Global Internet Of People, Inc.'s Subsidiary Enters Into MOU With A Vancouver-based Company To Establish A U.S. Based Facility Producing Graphite-based Products
Global Internet of People, Inc. (“SDH”, the “Company”, “we” or “our”) (NASDAQ:SDH), today announced that the Company’s subsidiary Sunrise (Guizhou) New Energy Material Co., Ltd. (“Sunrise”), a lithium-ion battery anode producer based in Guizhou Province, China, has entered into a memorandum of understanding (“MOU”) with Graphite One Inc. (“Graphite One”), a Vancouver based company that produces graphite materials. Graphite One Inc. is listed on the Canadian TSX Venture Exchange (TSX‐V: GPH) and the American OTCQX market (OTCQX:GPHOF).
Pursuant to the MOU, the parties intend to negotiate a definitive agreement to form an alliance of the parties for the purpose of establishing a graphite material manufacturing facility in Washington State, U.S. Graphite One plans to build a supply chain of graphite materials in the U.S., which is proposed to consist of a manufacturing facility producing anode and other graphite-based products using natural graphite from a graphite deposit site near Nome, Alaska, and Sunrise will assist in the design, construction and operation of the proposed manufacturing facility.
Sunrise was founded by SDH and several industry peers to produce lithium-ion anode materials and is led by an experienced management team. SDH’s CEO, Mr. Haiping Hu, is serving as the Chairman of Sunrise. Mr. Hu began to explore the field of lithium-ion battery materials in 1999 when he co-founded and became the first general manager of Shanghai Shanshan Technology Co., Ltd. (“Shanshan Technology”), which was the first company in China to produce anode materials for lithium-ion batteries at a large scale. Ms. Du Huiyu, the general manager of Sunrise, has held senior management positions at several publicly listed companies in China in the lithium-ion battery materials industry for approximately 20 years. Zhang Dianhao, the chief engineer of Sunrise, has more than 30 years experiences in the lithium-ion materials industry and has made significant contributions to the development of China's lithium-ion battery materials industry.
Mr. Haiping Hu commented, “Having entered into this MOU with Graphite One, we are pleased to explore the potential opportunity to participate in the North America’s fast growing graphite materials market. Our potential collaborative partnership with Graphite One could help expand SDH’s global reach and expedite the execution of our growth plan.”.