Erayak Power Solution Group Inc. Initiates Plans to Expand into the Middle East and South Asia
September 11 2023 - 8:00AM
Erayak Power Solution Group Inc. ("Erayak" or the "Company")
(Nasdaq: RAYA), a leading manufacturer, designer, and exporter of
high-quality products in the power supply industry, is pleased to
announce that it has plans to expand its business operations and
distribution within the Middle East and South Asia.
The Company is currently in the planning stages to begin
construction of a warehouse in the Middle East and is working to
build relationships with wholesalers in the region. The demand in
this area is strong with growing economies and well-developed
consumer markets. The management plans to institute a
complete market study and investigation beginning in September with
more details to be announced upon completion.
Additionally, Erayak plans to establish an office and a
warehouse near Lyallpur Galleria in Faisalabad, Pakistan. The
Company has already hired five local employees to run regional
operations and has begun collaboration with local wholesalers, with
an initial shipment of trial products that resulted in considerable
demand in the region and prompted a second shipment to be delivered
imminently. The warehouse in Faisalabad, Pakistan is expected to
begin operating at the end of the third quarter of 2023.
Erayak’s Chairman & CEO, Mr. Lingyi Kong, stated, “We are
excited about the plans we are devising in an effort to expand our
reach to growing and dynamic international markets such as the
Middle East and South Asia. Both markets provide us with tremendous
growth opportunities and will enable us to diversify our regional
concentrations and customer base.”
About Erayak Power Solution Group Inc.
Erayak specializes in the manufacturing, research and
development, and wholesale and retail of power solution products.
Erayak's product portfolio includes sine wave and off-grid
inverters, inverter and gasoline generators, battery and smart
chargers, and custom-designed products. Our products are used
principally in agricultural and industrial vehicles, recreational
vehicles, electrical appliances, and outdoor living products. Our
goal is to be the premier power solutions brand and a solution for
mobile life and outdoor living. For more information,
visit: https://erayakpower.com/
Safe Harbor Statement
This press release contains forward-looking statements. In
addition, from time to time, we or our representatives may make
forward-looking statements orally or in writing. We base these
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about future events, which we derive from the information currently
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and our business prospects and opportunities. You can identify
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Company; our ability to keep pace with new technology and changing
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Investor Relations Contact:
Skyline Corporate Communications Group, LLC Lisa Gray, Senior
Account Manager One Rockefeller Plaza, 11th Floor New York, NY
10020 Office: (646) 893-5835 Email: lisa@skylineccg.com
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