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China Ritar Power Corp. (CRTP) Announces Major Supply Contracts with American Power Conversion Corp.

SHENZHEN, China, Oct. 11 /PRNewswire-Asia-FirstCall/ — China Ritar Power Corporation (Nasdaq:CRTPNews), a leading supplier of innovative nano gel battery products and solutions, today announced that the company was awarded a new contract to supply VRLA batteries to American Power Conversion Corporation (APC), a global leader in the UPS (Uninterruptible Power Supply) markets.

As per supply agreement, China Ritar Power will supply VRLA batteries to be used in APC’s UPS products. ┬áThe management expects to receive more orders from APC in the future as the strategic relationship between the 2 companies develops.

“We are very pleased to become a supplier to APC, a world leader in UPS sector,” commented Mr. Hu Jiada, CEO of CRTP. “As the infrastructure investment grows globally, the demand for high-quality, reliable and cost-competitive power supplies will increase substantially. The strategic relationship with APC is a demonstration of China Ritar Power’s product, reliability and our manufacturing capability. We look forward to building a long-term, mutually beneficial relationship with all of our clients.”

About China Ritar Power Corporation

China Ritar Power Corporation (NASDAQ:CRTPNews) (“China Ritar”) is the leading supplier of innovative nano gel and environmentally friendly battery products and solutions for power applications and power storing systems. China Ritar’s products and solutions are used in Alternative Energy (solar and wind power), Telecommunications (3G), Uninterrupted Power Source (UPS) and Light Electrical Vehicles (LEV) industries. In 2009, China Ritar had sales of $98.6 million and currently employs about 1,800 people worldwide. Ritar (R) is a registered trademark of China Ritar in China and other countries. All product names are trademarks of China Ritar (including its subsidiaries).

Monday, October 11th, 2010 Uncategorized
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