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China BAK to Supply Lithium Phosphate Energy Storage Solutions to Sanke

2010-11-16 17:48 2289

SHENZHEN, China, Nov. 16, 2010 /PRNewswire-Asia/ -- China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company entered into a supply agreement to supply the Company's lithium phosphate energy storage solution – Uninterruptible Power Supply (UPS) to China Sanke Electrical Co., Ltd ("Sanke"), a leading China-based manufacturer of commercial and industrial UPSs, Stabilizers and Inverters.

Under terms of the supply agreement, China BAK will supply 10,000 units of UPS to Sanke by the end of this year. UPS is a compact and portable solution powered by China BAK's high-power lithium cells and offers an attractive alternative to more traditional, heavy lead-acid battery and plug-in powered models.

"Our supply agreement with Sanke reflects the growing acceptance of our lithium phosphate energy storage solutions, which offer better reliability, flexibility and immediate delivery. The most common type of battery used in UPS is sealed lead-acid, however, our lithium batteries are small, lightweight and more friendly to the environment," commented Mr. Xiangqian Li, CEO of China BAK. "We continue to work with our customers from initial introduction to final adoption and educate them on the benefits of our technology over traditional lead acid batteries. Our team is actively engaged in developing and delivering new, innovative and reliable energy storage solutions for our customers."

About China Sanke Electrical Co. Ltd.

China Sanke Electrical Co., Ltd. was established in 1993 in China. China Sanke's professional team has 18 years rich experience in dealing with OEM/ODM power products. Sanke is committed to provide high quality products and services to meet diverse customer requirements and diverse market requirements. With the same diligent customer-oriented spirit, Sanke is dedicated to designing, manufacturing, marketing, and introducing a correct and complete line of Stabilizers, UPSs, inverters, and other power products to the diverse demanding power 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, notebook computers and portable consumer electronics such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet and have been recently expanded to support the production of larger batteries for various types of vehicles. 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, 2009, 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.

For more information, please contact:




Mr. Jun Zou


China BAK Battery, Inc.


Chief Financial Officer


Tel: +86 (755) 8977-0598


E-mail: ir@bak.com.cn




Mr. Marcus Cui


China BAK Battery, Inc.


Investor Relations Officer


Tel: +86 (755) 8977-0093


E-mail: ir@bak.com.cn




Ms. Elaine Ketchmere


CCG Investor Relations


Partner


Tel: +1-310-954-1345  


E-mail: elaine.ketchmere@ccgir.com  



Source: China BAK Battery, Inc.
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