Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and Product Offerings
September 28 2023 - 11:06AM
Erayak Power Solution Group Inc. ("Erayak" or the "Company")
(Nasdaq: RAYA), a leading manufacturer, designer, and exporter of
high-quality products in the power supply industry, is pleased to
announce that the Company is discussing with potential strategic
partners to expand its market opportunities and product reach.
One of the potential partners is a diversified energy company
that produces and markets fuels, natural gases, and electricity.
The company has been established in China for nearly 40 years and
is actively involved in the entire Chinese energy industry supply
chain, from both upstream to downstream operations. Erayak is
looking to share experience, technology, and industry expertise to
create mutually beneficial partnerships to develop domestic and
international energy solution businesses. Recently, a
representative from the aforementioned company visited Erayak to
gather a comprehensive understanding about the application and
performance of Erayak's product lines, including inverter generator
series, inverter series, household energy solutions, and storage
systems.
Erayak is also discussing with another potential partner, a
large trading company, which serves as an authorized agency and
franchisee in the UK for large brands such as Stanley Black and
Decker, and IMPAX Tooling Solutions, that produce electric power
tools. The company is well known and recognized within the industry
for its strong sales and large product shipment abilities. This
potential collaboration would allow both companies to produce more
electrically powered clean energy products.
Erayak’s Chairman & CEO, Mr. Lingyi Kong, commented, "I am
incredibly optimistic with the discussions that we are currently
having with potential strategic partners that will enhance our
product offerings and enable us to reach a broader customer base in
various countries across the globe. Additionally, these
conversations regarding our potential partnerships provide Erayak
with the opportunity to substantially build our brand’s image as
one of the world’s leading producers of electrical power products
that are clean and environmentally friendly to help us meet our
sustainability goals.”
About Erayak Power Solution Group Inc.
Erayak specializes in the manufacturing, research and
development, as well as the wholesale and retail sales of power
solution products. Erayak's product portfolio includes sine wave
and off-grid inverters, inverter and gasoline generators, battery
and smart chargers, and custom-designed products. Our products are
used principally in agricultural and industrial vehicles,
recreational vehicles, electrical appliances, and outdoor living
products. Our goal is to be the premier power solutions brand for
all of your mobile and outdoor living needs. For more information,
visit: https://erayakpower.com/
Safe Harbor Statement
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addition, from time to time, we or our representatives may make
forward-looking statements orally or in writing. We base these
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about future events, which we derive from the information currently
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Company; our ability to keep pace with new technology and changing
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Investor Relations Contact:
Skyline Corporate Communications Group, LLC Lisa Gray, Senior
Account Manager One Rockefeller Plaza, 11th Floor New York, NY
10020 Office: (646) 893-5835 Email: lisa@skylineccg.com
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