ZIBO, China, Sept. 29, 2022 (GLOBE NEWSWIRE) — Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ:EPOW), today announced a new customer win with an initial RMB19 million (approximately $2.6 million) order from Pylon Technologies Co., Ltd.
Pylon Technologies is one of the world’s leading manufacturers of energy storage systems. It is a public company that trades on the Shanghai Stock Exchange (ticker: 688063) and has a $9 billion market capitalization. More information about Pylon Technologies can be found at the company’s website at https://en.pylontech.com.cn/.
The order is for Sunrise’s graphite anode. It is a validation order to establish the relationship. Both companies expect the business to expand substantially over time.
“We are thrilled to announce this major customer win,” said Sunrise New Energy’s Chairman, Mr. Haiping Hu. “Pylon Technologies is a very well-respected company that is at the forefront in combating climate change with their renewable energy backup systems. We look forward to a long and prosperous relationship together.”
