China Sun Group Hi-Tech Co. (CSGH)

[gabeh]

What about this article on some sort of patent on iron phosphate? What was the patent for or is the author mistaken?

Power Up Your Portfolio with China Sun Group

Written on Wednesday, December 23rd, 2009 by Rick Telfur
Power Up Your Portfolio with China Sun Group

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China Sun Group High Tech Co. (OTC:CSGH) may not be as popular as A123 Systems, Inc. (NASDAQ:AONE) or Ener1, Inc. (NASDAQ:HEV), but it is the only profitable company of the three and is trading at just 11x trailing 12-month earnings.

China Sun Group develops cobalt and lithium-ion battery component materials via its subsidiary, Dalian Xinyang High Tech Development Co). The company’s three main products are currently cobalt carbonate, cobaltosic oxide, and lithium cobalt oxide, which are all used in the production of lithium-ion batteries.

Recently, China Sun Group obtained a patent on its process for a next-generation power source called lithium iron phosphate that will be used in electric and hybrid vehicles. These batteries provide greater power, longer range, and better safety than other alternatives, while also recharging in just a few hours and providing full power until fully discharged.