little premature
Profit is profit.
GLTA.....Jody
Tarliso,
Do you think this will fall to the 50 MA? Might be a good buy then.
Seems to have been a lot of dilution ...
current ... 49.6 million shares
2005 ... 25 million shares
2004 ... 12.9 million shares
http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=US:ABAT&lstStatement=10YearSummary&stmtView=Ann (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=US:ABAT&lstStatement=10YearSummary&stmtView=Ann)
Yahoo had a nice article on them and seems like they have a positive future at least for the next year. That's when I started paying attention. Dilution is a big concern though.
You guys timed it great. I'll be paying attention to this one.
I'm watching for it to get/stay above the 9sma which today stands at $1.40
GLTA...Jody
Well it did that day of the previous post and that's when I bought...looking good so far
I should take back my position also, ABAT on the move. ;)
Advanced Battery Technologies, Inc. Reports Record 2006 Year-End Results
Monday April 16, 3:57 pm ET
HARBIN, CHINA--(MARKET WIRE)--Apr 16, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, today announced that it has achieved significant improvements in its operational performance in fiscal year 2006, and is optimistic about its performance in the fiscal year 2007.
ADVERTISEMENT
Revenues for 2006 totaled $16,329,340, compared to $4,222,960 for 2005, an increase of $12,106,380, or approximately 287%. General and administrative expense for 2006 totaled $1,604,878 or approximately 10% of revenue, compared to $1,254,454, or approximately 30% of revenue for 2005. Gross margins on sales improved to about 55% in 2006 as compared to 33% during 2005. The company reported 2006 net profit of $5,990,548, or $0.13 per fully diluted share, up from a net loss of $157,637, or $0.01 per fully diluted share, in 2005.
Mr. Zhiguo Fu, CEO and chairman of ABAT, said, "This was an exciting and important year in the development of our company. The strong increase in revenue was attributable to the successful expansion of our manufacturing capabilities and our product lines to meet the needs of existing and new customers. This growth reflected the continued demand for our advanced PLI batteries."
Mr. Fu also said, "As reported, we have a backlog of approximately $18.180 million from 48 customers versus $6.360 million backlog from approximately 12 customers for the same period last year. In addition, we continue to solicit new orders from both existing and new customers, which will place us strongly into the global battery market and as such, we are optimistic for 2007. Management wishes to express its appreciation for the strong support from shareholders and employees over the past year."
ABAT may make new 52wk highs tomorrow. I bought ABAT a few days ago at 1.57 :).
Did we break Apr.'05 resistance? I'm itching to take profits but dont wanna prematurely pull the trigger....hate it when that happens!
updated ABAT chart looking for an good entry point >:D
The most recent uptrend line that I could see is the red line.
However, using symemetry and combined with the other indicators, it looks like the blue uptrend line has a more logical and sustainable angle of attack.
The green uptrend line is another possibility that I could see.
Let's see which one the market decides to use.
Tempted to take some profits...maybe it'll gap up tomorrow and make my mind up for me :o
Well, I sold at the open and then watched it go down and just KNEW I made the right decision...that's rarely the case and it sure did rally back...but hey, profit is profit and I'll take that double.
GLTA the holders...I'll see if mother market will shake some weak hands and maybe I'll get lucky again.
Jody
Bought at the open today...looking pretty good, imo.
chart! :o
Advanced Battery Technologies, Inc. Reports Record 2007 First Quarter Results
Revenues up 181% and Net Profit up 498% for the First Quarter 2007
Growth is good,
this looks like it will go higher than the current price.
Candlestick Analysis
Today's Candlestick Patterns:
White Closing Marubozu
Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.
Important Factors:
What a White Closing Marubozu says about the future course of the prices depends a lot on the general picture just as in the case of White Marubozu. White Closing Marubozu can possibly be the first part of a bullish continuation pattern or it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.
The White Closing Marubozu is a single candlestick pattern with low reliability. It only reflects one day's trading and it may show the continuation of the trend but it may also indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.
52wk Range: 0.56 - 3.13
Volume: 764,493
Avg Vol (3m): 434,961
Technicals
Last Price Quote is:
4.07%above 13-day MA
21.52%above 50-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): $133.99
P/E Ratio: 22.58
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Who's the chart master? I read about this candlestick formation at one point in my life...but I can't remember what it said ??? :-\ :( ::)
Any help would be greatly appreciated. Still holding shares...
Thanks...Jody
ABAT update
Advanced Battery Technologies Announces Financial Results
Tuesday , August 14, 2007 11:02ET
NEW YORK, NY and HARBIN, CHINA -- (MARKET WIRE) -- 08/14/07 -- Advanced Battery Technologies, Inc. (OTCBB: ABAT) today announced financial results for the Company's second quarter and first half ended June 30, 2007. Revenues for the second quarter increased 140% to $7.7 million, as compared with $3.2 million for the second quarter 2006. Net income for the second quarter increased 490% to $3.3 million or $0.066 per fully diluted share, as compared with $571,665, or $0.013 per fully diluted share for the same period in 2006.
Revenues for the six-month period ended June 30, 2007 increased 157% to $13.1 million, as compared with $5.1 million for the same period in 2006. Net income for the first six months of 2007 increased to $4.6 million, as compared with $840,198 for the same period a year ago. Earnings per fully diluted share for the six-months ending June 30, 2007 increased 452% to $0.092, as compared with $0.019 from the same period 2006. As of July 2007, our backlog stands at a record of approximately $33 million, up significantly from prior periods.
Mr. Fu, Chairman of Advanced Battery, stated, "We are extremely pleased with our continued growth in revenues and net income and we are optimistic for the balance of 2007 and beyond as the need for advanced polymer lithium-ion batteries such as ours continues." Mr. Fu concluded that Management again wishes to express its appreciation for the continuing strong support from shareholders and employees over the past quarter.
&
ABAT: Q2 EPS 7c vs 1c EPS +600% Y/Y
Tuesday , August 14, 2007 08:40ET
QUARTER RESULTS
Advanced Battery Technologies Inc (ABAT) reported Q2 results ended June 2007. Q2 Revenues were $7.70M; +142.14% vs yr-ago. Q2 EPS was 7c; +600.00% vs yr-ago.
Q2 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $7.70M $3.18M +142.14% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: 7c 1c +600.00% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
Looks ready to spring again. Another fast moving chinese stock that just reported good earnings. Needs to close above 3 or higher with strong volume to break out of ascending triangle. Maybe soon. ;)
One of these days I think it will stay above 3.0 for good. It broke out, then retraced for a while, then moved back up yesterday, and now back below 3 - but today on low volume. I do think it will go up for good one of these days. At least the moving averages - no matter which ones you look at - all basically have a positive slope.
Maybe today is the day it will stay above 3 for good?!? :o
ABAT was fun to own today with nearly 8% gain. And is looking bullish for tomorrow by closing at the high of the day. In fact it closed at the same price as 3 weeks ago when the following day it put the smack down on some traders with a real ugly big red candle - closing back below 3. I think now will be different though as it has already retraced from the breakout to test the 2.70's and has come back.
Check out the volume increase this afternoon on the 10 min chart. I'd like to see a minimum of 400k vol, or preferably 500 to 600k to confirm a healthy breakout for several sessions at least. Looking at the chart, ABAT is capable of big moves so I wouldn't be surprised about what moves we could see soon. Hopefully up! ::)
thanks fous:
;)
http://**********.net/
Yes, fous has had this on his bull list several times as far back as April 12. There is also a thread on **********.net on the penny board.
Volume is looking good today currently at 342,000 and up 0.19. If it can hold the gains today, it will be a nice day and set new 52 week high. Very bullish looking IMHO.
;)
Very nice indeed! ;D This is what was needed and gives a much better chance of maintaining a breakout above say 3.1. High volume, with an intraday retracement to test the previous intraday high at 3.35, then moved back up. Check out the 5 min chart to see this.
I wouldn't be surprised to see another solid day tomorrow but also could consolidate a little. Only tomorrow knows. ;)
Breakout still rolling strong with great volume. I would expect at least a temporary top soon so if it hits around 4 intraday early next week I may take profit - maybe half my shares. I think this one has good future potential as the current PE is still only 19 and sales/earnings are growing fast.
http://biz.yahoo.com/iw/070814/0290439.html
Also look at the weekly chart, it also looks very bullish. ;)
J
Sold today into strength. May have left some $ on the table but that's ok. Made 44% in 4 weeks. ;D
I'll watch for another good entry. I think this one can still go up.
on fire >:D
ABAT: Enters Contract with Wuxi Angell Autocycle Co. Worth $4.6M for Batteries
Monday , September 24, 2007 08:37ET
Advanced Battery Technologies, Inc. (ABAT) announced that it has entered into a contract with Wuxi Angell Autocycle Co., Ltd. to produce $4.6 million worth of polymer lithium-ion battery sets. Wuxi Angell Autocycle Co., Ltd. manufactures motorized vehicles, including e-bikes, ATVs, scooters, pocket bikes, dirt bikes, go-karts, snow scooters, and sea scooters, for domestic and overseas markets. Advanced Battery Technologies, Inc. develops, manufactures and distributes rechargeable polymer lithium-ion (PLI) battery cells.
new 52 weeks high >:D >:D
ABAT: Jumps +7.83%; Vol +142%; Last 90 Min of Trading
Wednesday, September 26, 2007 16:21ET
During the last 90 minutes of today's session, shares of Advanced Battery Technologies Inc (OTCBB: ABAT) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.
sym: ABAT @13:30 ET @CLOSE % CHANGE
---------- ----------- ----------- ------------
PRICE $4.98 $5.37 +7.83%
VOLUME 274,400 664,600 +142.20%
#TRADES 328 690 +110.37%
DAY-HI $4.99 $5.38 LATE-HI
DAY-LO $4.85 $4.85 N/A
Press Release Source: Advanced Battery Technologies
Advanced Battery Technologies Approved for Listing on the American Stock Exchange
Wednesday October 3, 11:59 am ET ;) ;D 8)
Advanced Battery Technologies' New Ticker Symbol Will Be GBT
NEW YORK, NY and HARBIN, CHINA--(MARKET WIRE)--Oct 3, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News) announced today that its common shares have been approved for listing on the American Stock Exchange ("AMEX"). Advanced Battery Technologies will announce in a later release the anticipated date on which trading on the AMEX will commence. Advanced Battery Technologies designs, produces and distributes rechargeable polymer lithium-ion (PLI) batteries and battery cells.
The listing approval is contingent upon Advanced Battery Technologies being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Advanced Battery Technologies is not in compliance with such standards.
"We are excited to be joining the many emerging growth companies listed on the American Stock Exchange. Our time as a public company in the U.S. has yielded many positive events, and we are even more enthusiastic about our future prospects," stated Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, Inc. "Through our AMEX listing we will broaden our company's visibility, affording us greater opportunities to continue to increase the value for our shareholders. Our technologies, current and those under development, are poised to be significant contributors to future modes of transportation, consumer appliances and a host of other applications. We expect to continue to expand our operations as a result of the enormous opportunities that lie ahead of us as a company," concluded Mr. Fu.
About Advanced Battery Technologies
Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries and battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI battery cells for use in electric vehicles, mine lamps, and consumer electronics, such as cellular telephones, laptop computers, and digital cameras. ABAT maintains research and development 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.
This presentation contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, which 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 presentation. These risks and uncertainties include, without limitation, risks that the results of future performance will not be consistent with the forward-looking statements, risks that the backlog will not be fulfilled due to reasons of either the Company or the customer, and the risks that the batteries of competitors receive better market acceptance than those of the Company's PLI batteries. Other risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB, 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. We undertake no obligation to revise or update any forward-looking statements.
Contact:
Contact:
John Tsemberides
ROI Group LLC
212.495.0743
[email protected] --------------------------------------------------------------------------------
Source: Advanced Battery Technologies
Press Release Source: Advanced Battery Technologies
Advanced Battery Technologies Announcement of Trading on the American Stock Exchange
Thursday October 4, 12:56 pm ET
Advanced Battery Technologies' New Ticker Symbol Will Be GBT
NEW YORK, NY and HARBIN, CHINA--(MARKET WIRE)--Oct 4, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News) announced yesterday (October 3, 2007) that its common shares had been approved for listing on the American Stock Exchange ("AMEX"). As an addendum to that announcement the ;) Company further advises shareholders and other market participants that its shares are expected to commence trading on the American Stock Exchange on Tuesday, October 9, 2007. The new trading symbol will be GBT. ;D
The listing approval is contingent upon Advanced Battery Technologies being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Advanced Battery Technologies is not in compliance with such standards.
Mr Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, stated: "Management wishes to express its appreciation for the strong support from its shareholders, and to point out that listing on the Exchange is an important and exciting event in the development of our Company."
About Advanced Battery Technologies
Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries and battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI battery cells for use in electric vehicles, mine lamps, and consumer electronics, such as cellular telephones, laptop computers, and digital cameras. ABAT maintains research and development 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.
This presentation contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, which 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 presentation. These risks and uncertainties include, without limitation, risks that the results of future performance will not be consistent with the forward-looking statements, risks that the backlog will not be fulfilled due to reasons of either the Company or the customer, and the risks that the batteries of competitors receive better market acceptance than those of the Company's PLI batteries. Other risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB, 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. We undertake no obligation to revise or update any forward-looking statements.
Contact:
Contact:
John Tsemberides
ROI Group LLC
212.495.0743
[email protected]--------------------------------------------------------------------------------
Source: Advanced Battery Technologies
>:D >:D >:D
ABAT: Jumps +6.25%; Vol +51%; Last 90 Min of Trading
Friday , October 05, 2007 16:21ET
During the last 90 minutes of today's session, shares of Advanced Battery Technologies Inc (OTCBB: ABAT) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.
sym: ABAT @13:30 ET @CLOSE % CHANGE
---------- ----------- ----------- ------------
PRICE $7.84 $8.33 +6.25%
VOLUME 1,170,900 1,772,900 +51.41%
#TRADES 1,311 1,859 +41.80%
DAY-HI $7.95 $8.38 LATE-HI
DAY-LO $7.24 $7.24 N/A
TODAY'S RAiDAR HEADLINES for ABAT:
10/05/2007 10:26 ABAT: Volume Spike; 12% > 20-adsv, Stock +9.90% - knobias
10/05/2007 08:51 ABAT: New 52-Wk High @ $7.400 up 6.17% - knobias
10/05/2007 06:53 AnalystStockReport.com: FFDH Hot Penny Stock - m2
10/05/2007 06:24 ABAT: Filed New Form 8-A12B, 12b Registration - 10kwizard
ABAT will be listed on the AMEX next week. I think people are thinking it will run like GSI did when it got listed.
Advanced Battery Technologies Approved for Listing on the American Stock Exchange
Wednesday October 3, 11:59 am ET
Advanced Battery Technologies' New Ticker Symbol Will Be GBT
NEW YORK, NY and HARBIN, CHINA--(MARKET WIRE)--Oct 3, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News) announced today that its common shares have been approved for listing on the American Stock Exchange ("AMEX"). Advanced Battery Technologies will announce in a later release the anticipated date on which trading on the AMEX will commence. Advanced Battery Technologies designs, produces and distributes rechargeable polymer lithium-ion (PLI) batteries and battery cells.
ADVERTISEMENT
The listing approval is contingent upon Advanced Battery Technologies being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Advanced Battery Technologies is not in compliance with such standards.
"We are excited to be joining the many emerging growth companies listed on the American Stock Exchange. Our time as a public company in the U.S. has yielded many positive events, and we are even more enthusiastic about our future prospects," stated Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies, Inc. "Through our AMEX listing we will broaden our company's visibility, affording us greater opportunities to continue to increase the value for our shareholders. Our technologies, current and those under development, are poised to be significant contributors to future modes of transportation, consumer appliances and a host of other applications. We expect to continue to expand our operations as a result of the enormous opportunities that lie ahead of us as a company," concluded Mr. Fu.
Good level here...IMO...just sitting above $4
Also sitting just above the 13dma but BELOW the 50dma...
Recent news: http://biz.yahoo.com/iw/080107/0345110.html (http://biz.yahoo.com/iw/080107/0345110.html)
Advanced Battery Technologies Announces $23.4 Million Contract With Wuxi Angell AutocycleMonday January 7, 8:45 am ET
Wuxi Angell's Products Available in 48 Countries Worldwide
NEW YORK, NY and HARBIN, CHINA--(MARKET WIRE)--Jan 7, 2008 -- Advanced Battery Technologies, Inc. (AMEX:GBT - News) today announced the signing of a contract with Wuxi Angell Autocycle Co., Ltd. to produce battery cells for 150,000 electric bicycles and motorcycles by the end of 2008. Wuxi Angell Autocycle Co., Ltd. is a leading manufacturer of electric vehicles. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment, and a variety of consumer electronics.
GBT battery cells will be used in electric bicycles and motorcycles produced by Wuxi for export to the A.T.U. Corporation of Germany. A.T.U. has a number of subsidiaries worldwide and 49 overseas sales distributors.
"We are extremely pleased to have our batteries used in Wuxi's electric bicycles and motorcycles being exported to the A.T.U. Corporation of Germany," stated Mr. Zhiguo Fu, CEO of Advanced Battery Technologies. "Wuxi's substantial market reach, extended by A.T.U.'s equally significant reach, assures broad recognition for our PLI battery cells and their superiority over competitor products. This will be extremely beneficial as we advance our marketing efforts into new countries," Mr. Fu concluded.
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. GBT develops PLI batteries for use in electric vehicles, mine lamps, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. GBT maintains research and development, 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.
Forward-Looking Statements:
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. Risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB 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.
Contact:
Contact:
John Tsemberides
ROI Group LLC
212.495.0743
[email protected] --------------------------------------------------------------------------------
Source: Advanced Battery Technologies, Inc.
Nice pop on nasdaq listing news...