SOURCE: Huayue Electronics, Inc

Huayue Electronics, Inc

September 04, 2014 08:30 ET

Huayue Electronics, Inc. Announces Participation in Government Intellectual Property Program

CHANGZHOU, CHINA--(Marketwired - Sep 4, 2014) - Huayue Electronics, Inc. (OTCQB: HUAY), a manufacturer and international distributor of LED lighting products, today announced that the Company's application for participation in the Intellectual Property Protection and Strategic Expansion Program of the City of Changzhou Bureau of Technology has been approved. The record of the Bureau of Technology setting forth the approval can be reviewed on the Bureau's official website: http://www.changzhou.gov.cn/gi_class/kjj.

The Intellectual Property Protection and Strategic Expansion Program is open to high tech companies with patents located in the Changzhou metropolitan area. The operating subsidiary of Huayue Electronics was admitted into the Program after the Bureau of Technology certified our overall compliance with high standards for training and guidance regarding the development and protection of patents. During 2014, while the review was taking place, Huayue Electronics, Inc. initiated a number of projects in research and development of new lighting products. The Bureau witnessed the Company providing training and education to its researchers and engineers on matters of intellectual property, including patent creation, categorization and protection.

Huayue Electronics, Inc. is a leading energy efficient lighting products manufacturer and distributor, based in Changzhou, PRC. The Company offers products utilizing both LED and induction technology. Since its establishment in 1999, Huayue has obtained more than 110 industry-related patents to protect the Company's intellectual property. Admission to the Intellectual Property Protection and Strategic Expansion Program will make Huayue Electronics eligible for grants and research funding provided by the City of Changzhou. In addition, participation in the Program will give Huayue Electronics an advantage in bidding for lighting projects within Changzhou. 

Pan Shudong, CEO and Chairman of Huayue Electronics, commented: "Our research and development team has an impressive history of obtaining patents and protecting our intellectual property. Their efforts are the foundation for our Company's growth. We are thankful to the Bureau of Technology for its approval, another way of the government saying that we are doing things the right way. And with grants from the Technology Bureau, we will have more flexibility in establishing strategic relationships with other parties involved in the development of lighting-related intellectual property, both locally and globally."

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