BEIJING, March 22,
2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc.
(Nasdaq: RETO) (the "Company") announced today that its subsidiary,
Beijing REIT Technology Development Co., Ltd. ("Beijing REIT") and
Huayuan Chuangshi Industrial Intelligent Technology Co. Ltd.
("Huayuan Chuangshi") has signed a procurement contract for block
production lines. The contract entails exporting two RT10 fully
automated block production lines overseas for the production of
various environmentally friendly block building materials using
steel slag.
Beijing REIT was selected by Huayuan Chuangshi for the
procurement contract due to its advanced technology, reliable
quality, and excellent service. The parties will collaborate to
deliver high-quality steel slag comprehensive treatment and
recycling equipment to foreign customers, and focus on long-term
cooperation to open up overseas markets together.
Mr. Li Hengfang, Chairman and CEO of the Company commented, "We
are excited to have successfully signed an overseas order for our
specialized block automated production line which confirms its
recognition by the international market. With our solid technical
expertise and professional services, we have earned trust and
recognition from our customers. We will continue to focus on
environmental and ecological equipment, applying proprietary
technologies to meet divers customer needs and providing the
market with high-quality, low-cost burn-free brick production
equipment and services."
This procurement contract marks an important milestone for the
Company, as it continues to expand its footprint in the global
market for environmentally friendly building materials and
equipment.
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, the Company's
ability to fulfill the orders for the automated block production
lines; the future collaboration with Huayuan Chuangshi; the
Company's future business development; 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.