Separately ABAT announced that it has begun shipping its first batch of portable recharging units to its sales agent in the United States. The shipment of the rechargers is the first time the company has entered the United States market with our products.

Earlier this year, ABAT signed a mutually exclusive development agreement for lithium polymer batteries in China with Altair Nanotechnologies. This agreement covers the incorporation of Altair’s battery electrode nano-materials into ABAT’s existing polymer battery product lines and specifically focuses on development of high power, lithium polymer batteries for use in electric vehicles.