China Energy Savings Files Patent Applications For Energy Saving Technology
20 July 2005 - 1:00AM
PR Newswire (US)
China Energy Savings Files Patent Applications For Energy Saving
Technology Design Patents To Protect Company's Nine Products HONG
KONG, July 19 /Xinhua-PRNewswire/ -- China Energy Savings
Technology, Inc. (NASDAQ:CESV) announced today that it filed
applications for patents on July 13, 2005 to cover the outlook
design of its nine energy-savings products namely, Light savers,
Single-phase sewing machine saver, Three-phase Sewing Machine
saver, Indoor Florescent Light Saver, General Saver Protector,
Florescent Light Saver V-100, Higher-power Intelligence Light
Saver, Power Equipment Saver, and Three-phase Zero Adjustment
Couple. The Auto Zero Adjustment Couple Technology and Digital
Technology have been developed and combined by the continuous R
& D of the software of the Company's products. These products
lead the way in the energy savings technological application
marketplace in China, and on average extend the life of various
electric appliances by 100% and represent a 50% market share in
China. Two of the Company's products have already met international
standards. "With the recognition of our products in the energy
savings marketplace, we applied for these various patents in order
to protect our intellectual property, and to ensure the continued
effectiveness and efficiency of our products," explained Mr. Sun
Li, Chairman and CEO of the Company, "We also plan to form
strategic partnerships with the world's leading suppliers of
electric appliances and other energy savings companies in exploring
the global energy saving markets, with the goal of becoming a
recognized world brand." About China Energy Savings Technology
China Energy Savings Technology, Inc., through its subsidiary,
Starway Management Limited which in turn holds 100% interest of its
energy savings subsidiary in China, engages in the development,
manufacture, sale, and distribution of energy-saving products for
use in commercial and industrial settings in the People's Republic
of China. According to test reports by various PRC authorities
including the National Center of Supervision & Inspection on
Electric Light Source Quality (Shanghai) issued in September 2002,
Shenzhen Academy of Metrology & Quality Inspection issued in
December 2002 and approved by the State Quality Supervision
Inspection Department, the energy saving products of Starway's
subsidiaries may provide energy saving rates ranging from
approximately 25% to 45%. The energy saving projects conducted by
Starway's subsidiaries mostly relate to public or street lighting
systems, government administration units, shopping malls,
supermarkets, restaurants, factories and oil fields, etc. There are
small and large-scaled projects: the small-scaled projects relate
to restaurants, shops, small arcades, offices and households
through the sale of equipment, and the large- scaled projects
relate to large shopping malls, supermarkets, factories and public
bodies through the provision and installation of equipment over a
term usually extended for years. With the world's energy crisis as
the backdrop, and global oil prices breaking record highs, China's
own crisis is growing not only in size, but in concern as well.
Coal prices and energy consumption in China are also at all-time
highs. For these reasons, the company's products are widely used
and highly recommended in China because of the huge energy market
and the excellent prospect of energy savings. Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in
this press release may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such matters involve risks and uncertainties that may cause actual
results to differ materially, including the following: changes in
economic conditions; general competitive factors; the Company's
ability to execute its business model and strategic plans; and the
risks described from time to time in the Company's SEC filings.
Contact Information: John Roskelley President First Global Media
480-902-3110 Website: http://www.cesv-inc.com/ Email: DATASOURCE:
China Energy Savings Technology, Inc. CONTACT: John Roskelley,
President, First Global Media, +1-480-902-3110, for China Energy
Savings Technology, Inc. Web site: http://www.cesv-inc.com/
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