RainEarth Obtains Patent Approvals for Its Core Technology
26 June 2009 - 10:00PM
PR Newswire (US)
BEIJING, June 26 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin
Board: RNER; "the Company"), announced that its contractual partner
in China, Beijing RainEarth Technology Co. Ltd., ("China
RainEarth"), has obtained patent approvals for its core technology,
which consists of products that aid in manufacturing blood
dialysis. China RainEarth applied for and was approved for patents
for its core technology with the State Intellectual Property Office
of P.R.C. (SIPO). These patents include: -- Mass production method
for hollow fiber membranes -- Quick cleaning equipment for hollow
fiber membranes -- Quick drying equipment for hollow fiber
membranes -- Device for adjusting dry spinning range in hollow
fiber membrane dry-wet spinning and control condensation bath
process concentration control -- Manufacturing technique for
blended PES hollow fiber dialysis membrane -- Synthetic hollow
fiber membrane continuous spinning device -- Hollow fiber membrane
porous spinneret component -- Hollow fiber tube-in-orifice
spinneret "These patents will not only help to ensure that
competitive prices are maintained in the production of these
materials, but also that the highest level of quality possible is
provided. We have also put RainEarth in a strong market position by
applying for these patents before our competitors. With these
technologies and sufficient funds, we can increase our production
from 150,000 blood dialysis to between 1.5-3.2 million. This will
generate revenue in the area of $12-32 million (USD)," said Mr.
Zhu, CEO of the Company. About the Company RainEarth Inc. (formerly
Gold Rock Resources Inc., the "Company") was incorporated in the
State of Nevada on March 14, 2006. The Company is a developing
stage company that initially engages in the search for mineral
deposits or reserves. On March 25, 2009, the Company and China
RainEarth, a company organized and existing under the laws of the
People's Republic of China, entered into a Business Cooperation
Agreement (the "Agreement") for a term of twenty years. The purpose
of the Agreement is to jointly conduct Hollow Fiber Membrane
Materials' application and manufacturing business in China (the
"Business"). The first product that utilizes this technology is
blood dialyzer. The Company will provide Advice and assistance
relating to development of marketing and consultancy services,
particularly as related to the Business. China RainEarth will give
60% of its revenue after deduction of direct operating costs,
expenses and taxes to the Company in consideration of the Company's
services. Forward-looking statements This press release contains
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included in this press release
are forward-looking statements. Forward-looking statements involve
risks and uncertainties including, but not limited to, economic and
political factors; developments of the Chinese and North American
markets and changes in regulatory matters; our business strategies
and future plans of operations; the market acceptance and amount of
sales of our products and services; our historical losses; the
competitive environment within the industries in which we compete;
and our ability to raise additional capital, currently needed for
expansion. The Company cautions that forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the
forward-looking statements due to several important factors. For
more information, please contact: RainEarth Inc. Public
Relationship Department Tel: +852-3005-7220 Email: DATASOURCE:
RainEarth Inc. CONTACT: Public Relationship Department of RainEarth
Inc., +852-3005-7220, or
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