Science & Technology
Science and Technology
Science and Technology 
Tue, June 7, 2011
VANCOUVER, June 7, 2011 /CNW/ - China Keli Electric Company Ltd. (TSX-V: ZKL) ("China Keli" or the "Company") is pleased to announce it has been granted three more patents by the China State Intellectual Property Office, which patents facilitate the use of automatic control systems for switchgear in Smart Grid transmission/distribution systems. This brings the total number of issued patents that Keli owns to eighteen, and marks the expansion of Keli's intellectual property portfolio into the Smart Grid area.
"We've always considered Keli to be an innovative product developer responding to the needs of the marketplace." said Lou Meng Cheong, China Keli's CEO, "Capital expenditures in China on Smart Grid amount to tens of billions of dollars this year, and each year for the rest of the decade. Keli has already sold some product into the Smart Grid sector, and we anticipate that our strong position in Smart Grid products will win us larger orders both this year and in the future."
"These three newly issued patents clearly demonstrate that Keli is more than a manufacturing and sales business; we are also recognized as a highly competent product development company", said Madame Wong, Chairperson of China Keli, "It's important that investors recognize that Keli is both a technology company and a sophisticated manufacturer."
About China Keli Electric Company Ltd.
China Keli is a hi-tech company that develops, manufactures and installs hi-voltage electrical components and equipment, including preassembled mini-substations, electrical controllers, pressurized/vacuumed switchgears and circuit breakers in the People's Republic of China. China Keli's markets include electrical transmission and distribution systems, Smart Grid, transportation (railways, subways, street lighting, etc.), and the "Cleantech" sector (renewable energy, solid waste processing, waste water, etc).
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Lou Meng Cheong
CEO Phone:
(403) 389-3488
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Legal Notice Regarding Forward Looking Statements: Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the Company's ability to close the Contract. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and in this news release include: (i) the issued patents will result in any product sales; (ii) Keli will experience revenue growth because of these patents. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect, wholly or partially. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) the patents could be challenged and/or overturned in the future, (2) superior product designs may be developed by competitors, (3) market acceptable products may not be developed from these patents, (4) a downturn in general economic conditions in North America or internationally could affect product sales, (5) China may not make the announced investments in Smart Grid; and (4) fluctuation in the exchange rate between Canadian dollar and Renminbi. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian securities regulators.