Tag Archives: advanced battery

Advanced Battery (ABAT) Providing Apple (AAPL) Tablet PC Battery?

Rumors continue to swirl around Advanced Battery (ABAT) providing the battery for the Apple (AAPL) tablet PC.  The stock  was up about 10% yesterday and is ramping up another 10% this morning in premarket trading.  Briefing.com first reported the rumor yesterday around 11AM EST and the stock begin to move up with big volume, closing the day near the highs with record volume.  It’s adding to the gains following a breakout from a cup with … Read the rest

Ascent Solar (ASTI) & Advanced Battery (ABAT) Sink On Stock Offerings

Ascent Solar (ASTI) (down 15% premarket) and Advanced Battery (ABAT) (down 67% premarket)  are raising some cash through stock offerings.  ASTI announced it intends to commence an underwritten public offering of 4 million shares of its common stock with net proceeds being used for expansion of production capacity and general corporate purposes.  The company also announced that its largest shareholder Norsk Hydro has committed to purchasing about $5 million of common stock in a private … Read the rest

Advanced Battery (ABAT) Announces Intent To Acquire EV Manufacturer Wuxi Angell

Last week, Advanced Battery Tech (ABAT) announced it has entered into a letter of intent to acquire 55% of Wuxi Angell, which it has been working closely with to develop and electric bike.  ABAT will issue 2 million shares of common stock and pay out approximately 3.65 million in cash to acquire a majority portion of Wuxi Angell and the deal is expected to close in the first quarter of 2009. 

Wuxi Angell makes … Read the rest