- Fushi International (Dalian) Bimetallic Cable Co., appointed to Form Composite Conductors Working Group by China's National Standardization Committee -
DALIAN, China, Dec. 14 /PRNewswire-Asia/ -- Fushi Copperweld, Inc., (the "Company") (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that the Company's subsidiary, Fushi International (Dalian) Bimetallic Cable Co., Ltd., has been appointed to form and organize China's first ever composite conductor working group by the National Standardization Administration of China. The National Standardization Administration (SAC), established in April 2001, is authorized by the State Council of the People's Republic of China to draft, formulate, and implement state laws and regulations on product standardization.
Upon formation, the working group will be the first standards setting body within China for composite conductors. The working group, which will draw together a number of well-known industry experts, leaders, and enterprises, will be tasked with formulating a nationwide standard for composite conductor wires within the telecommunication, electrical, automotive, railway, industrial and utility industries, as well as in other high frequency signal and power transmission areas. In 2007, the Company along with the Number 23 Research Institute of China Electronics and Technology Group and other industry experts formulated a national standard for Copper-Clad Aluminum Wire ("CCA"). The proposed national standard for CCA has been formally approved by the National Standards Committee and awaits industry implementation.
"Fushi Copperweld is honored that the National Standardization Administration has once again chosen the Company to play an active role in drafting national standards within the wire and cable industry," commented Mr. Fu Li, Chairman and co-Chief Executive Officer of Fushi Copperweld. "The formation of a composite conductor working group will greatly promote the national composite conductor industry and relevant industries in China through the development of nationwide standards. As the global leader of copper-cladded composite conductors with over 100 years of combined operational expertise, Fushi Copperweld looks forward to partnering with leaders within China's wire and cable industry to develop a nationwide standard for composite conductors and ensure that the needs of the industry are met."
About Fushi Copperweld, Inc.
Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co., Ltd., and Copperweld Bimetallics, LLC, is the leading manufacturer and innovator of copper-cladded bimetallic engineered conductor products used in the electrical, telecommunications, transportation, utilities and industrial industries. With extensive design and production capabilities and a long-standing dedication to customer service, Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide. For more information, visit: http://www.fushicopperweld.com .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .
For more information, please contact:
Nathan J. Anderson
Vice President of Investor Relations
Fushi Copperweld, Inc.
Email: IR@fushicopperweld.com
Tel: +1-931-433-0482
