LISHUI, China, Nov. 14, 2017 /PRNewswire/ -- Tantech Holdings
Ltd. (TANH) ("Tantech" or the "Company"), a leading clean energy
company in China, announced today
that the Company has appointed Dr. Yonghua
Zhu as its Chief Scientist, in a bid to develop its electric
vehicle (EV) business. In this capacity, Dr. Zhu will oversee the
Company's automotive projects and lead the research and development
of autonomous driving technology for smart special-purpose electric
vehicles (EVs).
Dr. Zhu has been engaged in wireless transmission technology
research and development for over years, and has a proven track
record in applying bioengineering and artificial intelligence
technology to the automotive sector. His accomplishments include,
but not limited to, taking part in formulating the Federal Motor
Vehicle Safety Standard (FMVSS) 214 and obtaining three U.S.
patents including one used for testing human reactions to crashes.
Dr. Zhu has also been awarded three top prizes for his superior
academic work in the automotive field. Since 2015, Dr. Zhu has been
participating in developing electric vehicles for Hong Kong, a Special Administrative Region of
China. He is currently involved in
the development of 19-seat, right-hand-drive electric vans. He is
also teaming up with a Taiwan-based company to develop the battery
management system for electric vehicles, which will be mainly used
in the Hong Kong market.
In his role as Tantech's Chief Scientist, Dr. Zhu will be
responsible for building the technology platform for autonomous
driving, addressing technical and quality issues, as well as
providing guidance for key projects and tasks in all aspects.
Dr. Zhu said that capitalizing on the Company's research
resources and R&D strength, Tantech will focus on developing
autonomous driving technology in the near future for electric road
sweepers and related EVs produced by Suzhou E-Motors, a subsidiary
of Tantech. The move will not only help Suzhou E-Motors upgrade
products but also build a professional platform to drive innovation
for the future.
Mr. Zhengyu Wang, Tantech's Chief
Executive Officer, said: "We are delighted to welcome Dr. Zhu to
our team. The appointment is in line with the Company's strategy of
developing expertise in products and services used for the electric
vehicle sector to build a supply chain covering China's entire automotive industry." Mr. Wang
added that with the professional team led by Dr. Zhu, the Company
can further drive innovation and develop leading products to
realize sustainable growth, which is in the best interests of the
Company as well as all of its shareholders.
We shall remind investors that the appointment is part of the
Company's efforts to build up technical reserves for long-term
development, and it is not expected to have a material impact on
the Company's financial performance in the short term.
Dr. Zhu, a Hong Kong resident,
was born in 1951. His major research and work experience
include:
From September 1986 to
September 1988: conducted
postdoctoral research at the Department of Automotive Engineering
at the Mechanics Institute at Tsinghua University in Beijing, China;
From November 1988 to November 1990: conducted postdoctoral research at
the Center for Bioengineering at Wayne State
University of the U.S.A.;
From November 1990 to November 1993: appointed as an associate research
fellow and associate professor at Wayne State
University;
From November 1993 to January 2011: served as the general manager for
Asia Pacific at First Technology
Safety System Inc. in the U.S.A.;
From March 2012 to December 2016: served as the principal scientist
and chief technology officer at Suzhou Automotive Research
Institute, Tsinghua University in Suzhou, China;
From January 2017 to August 2017: was the founder and president for
First Technology Energy Corporation in Hong Kong.
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui
City, Zhejiang Province, China, Tantech Holdings Ltd.,
together with its subsidiaries, develops and manufactures
bamboo-based charcoal products, including a variety of branded
consumer products and electric double-layer capacitor ("EDLC")
carbon products for industrial energy applications. The Company
aims to transform itself from a bamboo-based charcoal products
producer to a vertically integrated company along the EDLC Carbon -
power battery - specialty new energy vehicle value chain. For more
information please visit: http://www.tantechholdings.com.
Forward-Looking Statements
This news release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
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. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
For more information please contact:
Tantech Holdings Ltd.
Ms. Ye Ren
IR Manager
+86-578-261-2869
ir@tantech.cn
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SOURCE Tantech Holdings Ltd.