EPOW Applied Two More Patents for Technological Breakthroughs in Hard Carbon Composite Materials, of Which Tesla is Interested

ZIBO, China, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that Sunrise (Guizhou) New Energy Materials Co., Ltd has applied two more patents of in hard carbon composite materials in September, including 202311166138.4-2023091101651000: A Preparation Method for Metal Sulfide Doped Hard Carbon Composite Materials and 2023111652084 -2023091101479840: A hard carbon composite material doped with antimony alloy and its preparation method. In addition, the Company also granted two new invention patents in August, namely 202211427206.3-2023082400873250: A Preparation Method for Anode Materials Used in Long Cycle Lithium Ion Batteries and 202211427111.1 -2023081800130520: A Preparation Method for High Energy Density Fast Charging Anode Materials. As of today, the Company's patent portfolio has reached a total of 50 applied, domestic and international, of which 25 have been granted.

With a strong emphasis on technological advancement and commercialization, Sunrise New Energy is at the forefront of harnessing the potential of anode materials to revolutionize the battery industry. Sunrise New Energy has received request from Tesla's Battery Raw Materials team to provide tech details, manufacture plans and available capacity for Tesla about hard carbon products.

"We are proud of our R&D accomplishments, as they provide us with a competitive edge and position the Company as a leader in next-generation anode technology," stated Mr. Haiping Hu, Chairman of Sunrise New Energy. "These inventions underscore our commitment to continuous innovation and pave the way for our expansion into hard carbon production."

About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture is constructing a 260,543 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.

Forward-looking statement
Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China's macroeconomic conditions, the relevant international market conditions, and other related risks and assumptions disclosed in the Company’s Annual Report on Form 20-F.. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC’s website to consult the company's relevant documents for other factors that may affect the company's future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.

For more information, please contact:
The Company:
IR Department
Phone: +86 4009919228