SHENZHEN, China, October 19, 2011 /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 will attend the 2011 International New Energy Application and Battery Exhibition hosted by China Battery Industry Association to be held in Beijing from October 30 to November 1, 2011.
China BAK will exhibit its various cell types, including 18650, 26650, 26700 and 36800 cells, and various modules for use in Electric Vehicles (EVs) and e-bikes. The Company's new single battery was developed as a result of the Company's research efforts to address the challenging technical problems associated with the internal high temperature conditions of a battery, will also be displayed at the exhibition. The Company's single battery module, with a capacity of 100Ah, consists of a number of 18650 cells, and is based on module standardization, adopting the mature 18650 cell technology and American modular techniques. The Company recently announced the launch of this new product at its 10th anniversary celebration in September 2011. In addition, China BAK will have on display three e-bikes and four power tools powered by the Company's lithium batteries to enhance attendees' experience and provide a better understanding of the Company's products.
"We are looking forward to the opportunity to showcase our products at one of the largest annual new energy exhibitions, which represents the level and orientation of China's new energy industry," commented Mr. Xiangqian Li, CEO of China BAK. "We believe the exhibition will provide us with an attractive platform to present our product portfolio and R&D achievements. We expect that a greater number of auto manufacturers and e-bike manufacturers will be able to better understand our products, enabling us to expand our market share and strengthen our market recognition."
About the International New Energy Application and Battery Exhibition
The 2011 International New Energy Application and Battery Exhibition is hosted by China Battery Industry Association and will be held in the China International Exhibition Center from October 30 to November 1. Centered on the concept "prospected by policy, led by technology, expanded by market and nurtured by financing," the exhibition focuses on exhibition of battery products and components, new energy application and industrial base achievement, and new energy technology, information and investment service. The exhibition typically attracts about 200 well-known academic scholars, high-level government leaders and business leaders in new energy enterprises, over 500 national and international enterprises and institutions and over 10,000 other visitors. For more information regarding the 2011 International New Energy Application and Battery Exhibition, please visit http://www.cineexpo.cn.
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, 2010, 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.
