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ShengdaTech, Inc. Receives China Frost & Sullivan Award for Growth Excellence

Posted on: Monday, 15 June 2009, 08:00 CDT

TAIAN CITY, China, June 15 /PRNewswire-Asia-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or "The Company") (Nasdaq: SDTH), a leading manufacturer of nano precipitated calcium carbonate ("NPCC"), today announced that Frost & Sullivan, a well-known global consulting company, honored ShengdaTech with the 2008 "China Frost & Sullivan Award for Growth Excellence."

Frost & Sullivan Award for Growth Excellence recognizes companies in regional and global markets for demonstrating excellence in growth leadership. Leadership in growth is measured in the form of gains in market share or through geographical and customer-base expansions. As the recipient of this Award, ShengdaTech was recognized for consistently outperforming its competition by effectively combining progressive marketing strategies with innovative new products, all of which have had significant industry impact. During the past 18 months, ShengdaTech has developed new NPCC applications used in the production of automobile undercoating paints, polyethylene, color ink jet paper, and is currently developing breakthrough applications for asphalt, high-grade ink jet paper, and epoxy resin.

"ShengdaTech has achieved major manufacturing breakthroughs with the application of its intellectual property, which includes their patented membrane dispersion technology, a key driver in expanding the range of customer applications of NPCC products, especially in the areas of rubber and plastics. By using NPCC in lieu of traditional fillers, ShengdaTech's customers achieve significant cost savings, while attaining superior functionality of their end products," commented Nina Zhou, China Consultant of Frost & Sullivan. "Due to its leadership in innovation, superior customer service, and the successful execution of its NPCC expansion strategy, ShengdaTech has emerged as the largest NPCC supplier in China. The Company achieved a compound annual revenue growth rate of 78.0% from 2005 through 2008, well above the industry growth rate of 30.9% over the same period."

Commenting on the award, Mr. Xiangzhi Chen, President and CEO of ShengdaTech, noted, "We are pleased to earn such a prestigious honor, which confirms our leading position in the NPCC industry. We expect to sustain our leadership in growth by continuing to expand our NPCC business both in China and internationally. We will increase our production capacity from the current 190,000 metric tons to 250,000 metric tons in August of 2009 with aggressive expansion plans in place for the out years. Furthermore, we are committed to remaining on the leading edge of product innovation by pioneering new end markets for NPCC."

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com .

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing and selling nano precipitated calcium carbonate ("NPCC") products. The Company converts limestone into NPCC using its proprietary technology co-developed with Tsinghua University. ShengdaTech is the only company possessing proprietary NPCC technology in China. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, South Korea, Malaysia, Vietnam, India and Israel. For more information, contact CCG Investor Relations directly or go to ShengdaTech's website at http://www.shengdatechinc.com .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release and oral statements made by ShengdaTech on its conference call in relation to this release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's ability to prepare for growth, the Company's planned manufacturing capacity expansion, and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the tire industry, changes in composition of tires, the Company's ability to meet the planned expansion schedule for its NPCC capacity, the Company's ability to identify acquisition targets, changes to government regulations, risk associated with operation of the Company's new manufacturing facility, ability to attract new customers, ability to increase its product's applications, ability of its customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors care in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

SOURCE ShengdaTech, Inc.

Source: PR Newswire

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