Ossen Innovation Announces Product Award and Research Project Recognition
SHANGHAI, Aug. 1, 2014 /PRNewswire-FirstCall/ -- Ossen Innovation Co., Ltd. ("Ossen" or the "Company") (NASDAQ: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that the Company was awarded the highest honor in product quality, the Jiujiang City Mayor Quality Award of 2014, due to its superior product quality and advanced quality management systems.
Furthermore, Ossen's 15.24 mm 1860MPa coated strand research project has been listed as a national key new product project for 2014 by the Chinese government. The Chinese government gives the awards to promote the development of new products and technological achievements, encourage enterprises to enhance their technological advancement and innovation capacity, and enhance their international competitiveness.
"Ossen Innovation is pleased with these recent recognitions, which attest to our innovative products and high standards of quality control," said Dr. Liang Tang, Chairman of Ossen Innovation. "I would also like to note that the Company has successfully completed a renovation project for our dedicated epoxy pre-stressed strand, which has now been put into production. This renovation should allow Ossen to secure more high-value, higher margin orders, particularly from the Japanese marketplace," concluded Dr. Tang.
About Ossen Innovation Co., Ltd.
Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen has two manufacturing facilities located in Maanshan, Anhui Province, and Jiujiang, Jiangxi Province.
Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report on Form 20-F, as amended. All information provided in this press release is as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE Ossen Innovation Co., Ltd.