BEIJING, March 10,
2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc.
(Nasdaq: RETO) (the "Company") today announced that its subsidiary,
Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has
won the bid to supply professional block making machines for a real
estate construction project implemented in Beijing City by Zhongjian Yipin Property
Management Co., Ltd ("Zhongjian Yipin"), a subsidiary of Zhongjian
Sanju Construction Engineering Company Limited, a state-owned
company involved in the utilization of construction waste renewable
resources in China.
Pursuant to the contract signed, Beijing REIT will supply mobile
model RT6 block machines production line for the recycling of
construction waste to Zhongjian Yipin for its Beijing real estate project. The model RT6 is
the latest mobile model developed by Beijing REIT relying on its
specialized technologies that helps tailor the machineries for
different clients while ensure high product quality and
cost-efficient services.
Mr. Hengfang Li, Chairman and CEO of the Company, commented: "We
are excited to win the bid, which is a further demonstration in
terms of our technical strength and high levels of customer
acceptance. The machines will adopt convenient, flexible and
advanced production technology, integrated and mobile methods, and
make high-end building materials through classification and
comprehensive treatment of construction waste at the demolition
site, which will be used in construction, turning waste into
treasure while protecting the environment. It's in line with the
company's philosophy of 'using technology to improve ecology'. RETO
will continue our efforts in innovation of block forming equipment
and technologies and provide more advanced technology and services
to the market ."
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo, through its proprietary technologies,
systems and solutions, is striving to bring clean water and fertile
soil to communities worldwide. The Company, through its operating
subsidiaries in China, is engaged
in the manufacture and distribution of eco-friendly construction
materials (aggregates, bricks, pavers and tiles), made from mining
waste (iron tailings), as well as equipment used for the production
of these eco-friendly construction materials. In addition, the
Company provides consultation, design, project implementation and
construction of urban ecological protection projects and parts,
engineering support, consulting, technical advice and service, and
other project-related solutions for its manufacturing equipment and
environmental protection projects. The Company also offers roadside
assistance services and software development services utilizing
Internet of Things technologies. For more information, please
visit: http://en.retoeco.com.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies, including those
related to the EOD Project, the Company's future business
development such as municipal construction projects; product and
service demand and acceptance; changes in technology; economic
conditions; the growth of the industries in China in which the Company operates;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing and other
uncertainties and risks contained in reports filed by the Company
with the Securities and Exchange Commission (the "SEC"). For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Angela Hu
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc
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SOURCE ReTo Eco-Solutions, Inc.