Erayak Power Solution Group Inc. Reports 437% Increase in Generator Sales in the First Half of 2022
28 12월 2022 - 10:00PM
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 provide the following information
concerning the Company’s generator sales in 2022.
For the first half of 2022, sales of the
Company’s generators were US$3.65 million, a 437% increase compared
to US$835 thousand in the first half of 2021. Generator sales in
the second half of 2021 were US$720 thousand and the generator
sales in the second half of 2022 are expected to continue similar
growth rate as seen in the first half of 2022. The increase
in generator sales is due to the continuous impact of the
Russia-Ukraine situation this year, resulting in an unprecedented
energy crisis that has significantly increased demand for the
Company's generators. 65% of generator sales are ultimately
distributed to Europe.
Erayak Chairman & CEO, Mr. Lingyi Kong
stated, “EU countries have publicly stated that they will adopt
diversified energy supply solutions to end their dependence on
Russian natural gas. Erayak is well positioned in this growing
industry and will launch hybrid inverters, dual-fuel generators,
and upgraded gasoline generators in the coming months to meet this
rapidly increasing demand coming from Europe.” The Company has
received new orders for more than 30,000 generators in the past
three months. In order to increase production capacity, the Company
has added three generator production lines in total this year.
About Erayak Power Solution Group Inc.
Erayak specializes in the manufacturing,
research and development, and wholesale and retail 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 and a
solution for mobile life and outdoor living. For more information,
visit www.erayakpower.com.
Safe Harbor Statement
This press release contains forward-looking
statements. In addition, from time to time, we or our
representatives may make forward-looking statements orally or in
writing. We base these forward-looking statements on our
expectations and projections about future events, which we derive
from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical in nature, particularly those that use
terminology such as “may,” “should,” “expects,” “anticipates,”
“contemplates,” “estimates,” “believes,” “plans,” “projected,”
“predicts,” “potential,” or “hopes” or the negative of these or
similar terms. In evaluating these forward-looking statements, you
should consider various factors, including: our ability to change
the direction of the Company; our ability to keep pace with new
technology and changing market needs; and the competitive
environment of our business. These and other factors may cause our
actual results to differ materially from any forward-looking
statement. Forward-looking statements are only predictions. The
forward-looking events discussed in this press release and other
statements made from time to time by us or our representatives, may
not occur, and actual events and results may differ materially and
are subject to risks, uncertainties, and assumptions about
us. We are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions, the forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives might not occur.
Investor Relations
Contact:Skyline Corporate Communications Group, LLCLisa
Gray, Senior Account ManagerOne Rockefeller Plaza, 11th FloorNew
York, NY 10020Office: (646) 893-5835
Email: lisa@skylineccg.com
Erayak Power Solution (NASDAQ:RAYA)
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