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We believe that continuous investment in research and development is a key component to being a leader in fruit juice concentrates and fruit beverages. Our Research and Development Center of SkyPeople (China) was certified as the Provincial Industrial Research & Development Center jointly by six provincial institutions of Shaanxi Provincial People’s Government, including the Department of Communications, the Department of Science and Technology, the Department of Finance, the Bureau of National Taxation, the Bureau of Local Taxation and Xi’an Customs in December 2009. As of December 31, 2011, we had an internal research and development (R&D) team of approximately 43 people, and we retain external experts and research institutions for additional consultation. Our research and development effort emphasizes the design and development of our processing technology with the goal of decreasing processing costs, optimizing our production capabilities and the maintenance of our product quality. We intend to continue to invest in R&D to respond to and anticipate customer needs. As part of our R&D efforts, we routinely make contractual arrangements with outside R&D institutes. Currently, we have three new R&D contracts with outside institutes. The following table sets forth details of the three contracts that are now in effective.
- Research & Development
- Focus innovative high margin products
- External experts and strong collaboration with academic research institutions
- 3 R&D initiatives under way
- Ongoing relationship with Shaanxi Institute to more effectively and comprehensively implement initiatives
- 13 Proprietary Technologies
- Two Active patents
- Device for breaking up and separating fruit peel, squeezing the pulp out of fruit and separating pulp from fruit peel
- Device for removing material on fruit peel and fruit hair
- Pending patents (11) -
- 11 patents in application for a production process
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