China Sun Group Announces Technical Improvements to Production Line
March 13 2008 - 11:37AM
PR Newswire (US)
LIAONING PROVINCE, China, March 13 /PRNewswire-FirstCall/ -- China
Sun Group High-Tech Co. (OTC:CSGH) (BULLETIN BOARD: CSGH) , which
through its majority- owned subsidiary Da Lian Xin Yang High-Tech
Development Co. Ltd ("DLX") has the second largest cobalt series
production capacity in the People's Republic of China, announced
today that it has made technological improvements to its production
line by increasing the lifetime and performance of mixing bowls
used during anode material production. DLX's in-house technical
staff has developed a new material that enables the mixing bowl to
achieve uniform heat conduction and increase the stability of anode
materials. As a result of the Company's new innovation, the life
cycle of the bowl's use has been extended from 30 uses per bowl to
180 uses per bowl. At the same time, the working temperature inside
the bowl can be raised from 900 degrees C to 1280 degrees C,
shortening the calcining time (thermal treatment process) from 6.5
hours to 5 hours. "The versatility of this unique material enables
us to increase production of anode materials, while lowering our
direct costs from 1.26RMB to 0.44 RMB per bowl use, or $0.18 to
$0.06 USD per bowl use. The total cost of our finished goods can be
now be decreased by 820 RMB per ton or $116 USD per ton," said Wang
Bin, CEO of China Sun Group High-Tech Co. About China Sun Group
High-Tech Co. China Sun Group High-Tech Co., formerly known as
Capital Resource Funding, produces anode materials used in lithium
ion batteries. Through its majority- owned operating subsidiary, Da
Lian Xin Yang High-Tech Development Co. Ltd ("DLX"), the company
primarily produces cobaltosic oxide and lithium cobalt oxide.
According to the China Battery Industry Association, DLX has the
second largest cobalt series production capacity in China. Through
its R&D group, DLX owns a proprietary series of nanometer
technologies that supply state-of-the- art components for advanced
lithium ion batteries. Leveraging its technological leadership in
China, high-quality product line and scalable production capacity,
DLX plans to create a fully integrated supply chain from the
primary manufacturing of cobalt ore to finished products, including
lithium ion batteries. For more information, visit
http://www.china-sun.cn/English/Aboutus.asp. Safe Harbor Statement
The statements contained herein that are not historical facts are
considered "forward-looking statements" within the meaning of
Section 21E of the Securities and Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements may be identified by, among other
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initiatives of current and potential competitors; investor
sentiment; and our reputation. We do not undertake any
responsibility to publicly release any revisions to these
forward-looking statements to take into account events or
circumstances that occur after the date of this report.
Additionally, we do not undertake any responsibility to update you
on the occurrence of any unanticipated events, which may cause
actual results to differ from those expressed or implied by any
forward-looking statements. The factors discussed herein are
expressed from time to time in our filings with the Securities and
Exchange Commission available at http://www.sec.gov/. DATASOURCE:
China Sun Group High-Tech Co. CONTACT: Thomas Yang, Assistant to
the President, China Sun Group, +1-917-432-9350, , or Geoff Eiten,
Investor Relations, OTC Financial Network, +1-781-444-6100 Ext.613,
Web site: http://www.china-sun.cn/
http://www.china-sun.cn/English/Aboutus.asp
http://www.otcfn.com/csgh http://www.sec.gov/
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