Advanced Battery Technologies To List On NASDAQ Capital Market
Advanced Battery Technologies, Inc. (ABAT) announced that on February 26, 2008 its common shares will commence trading on the NASDAQ Capital Market. ABAT shares are currently traded on the American Stock Exchange under the symbol GBT. ABAT develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment, and a variety of other consumer electronics.
"We are extremely gratified to have reached this major milestone," Zhiguo Fu, ABAT Chairman and CEO, stated. "We believe the NASDAQ Capital Market is the ideal exchange for listing of our shares and that listing on the NASDAQ will significantly broaden our exposure. The Small Order Execution System (SOES) feature that NASDAQ possesses ensures that in ‘turbulent’ market conditions small market orders are not forgotten but are automatically processed."