DALIAN, China, Nov. 8, 2010 /PRNewswire-Asia-FirstCall/ -- China
Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun
Group" or the "Company"), a vertically integrated supplier of raw
materials for rechargeable Lithium–ion (Li-ion) batteries in
China, today announced that
"Senkun," its new brand of Lithium Iron Phosphate, was awarded the
"National Quality Trustworthy Products" by Nation High Tech Quality
Supervising Committee on October 25,
2010.
The criteria to qualify for the award includes the
following:
- The product should pass all quality assurance testing without
any fail records;
- The company should have a complete quality assurance system and
be able to operate effectively;
- The product should have a higher market share compared to that
of other similar products in the same industry;
- The product's future development should meet the government's
overall industrial policies.
The Nation High Tech Quality Supervising Committee is a
specialized department under the China High Tech Industrialization
Cooperation Organization (CHC), and was established to provide
businesses both organization and instruction related to quality
assurance.
"We are extremely honored to have received this award and we
view this as a very special recognition for our Lithium Iron
Phosphate product," commented Mr. Guosheng
Fu, the Chief Executive Officer of China Sun Group.
"The recognition is significant given that the product line is an
integral component of our future growth. The award is really a
reflection of the tremendous contribution of all of the Company's
employees and the efficiency of the management team. We will
continue to invest in R&D to strengthen our new product
pipeline and build a strong foundation for Li-ion battery
production in the future."
About China Sun Group High-Tech Co.
China Sun Group High-Tech Co. ("China Sun Group") produces anode
materials used in lithium ion batteries. Through its wholly-owned
operating subsidiary, Dalian Xinyang 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 has recently
diversified into the manufacture of LIP and plans to forward
integrate to manufacture of power Li-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 Company's
ability to become a leading anode material supplier for Li-ion
batteries used in the new energy automobile industry 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.
Company Contact:
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Investor Relations Contact:
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Mr. Guosheng Fu,
CEO
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Mr. Mark Collinson,
Partner
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China Sun Group High-Tech
Co.
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CCG Investor
Relations
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Tel: 86 411 8288
9800 (China)
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Tel: 310-954-1343
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Email: ir@china-sun.cn
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Email: mark.collinson@ccgir.com
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Website: www.china-sun.cn
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Website: www.ccgirasia.com
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SOURCE China Sun Group High-Tech Co., Ltd.