China Fire's three products that were tested and certified by UL were its: Nonrestorable Fixed-Temperature Line-Type Heat Detector, Restorable Fixed-Temperature Line-Type Heat Detector and Restorable Rate of Rise & Fixed-Temperature Line-Type Heat Detector. These products have many competitive advantages over peer products, including China Fire's proprietary "Rate of Rise in Temperature" technology that differentiates temperature rises caused by fire hazards from rises caused by environmental or non-dangerous sources, their superior operating distance and their automatic notifications sent to the monitoring system when maintenance and repairs are needed. China Fire's proprietary "Fixed-Temperature" technology also enables its LHDs to veritably "fix" their alarm temperature, so that it is not affected by heated cable length and ambient temperature as in competing products. China Fire's LHDs have already won dozens of patents worldwide and enabled the Company to become one of China's leaders for national fire protection products. Domestically, China Fire's LHD products have influenced the industry standards and its proprietary LHDs have come to be considered irreplaceable in fire solution systems for the iron and steel industry. "Achieving certification by Underwriters Laboratories, a world leader in product safety testing, is an important milestone in our company vision of persistent technology innovation and greater market positioning," commented Mr. Brian Lin, Chief Executive Officer of China Fire. "As we mentioned during our previous earnings call, China Fire is actively pursuing fire protection projects and product sales in international markets, as well as diversifying the revenue stream and customer base by expanding into other verticals. UL certification will give China Fire a competitive advantage that enables us to gain more market share and better pricing in international markets and effectively help the Company expand into more industrial verticals and more complex environments. Moreover, UL Certification also serves as a criterion for the Company to be recognized by the government with a National Hi-Tech Company award, which would enable the Company to benefit from numerous favorable governmental policies. We believe that our cutting-edge technology, proprietary patent protection and our leadership in influencing national fire safety standards will continuously bring strong market position and lasting advantages that allow China Fire to deliver strong, sustainable, long-term financial performance, and ultimately to reward our investors with shareholder value." About China Fire & Security Group, Inc. China Fire & Security Group, Inc. (NASDAQ: CFSG), through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Tianjin Tianxiao Fire Safety Equipment ("Tianxiao"), is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Via its nationwide direct sales force, China Fire has built a solid client base including major companies in iron and steel, traditional power generation, petrochemical and nuclear power industries throughout China. China Fire has a seasoned management team with strong focus on standards and technologies. Currently, China Fire has 52 issued patents covering fire detection, system control and fire extinguishing technologies. Founded in 1995, China Fire is headquartered in Beijing with about 500 employees in more than 30 sales and project offices throughout China. For more information about the Company, please go to http://www.chinafiresecurity.com . Cautionary Statement Regarding Forward Looking Information This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" are contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
China Fire & Security Group, Inc.
Shayla Suen, Investor Relations
Tel: +86-10-8441-7400
Email: ir@chinafiresecurity.com
ICR, Inc.
In China:
Michael Tieu or Bill Zima
Tel: +86-10-6599-7960 or +86-10-6599-7969
Email: michael.tieu@icrinc.com or william.zima@icrinc.com
In the U.S.:
Brian M. Prenoveau, CFA
Tel: +1-203-682-8200
Email: brian.prenoveau@icrinc.com
SOURCE China Fire & Security Group, Inc. http://www.chinafiresecurity.com For full details on China Fire & Security Group Inc (CFSG) click here. China Fire & Security Group Inc (CFSG) has Short Term PowerRatings of 6. Details on China Fire & Security Group Inc (CFSG) Short Term PowerRatings is available at This Link.
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