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:
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
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
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
Director and Secretary
Advanced Battery Technologies, Inc.
M. Bradford Randolph
Randolph & Wang, Inc.
445 Park Avenue, 14th Floor
New York, NY 10022
SOURCE Advanced Battery Technologies, Inc.