("China Shoto" or "the Group")

 

 

 

 

China Shoto (AIM:CHNS), a leading Chinese producer of industrial batteries and power supply systems, today announces that its subsidiary Jiangsu Shuangdeng Power Supply Co., Ltd ('Jiangsu') is one of a number of companies to have won tenders through a competitive bidding process to supply China Unicom, the second largest mobile telecommunications operator in China, with 2V and 12V AGM and GEL batteries. China Shoto's share has an estimated value of £8 million over 9 months.

 

Cao Guifa, Chairman of China Shoto plc, said: "This latest tender will make China Shoto the largest supplier of AGM- and GEL-type batteries to China Unicom and consolidates our relationship with one of the world's leading international cellular operators.  China Shoto has been continuing to grow according to plan with a number of smaller contracts which underpin the Group's prospects for the current financial year."

 

 

 

 

 

 

 

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.

 

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