China Ritar Power Corp. Announces New Orders from China Mobile
Corp. (OTC Bulletin Board: CRTP) (the “Company” or “China Ritar”), a leading
Chinese manufacturer of lead acid batteries, today announced that the Company
has received new orders from China Mobile Ltd. (NYSE: CHL, “China Mobile”).
China Mobile, the largest telecommunications operator in
that it will invest
third generation (3G) mobile networks this year. Upon completion of the
project, China Mobile will have 80,000 3G network base stations covering 70
percent of the cities under provincial level across the country.
At the end of June, China Ritar sold approximately
batteries for China Mobile’s telecommunication base stations. The batteries
are to be used in base stations in
anticipates that it will sell to China Mobile an additional
of batteries over the next six months and
2010.
“
of this year when The Ministry of Industry and Information Technology issued
3G licenses to
and China Unicom. As a result, spending on wireless infrastructure equipment
in
are aggressively expanding their 3G networks in order to try to capture market
share,” commented Mr.
excited to have this opportunity to participate in
out and to expand our domestic penetration over the next couple of years with
our proprietary telecom lead acid batteries.”
About China Mobile
China Mobile is the leading mobile telecommunication operator in
providing mobile voice and data services as well as other related services in
all 31 provinces, autonomous regions and directly-administered municipalities
in mainland
telecommunication operators in
number of users reached approximately 477 million, ranking number one in the
world.
About China Ritar
China Ritar designs, develops, manufactures and markets environmentally
friendly lead acid batteries with a wide range of capacities and applications,
including telecommunications, Uninterrupted Power Source (UPS) devices, Light
Electrical Vehicles (LEV), and alternative energy production (solar and wind
power). China Ritar sells, markets and services six series and 197 models of
Ritar-branded, cadmium-free valve-regulated lead-acid (VRLA) batteries.
Products are sold worldwide with sales in 81 countries including
and numerous markets in
found at the Company’s website http://www.ritarpower.com .
Safe Harbor Statement
This press release contains certain statements that may include “forward
looking statements.” All statements other than statements of historical fact
included herein are “forward-looking statements.” 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. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. 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). All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Elite IR
John Marco, Partner
Tel: +1-310-819-2948
Email: John.marco@elite-ir.com
Elite IR
Leslie J. Richardson, Partner
Tel: +852-3183 0283
Email: Leslie.richardson@elite-ir.com
SOURCE China Ritar Power Corp.