China Energy Savings (NASDAQ:CESV)
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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/