ZHEJIANG, China, Jan. 3, 2012 /PRNewswire-Asia-FirstCall/
-- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or
"the Company"), a leading supplier of brake and control systems
to the global commercial vehicle industry, today announced that it
expects to generate RMB60 million in
2012 sales as the exclusive supplier of breathing spring brake
chambers to its OEM customers' Shaanxi Auto, JAC and Beiqi Foton
for their latest vehicles.
The new breathing spring brake chamber is a timely response to
the changing requirements of OEM customers' new vehicle models. The
Company's new breathing spring brake chambers provide higher
performance, reliability and quality than older spring chambers to
enhance safety. The Chinese government is implementing new
regulations to improve vehicle and driving safety which will
enhance the sales potential of the Company's new spring brake
chamber.
Mr. Wang Huaping, Chief Engineer of SORL, commented, "Being the
exclusive supplier of the new breathing spring brake chambers
demonstrates the trust and confidence our clients have in our
products and our capability to provide innovative product
solutions. SORL has maintained good relationships with its OEM
customers through a long history of introducing market-leading,
innovative products combined with excellent service. New vehicle
models require new safety-related braking products and
technologies. Our research and development program continues to be
market oriented as we carefully study our customers' needs and
provide cost-effective and high-quality products utilizing more
advanced technologies and stringent quality control. We look
forward to introducing additional innovative products to meet our
clients' needs in the future and generating new sales
opportunities."
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to
the commercial vehicle industry, SORL Auto Parts, Inc. ranked No. 1
for market share in the segment for commercial vehicles brake
system, such as trucks and buses in China. The Company distributes products both
within China and internationally
under the SORL trademark. SORL is listed among the top 100 auto
component suppliers in China, with
a product range that includes 65 categories with over 2000
specifications in brake system and others. The Company has four
authorized international sales centers in UAE, India, the United
States and Europe. SORL is
working to establish a broader global sales network. For more
information, please visit http://www.sorl.cn.
Safe Harbor Statement
This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking
statements. Forward-looking statements can be identified by the use
of forward-looking terminology such as "will", "believes",
"expects" or similar expressions. These forward-looking statements
may also include statements about our proposed discussions related
to our business or growth strategy, which is subject to change.
Such information is based upon expectations of our management that
were reasonable when made but may prove to be incorrect. All of
such assumptions are inherently subject to uncertainties and
contingencies beyond our control and upon assumptions with respect
to future business decisions, which are subject to change. We do
not undertake to update the forward-looking statements contained in
this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the
forward-looking statements contained in this press release, see our
most recent Annual Report filed with the Securities and Exchange
Commission (SEC) on Form 10-K, and our subsequent SEC filings.
Copies of filings made with the SEC are available through the SEC's
electronic data gathering analysis retrieval system (EDGAR) at
http://www.sec.gov.
Contact Information
Ben Chen
VP Finance & Corporate Secretary
+86 577 6581 7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
+1 646 284 9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.