China Sun Group Receives Patent Approval on High-Crystallinity Lithium Cobalt Oxide Preparation
September 02 2008 - 9:19AM
PR Newswire (US)
LIAONING PROVINCE, China, Sept. 2 /PRNewswire-FirstCall/ -- China
Sun Group High-Tech Co. ("China Sun Group") (OTC:CSGH) (BULLETIN
BOARD: CSGH) , which through its wholly-owned subsidiary Dalian
Xinyang High-Tech Development Co. Ltd ("DLX") has the second
largest cobalt series production capacity in the People's Republic
of China ("PRC"), today announced that it has successfully
completed registration with the PRC's State Intellectual Property
Office ("State Office") on Patent Application #200410020870.1. The
patent is related to China Sun Group's proprietary methodology for
preparing high-crystallinity lithium cobalt oxide. Bin Wang, Chief
Executive Officer of the China Sun Group, said, "We are pleased to
continue to expand our intellectual property portfolio. We expect
to receive the official patent certificate in-hand later this
month." China Sun Group received approval of its patent application
from the State Office on June 27, 2008. China Sun Group then began
registration following the standard national procedures of the
State Office. The registration period is typically about two to
three months pursuant to Term 54 of Patent Law and No. 75
Announcement of the Patent Bureau. On July 11, 2008, China Sun
Group completed its registration and received notification from the
State Office that a formal patent certificate would be issued to
the Company in mid- September 2008. About China Sun Group China Sun
Group High-Tech Co., ("China Sun Group") produces anode materials
used in lithium ion batteries. Through its wholly-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 the People's Republic of China. Through its research
and development division, DLX owns a proprietary series of
nanometer technologies that supply state-of-the-art components for
advanced lithium ion batteries. Leveraging its state-of-the-art
technology, high- quality product line and scalable production
capacity, the Company 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/. Safe Harbor Statement The
statements contained herein that are not historical facts are
considered "forward-looking statements." Such forward-looking
statements may be identified by, among other things, the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "should," or "anticipates" or the negative thereof or other
variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. In particular,
statements regarding the potential growth of the markets are
examples of such forward-looking statements. The forward-looking
statements include risks and uncertainties, including, but not
limited to, the effect of political, economic, and market
conditions and geopolitical events; legislative and regulatory
changes that affect our business; the availability of funds and
working capital; the actions and 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/. Contact:
China Sun Group Thomas Yang Assistant to the President Tel:
917-432-9350 (U.S.) or 86 411 8289-7752 (China) Fax: 86 411
8289-2739 e-mail: DATASOURCE: China Sun Group High-Tech Co.
CONTACT: Thomas Yang, Assistant to the President of China Sun
Group, +1-917-432-9350 (U.S.), or +86-411-8289-7752 (China), Fax,
+86-411-8289-2739, Web site: http://www.china-sun.cn/
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