VALERE POWER AND CHINA WUHAN PUTIAN GROUP FORM
STRATEGIC PARTNERSHIP
China Expansion Extends Valere’s
Global Footprint
Richardson, TX—Oct.
4, 2005— Valere Power today announced a strategic partnership
with China Wuhan Putian Group Corp., a leading supplier of DC power systems
to all of China’s major telecom operators.
The partnership allows Wuhan Putian to integrate Valere’s state-of-the-art
rectifiers into its next-generation power systems for Chinese service providers.
System development began earlier this year and was completed in August.
Putian has obtained comprehensive qualifications and certifications for
the system, which is currently available. Beginning in early 2006, all
Wuhan Putian systems will exclusively feature Valere Power rectifiers.
A signing ceremony was held in Wuhan, China, on Sept. 26, attended
by Andy Marsh, president and CEO of Valere Power, Yang Aimin, president
and CEO of Wuhan Putian Group Corp., and other senior executives of the
companies, along with city officials of Wuhan city and the Wuhan economic
development zone.
“
After meeting and evaluating a number of potential companies, we
believe that, with Valere’s leading rectifier technology, its development,
support and manufacturing infrastructure in China, and its local sales
and marketing support organization, the partnership between Putian and
Valere will quickly allow Putian to further extend our competitive advantages
in the China DC power market to further grow our revenue and market share,” said
Aimin. “It will also present Wuhan Putian some unique opportunities
of entering other markets.”
"
Putian’s long history and relationships with all Chinese service
providers, its extensive sales and marketing coverage and its local
support experience and expertise allow Valere Power to better leverage
our leading
technology and obtain immediate and full market access to China Telecom
service provider DC system markets,” said Marsh.
ABOUT CHINA WUHAN PUTIAN GROUP CORP.
A subsidiary of China Putian Group, China Wuhan
Putian Group Corp. (formerly known as China Post and Telecommunications
Equipment Corp.) is the largest state-owned telecommunication systems
manufacturing enterprise, encompassing equipment for landline, mobile,
terminals and other networks. Wuhan Putian Corp., originally formed
in 1993, offers complete DC power systems to all China’s telecom
service providers. With offices in 30 provinces and more than 3,000
employees in China, Wuhan Putian Group is one of China’s top
three companies in the telecom DC power market.
Valere Power, headquartered in Richardson, TX, is
an advanced AC/DC power system company with proprietary technologies that
reduce power dissipation and system size, simplify installation, and offer
advanced remote monitoring for telecommunications service providers and
enterprises. More information is available at www.valerepower.com.