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, has announced a subscription of securities in Primus Power Corporation, a leading global clean tech storage company.
On Real is a company with expertise in telecommunications and two-way radio product design and manufacturing. It has set up offices in both Shenzhen and Hong Kong. It also has two other production facilities in Shenzhen and Yunfu City of China. The operation and production base have a total gross floor area of over 17,500 square meters.
On real is optimistic 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 flow batteries are shipping internationally to National Grids, international commercial/industrial energy providers, data centers, micro-grids, utility, and security customers. With technical innovations protected by 51 patents in 14 countries, the Company's Energy Pod systems offer exceptional reliability, modularity, and high energy density at an industry-low total cost of ownership.
On real's future forecast, of both clean energy paired with energy storage is bright and prosperous particularly in China. China is endeavouring to develop renewable energy in recent years as part of China's National Energy Administration, the key decision maker is supporting the aftorementioned markets, and has planned to invest $360 billion in the renewable energy sector over five years in accordance with its 13th Five-Year Plan for Renewable Energy Development. It display how determined China is in achieving goals for clean energy and energy storage.
For the annoucement, please refer to: http://www.on-real.com/attachment/GLN20181011019.pdf