Contract win
09 Ottobre 2007 - 9:02AM
UK Regulatory
RNS Number:3736F
China Shoto plc
09 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 and
power supply systems, today announces that its subsidiary Jiangsu Fuste Power
Supply Co., Ltd ('Fuste') has signed a sales contract to supply Reliance
Communications, a leading telecommunications operator in India, with 2V AGM
batteries for broadband telecommunication service (BTS) applications. The order
has an estimated value of US$10 million and is expected to be delivered before
the end of this year.
Reliance Communications is India's leading integrated telecoms company providing
wireless, broadband, rural communication, national and international telephone
and data services as well as telecoms infrastructure for over 35 million
customers.
Cao Guifa, Chairman of China Shoto plc, said: "This latest contract allows China
Shoto to take advantage of the huge opportunity in India's booming telecoms
market. We have been growing with a number of contracts with telecoms
providers, which strengthen the foundations for China Shoto's financial
prospects."
- 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 8000
jdp@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Ariane Comstive / Monique Tsang Tel: +44 (0) 20 7398 7705 / 7712
ariane.comstive@abchurch-group.com 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 rechargeable
batteries, together with a range of relating products including charger, power
equipment and battery accessories.
The Group has leading market share in rechargeable lead acid batteries, and is
the largest producer of VRLA batteries in China, which are widely used in
electric powered bicycles. In addition the Company is a leading provider of
back up batteries to the telecommunications sector.
Battery products are exported to the USA, Europe and Asia, where China Shoto can
benefit from the quality and price competitiveness of its products. The Group
has achieved ISO9001 Quality Systems Accreditation and ISO14001 Environmental
Systems Accreditation.
China Shoto also holds a controlling stake in Beijing Full Three Dimension
Engineering Co. Ltd (FTD) a steam turbine designer and refurbishment company.
As demand for electricity in China continues to rise, the requirement for
increased capacity has lead to strong demand for improving the efficiency and
output of existing steam turbines as well as demand for new build turbines.
The Group has an extensive research and development facility and also has strong
relationships with Chinese universities. Research projects include the
improvement existing products as well as the development of super capacitors,
lithium batteries and direct methanol fuel cells. China Shoto over 90 patents
registered in China.
With extensive modern facilities in Taizhou City, some 220 kilometres from
Shanghai, a manufacturing facility in Beijing and a large research and
development facility in Nanjing, China Shoto has a leading position in the fast
growing global reserve power and rechargeable battery market.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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