ABAT reported strong 3rd quarter results today. Revenue jumped from $8.6 million dollars in the 3rd quarter of 2007 to $12.7 million in the third quarter of 2008-an increase of 47.7%! Gross profit also increased substantially, from $4.0 million last year to $5.9 million this year, an increase of 47.8%. Net income increased from $3.6 million or $0.07 per diluted share in the third quarter of 2007 to $4.4 million, or $0.08 per diluted share … Read the rest
Tag Archives: ABAT
Advanced Battery Technologies (ABAT) Appoints Dr.Suiyang Huang To The Position Of Chief Technology Officer
Advanced Battery Technologies, a company that manufactures rechargeable polymer lithium-ion batteries, named Dr. Suiyang Huang as their new Chief Technology officer today. Dr. Huang’s responsibilities will include upgrading existing ABAT products and production processes, managing technology standards and production procedures, and developing new and better rechargeable battery products.
Dr. Huang seems eminently qualified for the position. He has a PHD from Universite de Bordeaux,has published over 30 papers, and holds 7 US and 20 Chinese … Read the rest