June 10, 2013
SORL Auto Parts, Inc. (NASDAQ: SORL)("SORL" or "the Company"),
a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in
, today announced that the Company has received "Excellent Supplier Awards" from two of its customers, Donfeng Yangtse Motor (
) Ltd. and Shandong Wuzheng (Group) Co. Ltd.
Donfeng Yangtse held its 2013 annual supplier meeting, with representatives from more than 60 of its suppliers from around
attending the meeting.
At the meeting, SORL received the "Excellent Supplier Award" for 2012 from Donfeng Yangtse for its supplier performance.
At a separate event, the Shandong Wuzheng's 2013 marketing meeting recently took place. Representatives from over 600 automotive, agriculture automotive, and agriculture equipment companies from around
gathered at the meeting. SORL was presented with a "2012 Annual Excellent Supplier Award" from Shandong Wuzheng at the meeting.
, SORL's Chief Operating Officer, commented, "We are working closely with each customer to help them achieve their goal of expanding their businesses. Through our strong research and development capabilities, we continue to use new technologies to develop innovative products combined with our excellent service. These awards are an acknowledgment by each customer of our valuable contributions as a supplier."
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. is the market leader for commercial vehicles brake systems, such as trucks and buses in
. The Company distributes products both within
and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in
, with a product range that includes 65 categories with over 2000 specifications in brake systems and others. The Company has four authorized international sales centers in UAE,
the United States
. SORL is working to establish a broader global sales network. For more information, please visit
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology such as "expects," "anticipates," "believes," "targets," "goals," "projects," "intends," "plans," "seeks," "estimates," "may," "will," "should" or similar expressions. These forward-looking statements may also include statements about the Company's proposed discussions related to its business or growth strategy, which are subject to change. Such information is based upon expectations of the Company's management that were reasonable when made, but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond the Company's control and upon assumptions with respect to future business decisions, which are subject to change. The Company does not undertake to update the forward-looking statements contained in this press release. These risks and uncertainties may include, but are not limited to general political, economic and business conditions which may impact the demand for commercial vehicles or passenger vehicles in
and the other significant markets where the Company's products are sold, uncertainty regarding such political, economic and business conditions, trends in consumer debt levels and bad debt write-offs, general uncertainty related to possible recessions, natural disasters, the political stability of
and the impact of any of those events on demand for commercial or passenger vehicles, changes in consumer confidence, new product development and introduction, competitive products and pricing, seasonality, availability of alternative sources of supply in the case of the loss of any significant supplier or any supplier's inability to fulfill the Company's orders, cost of labor and raw materials, the loss of or curtailed sales to significant customers, the Company's dependence on key employees and officers, the ability to secure and protect trademarks, patents and other intellectual property rights, potential effects of competition in the Company's business, the dependency of the Company upon the normal operation of its sole manufacturing facility, potential effect of the economic and currency instability in
and countries to which the Company sold its products, the ability of the Company to successfully manage its expenses on a continuing basis, the continued availability to the Company of financing and credit on favorable terms, business disruptions, disease, general risks associated with doing business in
or other countries including, without limitation, foreign trade policies, import duties, tariffs, quotas, political and economic stability, and the other factors discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. For additional information regarding known material factors that could cause the Company's results to differ from its projected results, please see its filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at
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SOURCE SORL Auto Parts, Inc.