Advanced Battery Technologies Announces $4.6 Million Contract With Wuxi Angell Autocycle

September 26, 2007 by Jeff Shepard

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 manufactures motorized vehicles, including e-bikes, ATVs, scooters, pocket bikes, dirt bikes, go-karts, snow scooters, and sea scooters, for domestic and overseas markets. ABAT develops, manufactures and distributes rechargeable polymer lithium-ion (PLI) battery cells.

"We are extremely pleased to be providing these battery sets to Wuxi Angell for use in its products. This order continues to establish Advanced Battery as a maker of superior battery cells," stated Zhiguo Fu of ABAT. "The flexibility of our polymer lithion-ion battery technologies allows us to meet the needs of a diverse, and expanding array of customers. Customization and meeting the unique needs of a given company are fundamental operating principles for our company."