China Gengsheng Minerals Inc., China-based manufacturer of high-tech industrial materials, conducting its business through the BVI-registered Gengsheng International Corporation, made an announcement that it has secured a US$2.1 million worth contract with Florida-based company AMSAT International, a technology company specializing in advanced ceramics. The contract provides for shipments of fracture proppant products which are to commence in the third quarter of 2010 and continue through the end of 2010.
China Gengsheng’s Chairman and CEO Mr. Shunqing Zhang stated in his comments to this contract that “the demand for these type of products are becoming increasingly international which truly speaks to our array of diverse mineral and product mixes. While refractories still represent the majority of our business, this contract award speaks to the quality of our fracture proppant products that are increasingly gaining awareness as an international product in its niche market.”