QualityStocks would like to highlight SkyPeople Fruit Juice, Inc. (NASDAQ: SPU). The company, through its wholly owned subsidiaries of Pacific Industry Holding Group Co., Ltd. and SkyPeople Juice International Holding (HK) Limited, is a holding company for SkyPeople Juice Group Co., Ltd., a company organized under the laws of the People’s Republic of China (“PRC”), in which SkyPeople International holds a 99.78% ownership interest. SkyPeople (China) is engaged in the business of producing and selling a wide variety of fruit products, including fruit juice concentrates, fruit juice drinks, and fruit-related products.
In the company’s news yesterday,
SkyPeople Fruit Juice announced that it was granted four new patents, each with a statutory patent period of 20 years, by the State Intellectual Property Office of the People’s Republic of China (SIPO) in September 2012. The patents granted to SkyPeople are related to the company’s innovative production methods and techniques, each of which can help more effectively produce a variety of fruit juice products.
The company stated that it had received, in September 2012, the patent certificates for the following four patents:
On September 12, 2012, SkyPeople received the following two patent certificates on:
• A Kiwifruit cider beverage and its production method (Patent No. ZL 2009 1 0022739.1)
• A production technology for strawberry juice concentrates (Patent No. ZL 2010 1 0209900.9)
On September 26, 2012, SkyPeople received the following additional two patent certificates:
• A production technology for turnjujube juice concentrates (Patent No. ZL 2010 1 0108318.3)
• A production technology for cherry juice concentrates (Patent No. ZL 2010 1 0209899.X)
The patent applications for the aforementioned patents were filed by SkyPeople back in 2009 and 2010, followed by a comprehensive review by SIPO. The company, upon being granted the new patents, expects to obtain market exclusivity for its innovative production methods and techniques for a period of 20 years. With the addition of these four new patents, SkyPeople now holds six active patents and has several additional patent applications in the process.
Mr. Yongke Xue, Chief Executive Officer of SkyPeople, stated: “We are pleased to obtain these patents which reflects our capability to develop proprietary and innovative production techniques that continuously increase operational efficiency and product quality. Our continued efforts to obtain new patents via our commitment to research and development, are part of a long-term growth strategy that we believe will ultimately benefit our business performance in the future.”
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