Sunrise New Energy Begins Live Streaming Video from Its Factory

Rhea-AI Summary

Sunrise New Energy Co., Ltd. (NASDAQ: EPOW) announced the launch of a 24/7 live streaming feature from its factory, aiming to enhance transparency for investors. This initiative allows stakeholders to monitor manufacturing processes in real-time, positioning Sunrise as potentially the world's first public company to offer such access. The Chairman emphasized that this step addresses U.S. investors' concerns regarding the limited due diligence on Chinese firms. The company is focused on producing graphite anode materials for lithium-ion batteries, utilizing renewable energy sources.

Positive

• Launch of 24/7 live streaming from factory enhances transparency for investors.
• First public company to offer real-time monitoring of manufacturing processes.
• Utilization of renewable energy for low-cost, environmentally friendly production.

Negative

• None.

• Investors Can Watch Factory’s Progress on Multiple Cameras 24-7
• Company Establishes a New Gold-Standard for Transparency with Investors 

ZIBO China, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it is live streaming video from cameras placed at different locations in its factory on the Company’s website at www.sunrisenewenergy.com, which can be accessed by clicking on the “Our Factory; Live Stream” button.

The Company set up the live streaming to allow investors to monitor the activities at the factory as part of their due diligence process. The Company believes that it is the first public company in the world to allow investors to watch 24-7 in real-time manufacturing of its products.

“As I have mentioned in the past, transparency with investors is a very high priority for Sunrise,” remarked the Chairman of the Company, Mr. Haiping Hu. “We know that investors in the U.S. feel that  the amount of due diligence that they can do on Chinese companies is limited, so we set up the live streaming so that investors can see with their own eyes the work being done and the products being made.”

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

FAQ

What is the significance of Sunrise New Energy's live streaming announcement?

The live streaming initiative enhances transparency, allowing investors to monitor manufacturing processes in real time.

How does the live streaming feature affect investor confidence in EPOW?

It aims to build investor confidence by providing direct access to factory activities, addressing concerns about Chinese companies.

What type of products does Sunrise New Energy manufacture?

Sunrise New Energy focuses on graphite anode material for lithium-ion batteries.

Where is Sunrise New Energy based?

The company is headquartered in Zibo, Shandong Province, China.

What energy sources does Sunrise New Energy use for production?

The company utilizes renewable energy sources for its manufacturing process.