SHENZHEN, China, Dec. 21 /Xinhua-PRNewswire/ -- China BAK Battery, Inc.
("China BAK" or "BAK") (Nasdaq: CBAK), today announced it has appointed Dr.
Zhongyi Deng as its new Vice President of Business Development. In this newly
established position, Dr. Deng will focus on supporting China BAK's OEM
qualification and certification activities and communicating with potential
customers. He reports directly to Mr. Li, China BAK's Chief Executive Officer.
Commenting on his new position, Dr. Deng said, "It is with great pleasure
that I accepted the opportunity to work with China BAK, one of the largest
manufacturers of rechargeable lithium-based battery cells in China and the
world. I look forward to supporting China BAK's OEM qualification and
certification efforts."
"We are pleased to welcome Dr. Deng as the newest member of the BAK senior
management team. The demands of our business warranted adding an officer with
a technical background to serve as a liaison to potential new OEM customers.
Given his strong background in the lithium battery market and expertise in the
research and development, Dr. Deng is an ideal candidate to fill this role,"
commented Xiangqian Li, China BAK's Chief Executive Officer. "His working
experience in Asia and the US is a great fit for BAK as we pursue the business
from international OEMs."
Dr. Deng has over ten years of experience in the lithium battery industry,
including research and development ("R&D"), battery testing and evaluation at
several global companies. Prior to joining China BAK, Dr. Deng served as
Director of Technology & Marketing for Ferro Corporation from 2004 to 2006,
where he oversaw R&D activities in both the U.S. and Suzhou, China, and
technical service, sales and marketing in Asia. Dr. Deng also served as Ferro
Corporation's Technical Manager and Senior Scientist from 2002 to 2003, where
he led to build electrolyte R&D centers in Cleveland, USA and Suzhou, China.
His work on electrolytes has been rewarded by seven US patents. From 1996
until 2001, he held several positions at Moltech Corporation, a lithium
rechargeable battery developer based in Tucson, Arizona, including Manager of
R&D. His work resulted in three granted US patents. Prior to working at
Moltech, Dr. Deng worked at Lawrence Berkeley National Lab for 2 years where
he worked on lithium polymer battery R&D -- a USABC (Advanced Battery
Consortium) project. Dr. Deng has a Ph.D. in Chemistry from University of
Waterloo in Ontario, Canada. He also holds both Masters of Science and
Bachelors of Science degrees in Chemistry from Wuhan University in Wuhan,
China.
About China BAK Battery Inc.
China BAK Battery, Inc. is one of the largest manufacturers of lithium-
based battery cells in China and in the world, as measured by production
output. It produces battery cells that are the principal component of
rechargeable batteries commonly used in cellular phones, notebook computers,
cordless power tools and portable consumer electronics, such as digital media
devices, portable media players, portable audio players, portable gaming
devices and personal digital assistants ( or PDAs). China BAK's 1.9 million
square feet facilities are located in Shenzhen, PRC, and have been recently
expanded to produce new products. China BAK is the largest manufacturer of
lithium-ion battery cells for China's cellular phone replacement battery
market.
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, 2006, filed with the U.S. Securities and Exchange
Commission, 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.
