In August 2024, Zhejiang Provincial Department of Economy and Information Technology announced the "List of the first batch of technology-based smes to be put into storage in Zhejiang Province in 2024", according to the relevant provisions of the "Evaluation Measures for Technology-based smes" (Guoke Fuzheng [2017]115) and the "Guidance on Technology-based smes Evaluation Service Work" Guoke Huozi [2022]67), With the innovation of new energy storage technology, Zhejiang Vastech Technology has successfully entered the storage and become a technology-based small and medium-sized enterprise in Zhejiang Province.

Scientific and technological smes refer to smes that rely on a certain number of scientific and technological personnel to engage in scientific and technological research and development activities, obtain independent intellectual property rights and convert them into high-tech products or services, so as to achieve sustainable development. With its excellent technological innovation ability and profound accumulation in the field of energy storage, Zhejiang Vastech Technology has won a number of honorary titles such as innovative Small and medium-sized Enterprises in Zhejiang Province and technology-based small and medium-sized enterprises in Zhejiang Province, and has made remarkable achievements in the field of new energy storage technology, and won the new energy innovation competition awards for many times. The core technology of the company has passed the authoritative appraisal of the China Battery Industry Association, the overall has reached the international advanced level, and some core technical indicators have reached the international leading position, consolidating the forefront position in the field of energy storage technology.

The successful recognition as a science and technology small and medium-sized enterprise in Zhejiang Province represents that Zhejiang Vastech Technology's product innovation strength in the field of new energy storage has been recognized, which also brings more policy support and market opportunities for the company. In the future, Zhejiang Vastech Technology will continue to adhere to the core concept of "accelerating the era of energy security and inclusive benefits", adhere to the road of science and technology enterprises, technology strong enterprises, committed to promoting energy storage technology innovation and progress, provide more users with efficient and reliable energy storage solutions, and help build a more secure and inclusive energy future.