LAS VEGAS, NV, August 3, 2021 --Ionix Technology, Inc. (OTCQB: IINX, Ionix Technology", "IINX" or "the Company"), a business aggregator in the fields of photoelectric display and smart energy, today announced that one of its wholly-owned subsidiaries Huixiang Energy Technology (Suzhou) Co., Ltd (Huixiang Energy) independently developed and researched lithium ion battery product that has successfully passed the test of National Institute of Chemical Power Sources for Light Industry and obtained the test report.
China National Institute of Chemical Power Sources for Light Industry is the only professional institute specialized in the research and testing of chemical power sources in the Ministry of Light Industry. The impartiality, scientific and authority of the institute has been unanimously recognized by the industry.
The lithium ion battery product independently developed and submitted by Huixiang Energy has been successfully passed the items including the charge and discharge capacity under normal temperature, 5C（12 minutes rate） charge capacity under normal temperature, and the discharge capacity under low temperature of -40 ° C and -50 ° C at 1C which reflects that the battery has broad adaptability and obvious low temperature performance and fast charge advantages, and it has exceeded the quality testing standards of relevant domestic products. According to the test report content, the discharge capacity of the battery at minus 50℃ can reach more than 95% of the normal temperature discharge capacity.
Mr. Li Cheng, CEO of IINX, said, “Lithium ion batteries have won good market prospects and investment because of their advantages such as high voltage, small size, light weight, no memory effect, no pollution, small self-discharge and long life etc. This test verification is of great significance to IINX's independently developed low temperature and fast charge lithium ion battery. Relying on the advantages of scientific research, equipment, and management, etc., to create high-quality, high stability products, forming a unique product advantage, which will become a new profit growth point for the company to further expand the market scale for IINX and will provide strong support for the stable and rapid development of the company's business."
Huixiang Energy Fast Charge and Low Temperature Lithium Ion Battery Test Report
About Ionix Technology, Inc.
Ionix Technology, Inc. is a holding company that is principally engaged in the photoelectric display and smart energy industries. The company has seven operating subsidiaries: Changchun Fangguan Electronics Technology Co., Ltd, a company which has been focusing on R&D, manufacturing and marketing LCM and LCD. Changchun Fangguan Photoelectric Display Technology Co., Ltd, a company which specializes in developing, designing, and selling TN and STN LCD, STN, CSTN, and TFT LCD modules as well as other related products; Shenzhen Baileqi Electronic Technology Co., Ltd, a company which specializes in LCD slicing, filling, researching and designing, and selling of LCD Modules (LCM) and PCBs; Lisite Science Technology (Shenzhen) Co., Ltd., a company engaged in the marketing and selling of intelligent electronic devices; and Dalian Shizhe New Energy Technology Co., Ltd., a company engaged in the new energy support service, and operating the photovoltaic power generation, electric vehicles and charging piles with corresponding operation and maintenance and three dimensional parking. Shijirun (Yixing) Technology Co., Ltd, a company engaged in new energy intelligent manufacturing and intelligent equipment industry. High intelligence of the equipment is a guarantee of high stability and consistency for EV and Energy storage battery.Huixiang Energy Technology (Suzhou) Co., Ltd, engaged in R&D of next generation advanced battery technologies, manufacture and sales of relevant battery products, including the solid state rechargeable lithium ion battery for next generation EV and energy storage systems. Also operation of battery packs, battery systems and electric vehicles sharing business with its own internet sharing platform. Currently, IINX has embarked on the layout of industrialization and marketization of front end materials and back end modules of liquid crystal displays and applications of flexible folding display technology by taking Fangguan Electronics as production bases, to seize the market share of OLED high technology.
To learn more, please visit our website: www.iinx-tech.com
Safe Harbor Statement
This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Ionix Technology assumes no obligation to update the forward-looking statements. Although Ionix Technology believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Ionix Technology's annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.
Ionix Technology, Inc.
Aug 3, 2021