HAINAN, China, April 21 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. (Nasdaq: BEST), an emerging global leader in the anti-counterfeiting and advanced packaging industry, today announced that two of the Company’s research and development projects were selected as “Key Sci-tech Projects of Hainan Province” by the Department of Science and Technology of Hainan Province PRC.
Shiner’s project in the area of advanced “silicon release coated films development and industrialization” was recognized for its leading technology focused on helping to industrialize the coated film business. As part of the award recognition, the project received a funding supplement from the government of Hainan province of RMB 200,000 for ongoing product development.
The second project recognized by the Department of Science and Technology is related to Shiner’s ongoing development of “complex color printing film technology development and industrialization,” focused on creating new eco-friendly technologies for both film production and color printing, with an emphasis on sustainable business processes.
"We are pleased that our ongoing R&D efforts have been recognized by the Department of Science and Technology, whose focus on innovative technologies within the PRC is second to none,” said Mr. Jian Fu, CEO of Shiner International. “We have already begun to see the benefits of our R&D efforts on a global scale, as these projects have yielded highly sought-after environmentally sound products. This recognition, combined with our ongoing global product success, encourages us to continue our thought leadership in the development of coated film, packaging and color printing products.”
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- China’s "Hawaii” -- Shiner’s products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60% of Shiner’s current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 14 patents on products and production equipment, and has additional patent applications pending. The Company’s coated films meet the approval of U.S. FDA requirements, as well as those required for food packaging sold in the EU. Shiner’s product manufacturing process is certified under ISO 9001:2000.
Safe Harbor Statement
All statements in this press release that are not historical are forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.’s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner’s filings with the Securities and Exchange Commission.
For more information, please contact:
Company Contact:
Shiner International, Inc.
Ms. Maggie DanDan Xing
Tel: +86-138-7668-7688
Email: info@shinerinc.com
Investor Relations Contact:
Lambert, Edwards & Associates
Mr. Noel Ryan
Tel: +1-616-233-0500
Email: nryan@lambert-edwards.com
