ZKL China Keli Electric Company Ltd (delisted)

China Keli Electric Co., Ltd. (TSX VENTURE:ZKL) ("Keli" or the "Company") is
pleased to announce that it has signed a Product Manufacturing and sales license
agreement with Siemens Ltd., China.


This agreement involves disclosure of Siemens-owned intellectual property to
Zhuhai Keli Electric Co Ltd., the operating subsidiary of Keli, and conveys to
Keli the right to manufacture and sell the Siemens-designed SIVACON 8PT
switchgear. It acknowledges that Keli is an authorized licensee of Siemens for
the LV SIVACON switchboards. The agreement, which will be renewed annually
provided Keli complies with the terms, recognizes that Keli has appropriate high
quality manufacturing facilities and quality control procedures to comply with
the stringent requirements for the manufacture of Siemens-designed electrical
equipment. Siemens and Keli have agreed to some production and sales targets,
which increase substantially over the first four years of the agreement, and
will bring increased revenues to both companies.


"We are proud and honored to be chosen by Siemens, which is so well known for
its innovative and high-quality products, and to be authorized for the
manufacture of their SIVACON 8PT products," said Lou Meng Cheong, Keli's CEO.
"This agreement will increase Keli's market competitiveness in our core
business, and help to make a meaningful contribution to revenues and corporate
earnings."


"Keli has always focused on quality and innovation," said Madame Wong, Keli's
Chairperson, "and we are very pleased to be working with Siemens which has
similar product design and manufacturing values." 


About China Keli Electric Company Ltd.

China Keli Electric Company Ltd. specializes in the manufacturing of electrical
components and equipment, including pre-assembled mini substations, electrical
controllers, pressurized and vacuumed switchgear and circuit breakers.


This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Risks and uncertainties about
Keli's business are more fully discussed in the Company's disclosure materials
filed with the securities regulatory authorities in Canada. All amounts are
stated in Canadian dollars unless noted otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
China Keli Electric Company Ltd.
Michael Raymont
EVP Finance and Corporate Development
(403) 389-3488
mraymont@zkl.cc
www.zkl.cc

Grafico Azioni China Keli Electric Company Ltd. (TSXV:ZKL)
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Grafico Azioni China Keli Electric Company Ltd. (TSXV:ZKL)
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Da Giu 2023 a Giu 2024