EPOW Receives $16 Million Patent Loan to Fund Rapid Growth
September 18 2023 - 9:37AM
Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the
“Company”, “we” or “our”) (NASDAQ: EPOW), today announced that
Sunrise (Guizhou) New Energy Material Co., Ltd. has received credit
of RMB 50 million, or approximately $6.85 million based on the
appraisal value of its 7 patents.
The loan was issued by Shanghai Pudong Development Bank Co.,
Ltd. Guiyang Branch. According to the asset appraisal report issued
by the appraisal agency assigned by the bank, the appraisal value
of the 7 patents in the appendix is RMB 117 million, or
approximately $16 million.
Mr. Haiping Hu, Chairman of Sunrise New Energy was invited to
attend the Forum "Green Innovation and Financial Support to High
Quality Economic Development in Guizhou Province" as a reputable
representative of green energy enterprises and signed contract with
the bank on September 14. “This patent loan shows the recognition
of the value of our patents from the market and the financial
institutions. These patents are valuable as they provide
competitive edge and position the Company as a leader in lithium
battery industry. As our patent line continues to expand, more
patents can be used for financing. This will continue to inject
cash into the Company.” said Mr. Haiping Hu. “This loan came at the
opportune time as our orders have grown rapidly. As such, having
the credit to help fund our rapid growth without dilution to
shareholders is a very positive development.”
Patent Appendix:2017215525393-A system for intermittent coking
to produce anode coke2018216838031-A production device for
multi-stage series continuous heating, coating and granulation of
anode materials2022104007964-A high energy density fast charging
graphite composite material and its preparation
method202210400788X-A long-life fast-charging lithium-ion battery
anode material and its preparation method2022104007748-A
sulfur-containing fast-ion conductor-coated graphite composite
material and its preparation method2022104007752-A method for
preparing anode materials for lithium-ion batteries2022108796377-A
method for preparing high energy density fast charging graphite
anode material
About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China,
Sunrise New Energy Co., Ltd., through its joint venture, is engaged
in the manufacturing and sale of graphite anode material for
lithium-ion batteries. The Company’s joint venture is constructing
a 260,543 ㎡manufacturing plant in Guizhou Province,
China. The plant runs on inexpensive electricity from renewable
sources, which helps to make Sunrise New Energy a low-cost and
low–environmental-impact producer of graphite anode
material. Mr. Haiping Hu, the founder and CEO of the
Company, is a major pioneer for the graphite anode
industry in China starting from 1999. The Company’s management
team is also composed of experts with years of
experiences and strong track-records of success in the
graphite anode industry. In addition, the Company also
operates a knowledge sharing platform in China. For further
information, please visit the Company’s website
at www.sunrisenewenergy.com. The Company also maintains a
Twitter account (@sunrisenewener1) to keep investors up to date on
the latest development of the Company.
Forward-looking statement
Certain statements in this press release
regarding the Company's future expectations, plans and prospects
constitute forward-looking statements as defined by Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements about plans, goals, objectives,
strategies, future events, expected results, assumptions and any
other factual statements that have not occurred. Any words that
refer to "may", "will", "want", "should", "believe", "expect",
"expect", "estimate", "estimate" or similar non-factual words,
shall be regarded as forward-looking statements. Due to various
factors, the actual results may differ materially from the
historical results or the contents expressed in these
forward-looking statements. These factors include, but are not
limited to, the company's strategic objectives, the company's
future plans, market demand and user acceptance of the company's
products or services, technological updates, economic trends, the
company's reputation and brand, the impact of industry competition
and bidding, relevant policies and regulations, the ups and downs
of China's macroeconomic conditions, the relevant international
market conditions, and other related risks and
assumptions disclosed in the Company’s Annual Report on Form 20-F..
In view of the above and other related reasons, we advise investors
not to blindly rely on these forward-looking statements, and we
urge investors to visit the SEC’s website to consult the
company's relevant documents for other factors that may affect the
company's future operating results. The company is under no
obligation to make public amendments to changes in these
forward-looking statements due to specific events or reasons unless
required by law.
For more information, please contact:
The Company: IR Department Email: IR@sunrisenewenergy.com
Phone: +86 4009919228
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