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China Sun Group Receives 'National Quality Trustworthy Products' Award

2010-11-08 19:36 828

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:

  1. The product should pass all quality assurance testing without any fail records;
  2. The company should have a complete quality assurance system and be able to operate effectively;
  3. The product should have a higher market share compared to that of other similar products in the same industry;
  4. 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:

Investor Relations Contact:              

 

Mr. Guosheng Fu, CEO

Mr. Mark Collinson, Partner

 

China Sun Group High-Tech Co.

CCG Investor Relations

 

Tel: 86 411 8288 9800 (China)

Tel: 310-954-1343

 

Email: ir@china-sun.cn

Email: mark.collinson@ccgir.com

 

Website: www.china-sun.cn

Website: www.ccgirasia.com

 
   


Source: China Sun Group High-Tech Co.
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Keywords: Chemical
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