Rimlife to be Exclusive Agent/Reseller of Himin Solar Water Heaters

Edison, NJ (October 8, 2009). As part of its ongoing efforts to extend its business in the solar and clean technology industry, Rimlife has won the right to be the exclusive agent of Himin solar water heaters in the Eastern USA and Hawaii.

Himin Solar Energy Group was established in 1995 in Shandong Province, China and is one of the premier companies in the solar energy industry and the world's largest solar thermal manufacturer. The company sells extremely high quality solar water heaters at a premium price, but still controls 14% of the Chinese market, the biggest in the world, and annual coverage area of Himin solar water heaters has reached two million square meters, equivalent to 800 megawatts of power. In 2006, its reported revenue was RMB 2 billion (US $294 million), with total overseas sales of about USD 5 million.

The company has 4000 staff members in Dezhou, more than 50000 employees nationwide, and is armed with more than 200 patents. The company was among the top 30 private enterprises in terms of taxation, and has one of the most influential household electrical brands in China, with a valuation in excess of RMB 5 billion. The company headquaters is in the 330 hectares "Solar Valley", which includes 5 centers for manufacturing and logistics, R&D and testing, convention, solar education and tourism. In December 2008, Himin secured a USD 100 million investment from Goldman Sachs and CDH.

In December 2008, Himin secured a USD 100 million investment from Goldman Sachs and CDH.