ZHEJIANG, China, July 26 /PRNewswire-Asia-FirstCall/ -- SORL Auto
Parts, Inc. (Nasdaq: SORL) ("SORL" or "The Company"), a leading
manufacturer and distributor of commercial vehicle air brake
systems as well as related auto parts in China, today announced that its principal
operating subsidiary, Ruian Auto Parts Co., Ltd. ("Ruian Auto"),
was awarded five patents in the second quarter ended June 30, 2010. Of special note is an invention
patent received from the United States Patent and Trademark Office.
Ruian Auto was granted a total of 10 patents in the first half of
2010, and has developed a portfolio of 32 patents since it was
established.
Ruian Auto's new U.S. invention patent, for its air brake air
dryer product, improves air dryer quality through the use of
advanced production processes. Air dryers are an integral part of
an air brake system and are one of the leading components produced
by SORL. They are used to remove moisture from an air brake
system's compressed air. Air brake systems are applicable to a
number of different commercial vehicles such as trucks and buses.
SORL's patented technology generates greater cost efficiencies and
product safety to increase the product's competitiveness for OEM
and dealer customers.
Mr. Baojian Tao, Chief Operating
Officer of SORL Auto Parts, commented, "With a total of 32 patents
awarded and another 43 pending patent applications, our research
and engineering teams continue to focus on developing value-added
products with highly advanced functionality and increased safety
features for drivers. Our dedication to research and development
has strengthened our product mix expansion. Our research and
development activity, and our patents, reflect our determination to
become an industry leader in terms of technology and cost
efficiencies. As the market leader in China, seeking to expand into the global air
brake market, we look forward to further leveraging our strong
R&D capability and customer relationships, for the mutual
benefit of our Company and our customers. "
SORL Auto Parts, Inc.
As China's leading manufacturer
and distributor of automotive air brake systems and related auto
parts, SORL Auto Parts, Inc. is ranked first in market share in the
commercial vehicle segment, which includes trucks and buses. 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 40 categories with over 1,000 specifications in
air brake systems, air controlling systems and other related
components. The Company has four authorized international sales
centers in Australia, UAE,
India and the United States. 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 .
For more information, please contact:
Ben Chen
Director of Investor Relations
Tel: +86-577-6581-7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.