On May 1, Professer Ruan, associate dean of PMRICSU, Ph.D. supervisor, came to our company using his holidy break time. He inspected the cooperation of the “Powder Metallurgy Functional Material”. Chairman Cai had an substantive communication with Dean Ruan.
Since our company has long deep ties with Central South University and reliable technical background, in January 2008, an internationally renowned European electromagnetic Company made contact with us through internet, hoping us to develop a series of German import functional components, and then proceed to achieve localization.
After a period of technical analysis and evaluation, the company's decision-making figures came last third of last month, specifically inspected PMRICSU and our company, and soon signed a development agreement with us.
At present, the research and develop work has been carried on both by our company and PMRICSU. PMRICSU is responsible for research and production technology to develop, while our company is responsible for shaping and molding of preparation for mass production.
According to the introduction and assessment, such components are currently part of the Asian blank, these have great market prospects. If successfully developed, there would be a new record annual output of 20 million yuan.This will lay a solid foundation and provide strong protection for our company's rapid and sustainable development.