China Sun Group's New Iron Remover Improves Safety and Performance of Batteries
March 18 2008 - 8:30AM
PR Newswire (US)
LIAONING PROVINCE, China, March 18 /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 following six months of research by its internal
technical staff, DLX has unveiled a new white steel, highly
efficient, water magnetic iron remover. The remover reduces iron
pollution by eliminating large quantities of broken metal bits
produced during normal machine operations, hence producing better
quality finished end products. The remover is now operational in
all DLX equipment. "The adoption of this equipment not only
increases our products' performance, but also decreases their iron
content to less than 0.004%. According to the People's Republic of
China Nonferrous Metals Industry Standard Schedule II, the
percentage of iron in cobaltosic oxide should be less than 0.01%.
We have exceeded these standards for environmental protection. We
believe that we have created a reliable foundation for battery
products' conductibility and safety and this should lead to greater
acceptance of our products by the marketplace," said Wang Bin, CEO
and President of the 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
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as amended, and the Private Securities Litigation Reform Act of
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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 of China Sun Group, +1-917-432-9350, , or Geoff
Eiten, Investor Relations of 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
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