ZPP ranked number one in the clean-tech sector
TSX Venture Exchange: ZPP
VANCOUVER, June 19 /CNW/ - Zongshen PEM Power Systems Inc. ("ZPP" or "the
Company") (TSXV:ZPP), is pleased to announce that it was named to the 2008 TSX
Venture 50(TM), a ranking of Canada's top emerging public companies listed on
the TSX Venture Exchange. Further, the Company was ranked as the number one
company in the clean-tech sector.
"I would like to thank the TSX Venture Exchange for their support,
services and contribution to emerging and high growth companies such as ZPP in
Canada," noted Zongshen Zuo, Chairman and CEO of Zongshen PEM Power Systems
Inc. "We are very pleased with this accomplishment and look forward to a long
and prosperous future for ZPP while working with the TSX Group."
The TSX Venture 50 are the top 10 companies in each of five major
industry sectors (mining, oil & gas, technology & life sciences, diversified
industries and clean-tech), based on ranking formula that includes revenue,
return on investment, market cap growth, and trading volume.
The 2008 TSX Venture 50(TM) was compiled based on public historical data
and is not an invitation to purchase securities listed on Toronto Stock
Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not
endorse or recommend any securities referenced in this ranking. Neither TSX
Group Inc. nor its affiliated companies represent, warrant or guarantee the
accuracy or the completeness of the information. You should not rely on the
information contained in this news release for any trading, business or
financial purposes. TSX Group Inc. and its affiliates assume no liability for
any errors or inaccuracies in this news release or any use or reliance upon
About Zongshen PEM Power Systems Inc.
Zongshen PEM Power Systems Inc. is a public company trading under the
symbol ZPP on the TSX Venture Stock Exchange. The Company is engaged in the
commercialization of alternative power systems including batteries, fuel cells
and solar power, for a variety of consumer and industrial applications. The
Company manufactures low-cost, high quality, environmentally friendly electric
motorcycles, electric bicycles and other e-vehicles in China for the domestic
and international market. Zongshen PEM Power System's largest shareholder is
Zongshen Industrial Group, one of China's largest manufacturers and
distributors of motorcycles, engines, and power equipment.
About Zongshen Industrial Group
Zongshen Industrial Group was founded in 1992, and now consists of 30
totally or majority owned subsidiaries including Chongqing Zongshen Power
Machinery Co., which is listed on the Shenzhen Stock Exchange. Zongshen
Industrial Group employs in excess of 13,000 employees with assets in excess
of RMB 8.4 billion yuan. Zongshen Industrial Group implements the development
strategy of related diversification within thermodynamic machinery industry.
Its engine products mainly include motorcycle engines, mini-car engines,
speedboat engines, and general-purpose machinery. Its end products mainly
include motorcycles, speedboats and other power equipment. Zongshen Industrial
Group now has an annual production capacity of 2,000,000 motorcycles, 50,000
mini vans, 3,000,000 motorcycle engines, 5,000,000 general-purpose engines,
and 100,000 car engines. Zongshen Industrial Group has established a leading
brand for motorcycles in China attracting some of the world's largest
motorcycle manufacturers as joint venture partners.
For further information:
For further information: Ali Mahdavi, Zongshen PEM Power Systems Inc.,
Vice President, Corporate Finance & Investor Relations, (416) 962-3300,