SHENZHEN, CHINA: China Ritar Power Corp., a leading Chinese manufacturer of lead acid batteries, announced that the delivery of its order from China Mobile Ltd in the aggregate amount of $15 million originally planned for 2009 has been delayed until 2010.
The delay is a result of a later than expected 3G network rollout by China Mobile.
China Ritar's Chairman and CEO, Jiada Hu stated: "This delay resulted in lower revenue for 2009 than we originally projected. However, we remain confident that the order with China Mobile Limited will be delivered during 2010."
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