-3x Short China Regulatory News (CHNS)

20 Aug 2007 07:02

China Shoto plc20 August 2007 Press Release 20 August 2007 China Shoto plc ("China Shoto" or "the Group") Tender to supply batteries to China Unicom China Shoto (AIM:CHNS), a leading Chinese producer of industrial batteries andpower supply systems, today announces that its subsidiary Jiangsu ShuangdengPower Supply Co., Ltd ('Jiangsu') is one of a number of companies to have wontenders through a competitive bidding process to supply China Unicom, the secondlargest mobile telecommunications operator in China, with 2V and 12V AGM and GELbatteries. China Shoto's share has an estimated value of £8 million over 9months. Cao Guifa, Chairman of China Shoto plc, said: "This latest tender will makeChina Shoto the largest supplier of AGM- and GEL-type batteries to China Unicomand consolidates our relationship with one of the world's leading internationalcellular operators. China Shoto has been continuing to grow according to planwith a number of smaller contracts which underpin the Group's prospects for thecurrent financial year." - Ends - For further information:China Shoto plcCao Guifa, Chairman Tel: +44 (0) 20 7398 7700 www.chinashoto.com Seymour Pierce LimitedStuart Lane / John Depasquale Tel: +44 (0) 20 7107 8000jdp@seymourpierce.com www.seymourpierce.com Media enquiries:AbchurchAriane Comstive / Monique Tsang Tel: +44 (0) 20 7398 7705 / 7712ariane.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 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 Exchange