China BAK to Attend the 2nd China International Smart Grid Technology and Equipment Exhibition
SHENZHEN, China, April 16, 2012 /PRNewswire-Asia/ -- China BAK Battery, Inc. ('China BAK" or the "Company") (NASDAQ: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company's management team will attend the 2nd China International Smart Grid Technology and Equipment Exhibition to be held in Shanghai, China, from May 9-11, 2012.
China BAK will exhibit its energy-storage power solutions for use in solar power stations, wind power stations, smart grids, household energy storage, standby batteries in mobile communication base stations, and uninterruptible power supplies. The Company's energy-storage power solution consists of a number of cells based on mature 18650 cell technology and is based on module standardization and techniques. For more information regarding the 2nd China International Smart Grid Technology and Equipment Exhibition, please visit http://www.smartgridtec-china.com.
"We are looking forward to the opportunity to showcase our products at one of the largest power grid construction exhibitions, which is a high potential end market in the new energy industry," commented Mr. Xiangqian Li, CEO of China BAK. "We believe this exhibition provides an attractive platform to demonstrate our product portfolio and R&D achievements to the attendees. We believe our potential customers in the energy-storage power segment will have a better understanding of our products and R&D capabilities, enhancing our visibility in the industry and further expanding our end market."
About China BAK Battery, Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, notebook computers, e-bikes, electric vehicles, power tools, uninterruptible power supplies, and portable consumer electronics such as portable media players, portable gaming devices, personal digital assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin cover over three million square feet. For more information regarding China BAK Battery, Inc., please visit http://www.bak.com.cn.
Safe Harbor Statement
This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China BAK Battery, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: risks related to China BAK's business and risks related to operating in China. Please refer to China BAK's Annual Report on Form 10-K for the fiscal year ended September 30, 2011, as well as China BAK's Quarterly Reports on Form 10-Q that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. China BAK's actual results could differ materially from those contained in the forward-looking statements. China BAK undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE China BAK Battery, Inc.
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