February 23, 2011
China TMK Battery Systems Inc. Announces Order from a Fortune 500 Electronics and Defense Manufacturer
SHENZHEN, China, Feb. 23, 2011 /PRNewswire-Asia-FirstCall/ -- China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or "the Company"), a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today announced it has received and delivered an initial order from a Fortune 500 multinational electronics and defense manufacturer based in the U.S. for 26,150 nickel metal hydride (NI-MH) battery packs to be used in water pump applications.
"We are pleased that our product has met this customer's rigorous testing standards, and that our batteries will be used in water system applications for products sold to multiple countries," stated Henian Wu, Chairman and President of the Company. "We believe that this sale represents a new market opportunity for TMK and as we strive to market our innovative battery solutions to a broader range of customers."
About China TMK Battery Systems Inc.
Based in Shenzhen, PRC and founded in 1999, TMK manufactures and distributes high rate discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries in its manufacturing facility located in Shenzhen, China. TMK maintains a diverse roster of large, consumer-focused clients with major production facilities in China. The Company works with its clients throughout the product design cycle to develop and integrate reliable and long-lasting rechargeable power solutions for widely used consumer products, which include home appliances, cordless power tools, medical devices, multiple personal communication devices and electric bicycles segments. The Company is also focused on becoming a supplier of back-up power solutions to the telecommunications industry and for traffic lighting applications. Corporate Information can be found at www.tmk-battery.com and investor information can be found at http://ir.stockpr.com/tmk-battery/
Cautionary Statement Regarding Forward Looking Information
This press release may contain certain "forward-looking statements" relating to the business of China TMK Battery Systems Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the impact of the purchase order on the Company's business and operations and the likelihood that the Company will receive follow-on orders; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to successfully market its innovative battery solutions to a broader range of customers; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. 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. Investors 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: For the Company: Mr. Jin Hu, CFO Tel: +86-158-10431091 Email: [email protected] Investor Relations: HC International, Inc. Ted Haberfield, Executive VP Tel: +1-760-755-2716 Email: [email protected]
SOURCE China TMK Battery Systems Inc.