Advanced Battery Spiking over 10% on Contract

Advanced Battery Technologies ABAT announced that on June 1, 2011 it had signed, through its subsidiary—Wuxi Zhongqiang Autocycle Co., Ltd., a sales contract with Wuxi Hao Jie Vehicle Co., Ltd. The sales contract is for 24,000 electric vehicles, which include E Bikes and scooters, for a total value of $14,730,000 USD (approximately 95,780,000 RMB). The contract will be fulfilled from June 1, 2011 through May 31, 2012. Read more here.