NEW YORK, June 9 /PRNewswire-FirstCall/ -- Advanced Battery Technologies, Inc. (ABAT - News), a developer and manufacturer of rechargeable Polymer- Lithium-Ion (PLI) batteries, announced today the successful completion of phase one tests utilizing Altair Nanotechnologies, Inc. (Nasdaq: ALTI) Lithium Titanate Spinel Electrode Nanomaterials in its PLI batteries. The first shipment of Altair's nanomaterials was delivered to Advanced Battery's Harbin, China Research and Development Center in April 2005. The test results for phase one indicated significant improvements in recharge time. The data indicates that when using Altair's rapid charge electrode nanomaterials in Advanced Battery's PLI batteries, recharge time was approximately 30 to 45 minutes, compared to recharge time for existing PLI batteries of approximately three to three and a half hours. During a recent visit to Advanced Battery's Research and Development Center and manufacturing facilities, Altair CTO Dr. Bruce J. Sabacky commented, "I'm very pleased with the results in phase one tests. We will work with Advanced Battery's research and development team closely in the follow-up tests and expect to see additional improvements in other areas." "We're very excited to see the successful results in phase one tests", commented Advanced Battery Chairman Mr. Zhiguo Fu, "Through the cooperation of Advanced Battery and Altair, we're hoping to change the basic economics of energy usage in electric vehicles and produce a fundamental change in consumer attitudes toward the electric vehicle." About Advanced Battery Technologies, Inc. Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other personal electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. The Company has a New York office, with manufacturing facilities in China. ABAT has accumulated a roster of pending patents for its battery technology and is developing unique energy related products. The Company operates in the highest growth sector of the battery industry. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: http://www.zqpt.com/zqenglish/index.htm About Altair Nanotechnologies, Inc. Altair Nanotechnologies, through product innovation, is a leading supplier of advanced ceramic nanomaterial technology worldwide. Altair Nanotechnologies has assembled a unique team of material scientists who, coupled with collaborative ventures with industry partners and leading academic centers, has pioneered an impressive array of intellectual property and product achievements. Altair Nanotechnologies has developed robust proprietary technology platforms for manufacturing a variety of crystalline and non-crystalline nanomaterials of unique structure, performance, quality and cost. The company has a scalable manufacturing capability to meet emerging nanomaterials demands, with capacity today to produce hundreds of tons of nanomaterials. The company is organized into two divisions: Life Sciences and Performance Materials. The Life Sciences Division is pursuing market applications in pharmaceuticals, drug delivery, dental materials, cosmetics and other medical markets. The Performance Materials Division is pursuing market applications in Advanced Materials for paints and coatings; titanium metal manufacturing, catalysts and water treatment; and alternative energy. For additional information on Altair and its nano-materials, visit http://www.altairnano.com . Altairnano(TM), Altair Nanotechnologies, Inc.(R), Altair Nanomaterials(TM), Altairnano(TM) TiNano(R), RenaZorb(TM), NanoCheck(TM), TiNano Spheres(TM) and the Hydrochloride Pigment Process(TM) are trademarks or registered trademarks of Altair Nanotechnologies, Inc. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, 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 release. These risks and uncertainties include, without limitation, risks that the results of subsequent tests will not be consistent with the results of the phase one tests or will reveal technical issues that will prevent development of contemplated batteries or limit the performance of such batteries, the risks that the market for any battery materials or batteries developed as a result of the testing for the market for end-products containing such batteries may be limited, and the risks that other battery materials receive better market acceptance than those described in this release. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. Contacts: Ming Liu Director and Secretary Advanced Battery Technologies, Inc. Tel: 718-359-6866 Email: firstname.lastname@example.org Investor Relations: M. Bradford Randolph Randolph & Wang, Inc. 445 Park Avenue, 14th Floor New York, NY 10022 Tel: 212-759-0097 Email: email@example.com
SOURCE Advanced Battery Technologies, Inc.