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CSGH: China Sun Group High-Tech Co. Signs Contracts With Four More Battery Companies to Begin Testing on Eco-Friendly Product
Press Release
Source: China Sun Group High-Tech Co.
LIAONING PROVINCE, China, June 24 /PRNewswire-FirstCall/ -- China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH - News), 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"), announced today that it has entered into contracts with four additional battery production companies to begin testing samples of lithium ion phosphate. A next generation 'green' power source, lithium ion phosphate can be built into batteries that power electric cars, hybrids, scooters, and other state-of-the-art electronic devices.

In addition to DLX's four new testing customers, testing by two of DLX's existing customers, Shandong Zaozhuang and Beijing Zhongke, on the natural attenuation rate curve is nearing completion. Early reports indicate that over the past 45 days, the change of curve has maintained good consistency with a very little decay rate. Shandong Zaozhuang and Beijing Zhongke on May 7th and May 21, 2009 respectively, expanded their relationship with DLX by entering into memorandums of understanding to continue battery development based on lithium ion phosphate materials supplied by DLX.

"Our customers' involvement in testing and feedback helps to ensure the highest quality standards are meet, if not exceeded. Our goal is to help global manufacturers lower their carbon footprint, increase safety and decrease production costs using the latest technologies and materials such as lithium ion phosphate," said China Sun Group CEO Bin Wang. "In addition to growing our customer base and those performing testing, we continue to receive ongoing support and direction from City Council of Dalian, which should help accelerate our time-to-market lithium ion phosphate."

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, 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 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.