On Real International Holdings Limited Invested in Primus Power Corporation

October 11, 2018 - 06:17
On Real International Holdings Limited Invested in Primus Power Corporation

Optimistic Towards the Development of Green Energy and Energy Storage


HONG KONG, CHINA - Media OutReach - 11 October 2018 - On Real International Holdings Limited(8245.HK), a Hong Kong Company Listed on the GEM Board since 2015, hasannounced a subscription of securities in Primus Power Corporation, a leadingglobal clean tech storage company.


On Real is a company with expertise in telecommunicationsand two-way radio product design and manufacturing. It has set up offices in bothShenzhen and Hong Kong. It also has two other production facilities in Shenzhenand Yunfu City of China. The operation and production base have a total grossfloor area of over 17,500 square meters.


On real isoptimistic towards an investment in Primus Power Corporation (www.primuspower.com). Primus Power is the global leader in the provision of low-cost,long-life, and safe long-duration energy storage systems. The company's flowbatteries are shipping internationally to National Grids, international commercial/industrialenergy providers, data centers, micro-grids, utility, and securitycustomers.  With technical innovations protected by 51 patents in 14countries, the Company's Energy Pod systems offer exceptional reliability,modularity, and high energy density at an industry-low total cost ofownership.  


On real's future forecast, of both cleanenergy paired with energy storage is bright and prosperous particularly inChina. China is endeavouring to developrenewable energy in recent years as part of China's National EnergyAdministration, the key decision maker is supporting theaftorementioned markets, and has planned to invest $360 billion in therenewable energy sector over five years in accordance with its13th Five-Year Plan for Renewable Energy Development. It  display how determined China is in achievinggoals for clean energy and energy storage.

For the annoucement, please refer to: https://www.on-real.com/attachment/GLN20181011019.pdf