Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Sutor Technology Group Limited Discusses New Product Development Initiatives

Abstract:
Sutor Technology Group Limited (Nasdaq: SUTR) ("Sutor" or "the Company"), a leading private manufacturer of fine finished steel products used by steel fabricators and other applications, today announced its product development initiatives for 2010.

Sutor Technology Group Limited Discusses New Product Development Initiatives

China | Posted on December 22nd, 2009

Ms. Lifang Chen, Chairperson and CEO of Sutor stated, "As an innovation-oriented enterprise in China's high-end steel industry, we continue our research and development efforts to design and produce the highest quality and most technologically advanced products in our industry. In light of the current market downturn and intensified competition in the low-end steel industry in China, we have been proactively enhancing our research efforts particularly in the areas of new energy and new material. New products from Sutor are the direct result of our growing research and development team that continues to strive for innovative ways to deliver high quality products to our clients.

"In the first half of 2010, we aim to release three new products including CIGS solar cells, zinc- titanium coated steel and hot-dip galvanized Aluminum-magnesium alloy rare earth coated sheet steel. These new products will also benefit from China's government initiatives focusing on energy saving, cost-efficient and environmentally-friendly new building materials."

In the second half of calendar 2009, the Company released three new products including new decorative pre-painted galvanized steel (PPGI) plate, nano-antibacterial PPGI steel sheet and heat insulation PPGI.

-- Decorative PPGI steel plate - With improved printing techniques, Sutor has successfully addressed hurdles to be able to imprint delicate graphics onto PPGI steel sheets. It is now widely used as a decorative material for indoor & outdoor decorations, solar water heaters and household electronics.
-- Nano-antibacterial PPGI steel plate - This new product has excellent antibacterial properties. It applies nanotechnology and the nano-silver antibacterial pharmaceutical developed by Mid-South University. The product is suitable for applications of construction materials, medical devices, slaughtering equipment and household electronics.
-- Heat Insulation PPGI - Heat insulation helps to maintain the temperature difference between the interior and exterior of buildings. The characteristic is welcomed in the building and construction industry in which the demand for energy saving materials is increasing.

Ms. Chen continued, "We believe that our technological advantages are positively benefitting Sutor, which is reflected in the improving business trends experienced in late 2009 and we are excited about the broader range of market opportunities we're exploring.

"Through these new product initiatives, we are confident that our innovation-focused strategy will enable us to compete effectively in a challenging steel environment and maintain our leadership in China's fine finished steel market."

Forward-Looking Statements

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected release of new products and its anticipated impact on our financial performance, our expected strategic and operational plans, our future operating results, our expectations regarding the market for our products, our expectations regarding the steel market, as well as all assumptions, expectations, predictions, intentions or beliefs about our relative strength and about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties, including developments in the world economy and in our industry, could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended June 30, 2009, and other risks mentioned in our other reports filed with the Securities Exchange Commission, or SEC. 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. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward- looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

####

About Sutor Technology Group Limited
Sutor (Nasdaq: SUTR) is one of the leading private manufacturers of fine finished steel products used by steel fabricators and other applications in China. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into fine finished steel products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products.

For more information, please click here

Contacts:
Mr. Jason Wang
Sutor Technology Group Limited
Tel: +86-512-5268-0988

Mr. Brian M. Prenoveau
CFA ICR, Inc.
Tel: +1-203-682-8200

Copyright © PrNewswire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

Basel physicists develop efficient method of signal transmission from nanocomponents May 23rd, 2015

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

Products

Industrial Nanotech, Inc. Announces Official Launch of the Eagle Platinum Tile™ May 19th, 2015

CAP-XX Launches 0.6mm Thinline Supercapacitors for Designing Wearable, Ultra-Portable and Connected IoT Devices: Eliminated Materials and Changed Processes to Reduce Thickness and Costs to Below $1 May 19th, 2015

Iran Unveils 6 Knowledge-Based Products April 11th, 2015

Toronto-based Environmental Technology Pioneer Green Earth Nano Science Expands in EU February 6th, 2015

Nanomedicine

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

New Antibacterial Wound Dressing in Iran Can Display Replacement Time May 22nd, 2015

Researchers develop new way to manufacture nanofibers May 21st, 2015

Materials/Metamaterials

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

Haydale Named Lead Sponsor for Cambridge Graphene Festival May 22nd, 2015

Supercomputer unlocks secrets of plant cells to pave the way for more resilient crops: IBM partners with University of Melbourne and UQ May 21st, 2015

Announcements

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

Basel physicists develop efficient method of signal transmission from nanocomponents May 23rd, 2015

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

Solar/Photovoltaic

Efficiency record for black silicon solar cells jumps to 22.1 percent: Aalto University's researchers improved their previous record by over 3 absolute percents in cooperation with Universitat Politècnica de Catalunya May 18th, 2015

Wearables may get boost from boron-infused graphene: Rice U. researchers flex muscle of laser-written microsupercapacitors May 18th, 2015

Random nanowire configurations increase conductivity over heavily ordered configurations May 16th, 2015

ORNL demonstrates first large-scale graphene fabrication May 14th, 2015

Construction

Iranian Scientists Present Model to Study Mechanical Vibrations of Structures Containing Nanocomposites May 5th, 2015

Nanoparticles Used to Improve Mechanical, Thermal Properties of Cellulose Fibers April 23rd, 2015

Blue Star Opportunities Corp. (BSTO) Completes Major Condo Building Project in Manhattan Residential Area; Company Now Has the Resources to Service the Largest of Construction Projects April 21st, 2015

To Conserve London's 300-Year-Old Masterpiece, Nanotech & Drones April 12th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project