WENZHOU, China, Oct. 22, 2020
/PRNewswire/ -- ZK International Group Co.,
Ltd. (ZKIN) ("ZK International" or the "Company"), a
designer, engineer, manufacturer, and supplier of patented
high-performance stainless steel and carbon steel pipe products
primarily used for water and gas supplies, today announced that the
Company has been approved as a Qualified Supplier for the Suning
Real Estate Co., Ltd ("Suning Real Estate"), which in 2019, Suning
Real Estate ranked among the TOP 5 of China's Top 100 Commercial Real Estate
Enterprises, the TOP 20 of China's
Most Valuable Real Estate Brands and the TOP 50 of China's Top 100 Chinese Real Estate
Enterprises.
On October 19, 2020, the Company
was approved as a Qualified Supplier for Suning Real Estate, which
now gives the Company the ability to increase its order flow by
being able to supply stainless steel piping products to all of
Suning's projects across China.
The subsidiaries of Suning Real Estate are free to order products
from the Company with no need to do their own assessment. Suning
Real Estate's development plan is to build 50 Suning Plazas, 300
Suning.com Plazas and 100 luxury hotels in the future.
Currently there are only three stainless steel piping companies,
which includes ZKIN, which have been vested and qualified to supply
the projects of Suning Real Estate.
Mr. Jiancong Huang, Chairman and
Chief Executive Officer of ZK International, commented, "The
potential to increase revenue with this strategic partner is an
indication of ZK's financial future and its ability to be one of
the most reputable stainless steel piping companies in China. For 18 years, Suning Real Estate has
established itself as one of the leading real estate developers in
China, especially in the
commercial real estate sector. We are pleased to leverage our
technological know-how with the Suning Real Estate partnership
by assisting in its piping infrastructure of its real estate
projects across China. As we
explore the potential opportunities this partnership brings the
Company, we are excited that with broader cooperation with Suning
Real Estate, we are optimistic that a mutually beneficial
relationship can be developed between the two companies."
About Suning Real Estate Co., Ltd
Suning Real Estate, the owner and management platform of
properties of Suning smart retail outlets and scenario Internet
portals, focuses on the intelligent development and operation of
contemporary urban spaces. Relying on its industry chain driven by
two wheels "Commercial Development + Real Estate Operation", it has
developed its business in four real estate segments - commercial,
industrial, residential and logistics real estate, and three smart
operational fields - shopping malls, luxury hotels and property
management to build a "smart retail" ecosystem with diversified
business forms, perfect urban layouts, a balanced asset structure
and a liveable environment. In 2019, Suning Real Estate ranked
among the TOP 5 of China's Top 100
Commercial Real Estate Enterprises, the TOP 20 of China's Most Valuable Real Estate Brands and
the TOP 50 of China's Top 100
Chinese Real Estate Enterprises. In the mid-and-long term, Suning
Real Estate will achieve its target - building a portfolio of 50
Suning Plazas, 300 Suning.com Plazas and 100 star-rated
hotels. Suning Real Estate creates an integrated innovative
real estate business chain covering three development programs:
commercial real estate, city town and residential real estate. By
leveraging Suning Holding Group's experience in retail and O2O
operation, and using the Internet, Internet of Things and big data
technology, it is leading the formation of shopping malls, luxury
high-end hotels and property management.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based designer,
engineer, manufacturer, and supplier of patented high-performance
stainless steel and carbon steel pipe products that require
sophisticated water or gas pipeline systems. The Company owns 33
patents, 21 trademarks, 2 Technical Achievement Awards, and 10
National and Industry Standard Awards. ZK International is Quality
Management System Certified (ISO9001), Environmental Management
System Certified (ISO1401), and a National Industrial Stainless
Steel Production Licensee that is focused on supplying steel piping
for the multi-billion dollar industries of Gas and Water
sectors. ZK has supplied stainless steel pipelines for over
2,000 projects, including the Beijing National Airport, the "Water
Cube", and "Bird's Nest", which were venues for the 2008 Beijing
Olympics. Emphasizing superior properties and durability of
its steel piping, ZK International is providing a solution for the
delivery of high quality, highly sustainable, environmentally sound
drinkable water not only to the China market but also to
international markets such as Europe, East Asia,
and Southeast Asia.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
Safe Harbor Statement
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Without limiting the generality of the
foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "intend," "could," "estimate" or "continue" or the
negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances are
forward-looking statements. These forward-looking statements are
not guarantee of future performance and are subject to certain
risks, uncertainties, and assumptions that are difficult to predict
and many of which are beyond the control of ZK International.
Actual results may differ from those projected in the
forward-looking statements due to risks and uncertainties, as well
as other risk factors that are included in the Company's filings
with the U.S. Securities and Exchange Commission. Although ZK
International believes that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions
could prove inaccurate and, therefore, there can be no assurance
that the results contemplated in forward-looking statements will be
realized. In light of the significant uncertainties inherent
in the forward-looking information included herein, the inclusion
of such information should not be regarded as a representation by
ZK International or any other person that their objectives or plans
will be achieved. ZK International does not undertake any
obligation to revise the forward-looking statements contained
herein to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
Investor Contact:
Tony Tian, CFA
Weitian Group LLC
Phone: +1 (732) 910-9692
Email: ttian@weitianco.com
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SOURCE ZK International Group Co., Ltd.