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LianDi Clean Technology Inc. Receives 3 New Software Copyright Certificates

2010-08-31 00:06 839

Software Copyright Certificates Provide Copyright Protection for 50 Years

    BEIJING, Aug. 31 /PRNewswire-Asia/ -- LianDi Clean Technology Inc. (OTC Bulletin Board: LNDT), ("LianDi" or the "Company"), a provider of clean technology, downstream flow equipment, engineering services and software to China's leading petroleum and petrochemical companies, today announced that it has received copyright registration certificates from the National Copyright Administration for three new software products. The registration certificates cover 1) its automated stock replenishment module software, 2) resource scheduling optimizer software and 3) distribution planning optimization software, and provide copyright protection for 50 years.

    "Innovation is one of the core strengths of our Company. The recently received copyrights for three new software products brings our total software copyrights to six and allow us to further leverage our technology advantages," continued Chairman Zuo. "We expect gross margins on these software sales to be between 80%-90% and intend to build on these technology platforms to develop new software modules."

    A brief summary of the 3 new software products:

    1) Automated Stock Replenishment Module Software: Collects real-time inventory data from all terminal points in various locations, monitors and controls inventory levels throughout the network; automated to send purchase orders directly to the manufacturer to replenish inventory stock.

    2) Resource Scheduling Optimizer Software: Ensures that all manufacturers maintain a reasonable level of production capacity and makes certain that each terminal point does not incur supply shortages.

    3) Distribution Planning Optimization Software: Optimizes the path and delivery method for manufacturers, resulting in lower costs and timely delivery of product.

    About LianDi Clean Technology Inc.

    LianDi was established in July 2004 to serve the largest Chinese petroleum and petrochemical companies. Through its four operating subsidiaries, Hua Shen Trading (International) Ltd., Petrochemical Engineering Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical Engineering Ltd., the Company distributes a wide range of customized valves and equipment and provides associated value-added technical and integration service. The Company also develops and markets proprietary optimization software for the polymerization process. In addition, LianDi is focused on the large, rapidly growing, clean technology market for oil refineries, projected to reach over $1 billion in the next 10 years. This market is expected to benefit from favorable Chinese government policies, including tax benefits and other incentives.

    About PetroChina Company Limited

    PetroChina Company Limited primarily engages in the exploration, production, and sale of crude oil and natural gas primarily in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Exploration and Production segment explores, develops, produces, and sells crude oil and natural gas. As of December 31, 2009, it had 11,263 million barrels of proved reserves of crude oil; and 63,244 billion cubic feet of proved reserves of natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets petrochemical products, derivative petrochemical products, and other chemical products. This segment's product line comprises processed crude oil, gasoline, kerosene, diesel, ethylene, synthetic resins, synthetic fiber materials, polymers, synthetic rubber, and urea. The Marketing segment engages in the marketing of refined products and trading business. As of December 31, 2009, it operated 17,262 service stations. The Natural Gas and Pipeline segment involves in the transmission of natural gas, crude oil, and refined products, as well as in the sale of natural gas. As of December 31, 2009, its pipelines measured a total length of 50,627 kilometers, including 28,595 kilometers of natural gas, 13,164 kilometers of crude oil, and 8,868 kilometers of refined product pipelines. The company was founded in 1988 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.

    Cautionary Statement Regarding Forward-Looking Information

    This press release may contain certain "forward-looking statements" relating to the business of LianDi and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the proceeds from the private placement on the Company's short term business and operations; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ).

Source: LianDi Clean Technology Inc.
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