Advanced Battery Tech Signs New Contract to Sell Portable Rechargers

Advanced Battery Technologies, Inc. announced that it has signed a sales contract with Guoan International Holdings, Ltd. (Hong Kong) to supply a total of 120,000 sets of ABAT’s new portable recharging devices. The contract includes the following: 25,000 sets of model CG101-L (Solar charger); 25,000 sets of model CG101-LQ (solar charger); 50,000 sets of model G301 (smart digital portable power supplier); and 20,000 sets of model M628 (portable power supplier for notebook computers). This contract when fully executed is worth about $3,820,000.

Zhiguo Fu, Chairman of Advance Battery Technologies, stated, "We are delighted to announce this new contract because it is not only economically significant for our company, but also it will help create greater public awareness of our new proprietary technology and its applications within the personal electronic market."