SANTA ROSA, CA--(07/29/09) - Technology developer Rotoblock Corp. (OTC.BB:RTBC) says that the booming manufacturing sector in China has prompted it to entertain serious discussions with potential partner candidates including a possible acquisition in the emerging "green" technology sector like solar, wind, alternative fuel and smart grid technologies.
Rotoblock Chief Executive Officer Mr. Chien Chih Liu says Rotoblock has been exploring opportunities to design, develop, manufacture and export new products and technologies worldwide under the Rotoblock brand. With the recent growth of China's economy, particularly in high-tech industries, Mr. Liu says he may be looking for an acquisition candidate.
"Where I see the biggest opportunity of growth in the near future is in China's hi-tech manufacturing sector, particularly in areas that promote green technologies," said Mr. Liu. "We have had very exciting discussions with potential partners in China that also see strong opportunities to serve this market, particularly in the growth of smart grid, solar and alternative fueled vehicles."
U.S. trade officials late last year predicted that China's Green GDP market could hit $186 billion by 2010 and approach $500 billion by 2020, as reported by the Global Supply Chain Council. Launched in 2004, Green GDP is an index of economic growth that factors in the environmental costs of growth, such as pollution. Chinese officials use the index and a fistful of directives to reduce pollution and boost efficiency at state-owned transport, manufacturing and power generation enterprises. They want all goods and services in the next decade to be churned out by the most environmentally friendly and energy-efficient tech possible.
"Over the past week we have had exciting conversations with some very strong candidates in China," said Mr. Liu. "One company, GuoQiang Technology, is a high tech player that is researching green technology applications. They already have strong ties in advanced transportation technology."
About Rotoblock Corporation -- Rotoblock is focused on the development and manufacturing of advanced technology, energy-efficient and environmental equipment in China for distribution worldwide. The Company was incorporated in Nevada and is headquartered in Santa Rosa, California. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. For more info visit: http://www.rotoblock.com.
Safe Harbour For Forward-Looking Statements -- Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.