EPOW to Host Business Update Call Thursday February 2nd at 8:30 AM ET to Discuss $700 Million in Supply Contracts

Rhea-AI Summary

Sunrise New Energy Co. (NASDAQ: EPOW) announced a business update conference call on February 2, 2023, at 8:30 AM ET. This call will provide insights into recent contract wins totaling $700 million in graphite anode supply. Chairman Haiping Hu emphasized that these contracts exceed the company’s current market capitalization by eight times. The move signifies Sunrise's position as a leading manufacturer in the graphite anode space. Participants can join via a live Zoom Webinar and an audio archive will be available post-call on the company's investor relations page.

ZIBO, China, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the company will host a business update conference call tomorrow morning, Thursday February 2^nd at 8:30 AM ET to give more detail on its recent wins of two large supply contracts worth a cumulative $700 million based on recent graphite anode pricing.

Participants may join the live Zoom Webinar, during which they can ask the executive team questions, by clicking on this link: https://us02web.zoom.us/webinar/register/WN_c_haylbYTMSZtgMoh5sgdA

An audio archive will be available shortly after the call on the Sunrise New Energy investor relations page at: http://www.sunrisenewenergy.com/#/ir

“These wins really established us as a leading manufacturer of graphite anode. To put the contracts into perspective, their value is over 8 times our current market capitalization,” said Sunrise New Energy’s Chairman Mr. Haiping Hu. “We are having this call to give investors more details on these supply agreements and on our progress on ramping up manufacturing capacity.”  

About Sunrise New Energy Co., Ltd

Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture is constructing a 138,000 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with a cumulative decades of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform business. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.

Forward-looking statement

Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China's macroeconomic conditions, the international market conditions served by the company, and other related risks and assumptions disclosed in the prospectus. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC’s website to consult the company's relevant documents for other factors that may affect the company's future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.

For more information, please contact:

The Company:
IR Department
Email: IR@sunrisenewenergy.com
Phone: +86 4009919228

FAQ

What are the details of the February 2, 2023 conference call by Sunrise New Energy (EPOW)?

The conference call will take place at 8:30 AM ET to discuss $700 million in supply contracts and manufacturing capacity.

How much are the new supply contracts announced by EPOW worth?

The new supply contracts are worth a cumulative $700 million.

Who is hosting the business update call for Sunrise New Energy (EPOW)?

The call will be hosted by Sunrise New Energy's executive team, including Chairman Haiping Hu.

Where can I find the audio archive of the Sunrise New Energy (EPOW) business call?

The audio archive will be available on Sunrise New Energy's investor relations page shortly after the call.

What is the significance of the new contracts for Sunrise New Energy (EPOW)?

The contracts highlight Sunrise's leadership in graphite anode manufacturing, valued over eight times its current market cap.