9th Oct 2007 07:01
China Shoto plc09 October 2007 Press Release 9 October 2007 China Shoto plc ("China Shoto" or "the Group") Sales contract with Reliance Communications China Shoto (AIM:CHNS), a leading Chinese producer of industrial batteries andpower supply systems, today announces that its subsidiary Jiangsu Fuste PowerSupply Co., Ltd ('Fuste') has signed a sales contract to supply RelianceCommunications, a leading telecommunications operator in India, with 2V AGMbatteries for broadband telecommunication service (BTS) applications. The orderhas an estimated value of US$10 million and is expected to be delivered beforethe end of this year. Reliance Communications is India's leading integrated telecoms company providingwireless, broadband, rural communication, national and international telephoneand data services as well as telecoms infrastructure for over 35 millioncustomers. Cao Guifa, Chairman of China Shoto plc, said: "This latest contract allows ChinaShoto to take advantage of the huge opportunity in India's booming telecomsmarket. We have been growing with a number of contracts with telecomsproviders, which strengthen the foundations for China Shoto's financialprospects." - Ends - For further information: China Shoto plc Cao Guifa, Chairman Tel: +44 (0) 20 7398 7700 www.chinashoto.com Seymour Pierce Limited Stuart Lane / John Depasquale Tel: +44 (0) 20 7107 [email protected] www.seymourpierce.com Media enquiries: Abchurch Ariane Comstive / Monique Tsang Tel: +44 (0) 20 7398 7705 / [email protected] www.abchurch-group.com Notes to Editors China Shoto is one of China's leading companies engaged in the design,development and manufacture of reserve power and motive lead acid rechargeablebatteries, together with a range of relating products including charger, powerequipment and battery accessories. The Group has leading market share in rechargeable lead acid batteries, and isthe largest producer of VRLA batteries in China, which are widely used inelectric powered bicycles. In addition the Company is a leading provider ofback up batteries to the telecommunications sector. Battery products are exported to the USA, Europe and Asia, where China Shoto canbenefit from the quality and price competitiveness of its products. The Grouphas achieved ISO9001 Quality Systems Accreditation and ISO14001 EnvironmentalSystems Accreditation. China Shoto also holds a controlling stake in Beijing Full Three DimensionEngineering Co. Ltd (FTD) a steam turbine designer and refurbishment company.As demand for electricity in China continues to rise, the requirement forincreased capacity has lead to strong demand for improving the efficiency andoutput of existing steam turbines as well as demand for new build turbines. The Group has an extensive research and development facility and also has strongrelationships with Chinese universities. Research projects include theimprovement existing products as well as the development of super capacitors,lithium batteries and direct methanol fuel cells. China Shoto over 90 patentsregistered in China. With extensive modern facilities in Taizhou City, some 220 kilometres fromShanghai, a manufacturing facility in Beijing and a large research anddevelopment facility in Nanjing, China Shoto has a leading position in the fastgrowing global reserve power and rechargeable battery market. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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