China BAK Battery Launches the First Automated Lithium-ion Production Line for Laptop Batteries in China22 July 2006
China BAK Battery, Inc. (Nasdaq: CBAK), one of the largest Li-ion battery cell manufacturer in China and the world, announced today that it has successfully launched the first automated cylindrical, lithium-ion battery cell production line.
The newly-launched production line employs advanced technologies and automation for the manufacture of consistently high-quality cylindrical battery cells for notebook computers.
"Our monthly production capacity has reached two million units, and we believe we are one of the first manufacturers with an automated production line for cylindrical, lithium-ion battery cells in China," said Xiangqian Li, China BAK's Chief Executive Officer. "We believe this will position us to capture opportunities in the global notebook computer battery market."
China BAK Battery develops and manufactures laptop batteries with energy densities of 500wh/L or higher and an average product life span of more than two years, which it believes, meets or surpasses the performance standards of battery cells of leading manufacturers in Korea and Japan. These notebook battery cells are designed to high safety standards from the thermological, electrical and mechanical perspectives. China BAK applies stringent control in materials selection and processing, and has obtained UL, RoHS and other certifications for its notebook battery cell production.
Forward Looking Statements
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 our business and risks related to operating in China. Please refer to our 10-K for specific details on our risk factors. China BAK Battery, Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
About China BAK Battery Inc.
China BAK Battery, Inc. is one of the largest manufacturers of lithium-based battery cells in China and the world. It produces battery cells that are the principal component of rechargeable batteries commonly used to power 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, PDAs and Blackberries. BAK's 1.9 million square feet facilities are located in Shenzhen, PRC, and have been recently expanded to produce new products. BAK has the largest share of the lithium-ion cellular phone replacement battery market in China.
For more information, please contact:
Company Contact:
Jim Groh
Tel: +1-843-342-7809
Email: jim@bakbattery.com
Or
Investor Relations Contacts:
Crocker Coulson
Tel: +1-310-477-9800, ext. 103
Email: crocker.coulson@ccgir.com
Source: prnewswire
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