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China BAK Battery Awarded 'China Top Brand'

2007-09-13 18:11 1298

SHENZHEN, China, Sept. 13 /Xinhua-PRNewswire-FirstCall/ -- China BAK Battery, Inc. ("China BAK" or "BAK") (Nasdaq: CBAK), one of the largest manufacturers of lithium-based battery cells in the world, today announced that it was awarded the "China Top Brand" for its lithium-ion battery cells by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China. China BAK is among the youngest and fastest-growing enterprises to receive such award in 2007.

China Top Brands are awarded to companies whose products meet high quality standards that are comparable to international products, lead comparable domestic products, are in a leading position in terms of market share and brand recognition in the industry, have high levels of consumer satisfaction and considerable competitive capacity.

The "China Top Brand" designation is valid for three years. During which, the Company is eligible to stamp "China Top Brand" on the "China Top Brand" product and its packaging, specifications, advertisements and related materials. All products selected as "China Top Brand" are exempt from all kinds of quality checks conducted by different departments in different regions as well as customs inspections at exports. They are also automatically classified as priority products for protection against counterfeiting.

"Through 6 years of efforts, China BAK has been recognized as a leader in the lithium-ion battery industry in China. The recognition as a "China Top Brand" further solidifies our product quality, awareness and our leading position in the industry in China," said Xiangqian Li, China BAK’s Chief Executive Officer. He adds that, "It will further enhance our efforts in developing our brand into a world leading brand."

About China BAK Battery Inc.

China BAK Battery, Inc. is one of the largest manufacturers of lithium-based battery cells 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. More information about BAK (Nasdaq: CBAK) is available at 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, 2006, as well as its Quarterly Reports on Form 10-Q for the first three quarters of fiscal 2007, which are 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.

Source: China BAK Battery, Inc.
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