RainEarth Applies for Patent for Second Generation Blood Dialysis Equipment
09 Junho 2009 - 9:30AM
PR Newswire (US)
BEIJING, June 9 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin
Board: RNER; "the Company"), announced today that its contractual
partner in China, Beijing RainEarth Technology Co. Ltd., ("China
RainEarth"), has submitted a patent application for its second
generation of blood dialysis. This second generation blood dialysis
has several new features and advantages. These include: a lower
broken membrane rate, a higher gap rate, enhanced biological
compatibility for the hollow fiber membrane, and an increased
dialysis rate. China RainEarth has applied for patents in a variety
of areas with the State Intellectual Property Office of P.R.C
(SIPO) including: -- Scale manufacture method for hollow fiber
membranes -- Quick drying equipment for hollow fiber membranes --
Device for adjusting dry spinning range in hollow fiber membrane
that includes dry-wet spinning and control condensation bath
process concentration control -- Synthetic hollow fiber membrane
continuous spinning device -- Hollow fiber membrane porous
spinneret component -- Hollow fiber tube-in-orifice spinneret In
May 2009, the China State Council passed new regulations not only
to speed up the development of the biological industry in China but
also to enhance bio-tech patent protection. Products with
intellectual rights, once reviewed and approved, will be included
in the national Medical Plan catalog. "We continuously improve our
products and protect our intellectual property by applying for
patents. These advantages give China RainEarth a strong position in
hollow fiber membrane manufacturing and related fields, solidifies
our leadership position and ensures that we stay ahead of our
competition", said Mr. Zhu, CEO of the Company. About the Company
RainEarth Inc. (formerly Gold Rock Resources Inc., the "Company")
was incorporated in the State of Nevada on March 14, 2006. The
Company is a developing stage company that initially engages in the
search for mineral deposits or reserves. On March 25, 2009, the
Company and China RainEarth, a company organized and existing under
the laws of the People's Republic of China, entered into a Business
Cooperation Agreement (the "Agreement") for a term of twenty years.
The purpose of the Agreement is to jointly conduct Hollow Fiber
Mambrane Materials' application and manufacturing business in China
(the "Business"). The first product that utilizes this technology
is blood dialyzer. The Company will provide Advice and assistance
relating to development of marketing and consultancy services,
particularly as related to the Business. China RainEarth will give
60% of its revenue after deduction of direct operating costs,
expenses and taxes to the Company in consideration of the Company's
services. Forward-looking statements This press release contains
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included in this press release
are forward-looking statements. Forward-looking statements involve
risks and uncertainties including, but not limited to, economic and
political factors; developments of the Chinese and North American
markets and changes in regulatory matters; our business strategies
and future plans of operations; the market acceptance and amount of
sales of our products and services; our historical losses; the
competitive environment within the industries in which we compete;
and our ability to raise additional capital, currently needed for
expansion. The Company cautions that forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the
forward-looking statements due to several important factors. For
more information, please contact: RainEarth Inc. Public
Relationship Department Tel: +852-3005-7220 DATASOURCE: RainEarth
Inc. CONTACT: RainEarth Inc., Public Relationship Department at
+852-3005-7220
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