YANTAI, China, Jan. 16, 2018 /PRNewswire/ -- Newater Technology,
Inc. (NASDAQ: NEWA) ("NEWA", or the "Company"), a developer and
manufacturer of membrane filtration products and related hardware
and engineered systems used in the treatment, recycling and
discharge of wastewater, is pleased to announce its new strategic
partnership with NW Blockchain Limited ("NWBL"), a blockchain
developer focused upon environmental protection projects, to
jointly develop blockchain applications to use in the wastewater
treatment industry.
NWBL expects to utilize blockchain technology in the wastewater
treatment industry to develop a new value-based exchange network.
Blockchain is a digitized, decentralized, open, distributed ledger
that can record transactions between two parties efficiently and in
a verifiable and permanent way.
The partners will focus on building a traceable, transparent,
and highly-secured platform for wastewater treatment opportunities
and transactions. The partners expect to develop a blockchain token
system that will be backed by the assets and the revenues from the
wastewater treatment projects invested by NWBL and operated and
managed by Newater. Investors will be able to purchase tokens from
NWBL.
For each wastewater treatment project identified by both
partners, NWBL will fund the project and purchase the wastewater
treatment equipment from the Company. The Company will then manage
and operate those projects. During the lifetime of the project,
NWBL will pay the Company 20% of the project proceeds for managing
and operating the project annually.
"Having a strategic partner like NWBL opens the doors for our
company to access blockchain technology and allows us to
potentially significantly increase the Company's revenue by
engaging in larger projects that we believe are readily available
in the growing China market."
"We believe the partnership with NWBL will add value to our
shareholders because in addition to our traditional equipment sales
business, the management fees expected to be generated from
operating wastewater treatment plants will provide an additional
revenue stream. We believe this strategic partnership will expedite
our growth and strengthen our company's position as a leading disk
tube reverse osmosis and disk tube nano-filtration manufacturer in
China," commented Mr. Yuebiao Li,
the Company's Chairman and Chief Executive Officer."
About NW Blockchain Limited
NW Blockchain Limited, a blockchain ecosystem builder, is
focused on environmental protection and atmospheric management
using blockchain technology.
About Newater Technology, Inc.
Founded in 2012 and headquartered in Yantai, China, Newater specializes in the development,
manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF
(Disk Tube Nano-Filtration) membranes for wastewater treatment,
recycling and discharge. It currently has completed more than 60
wastewater treatment projects in more than 14 provinces in
China. More information about the
Company can be found at: www.newater.cc.
Forward-Looking Statements
This press 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. 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. Specifically, the Company's statements
regarding its continued growth, business outlook, its ability to
generate revenues from its joint ventures with NWBL and NWBL's
ability to create a crypto-currency that can exchanged on a readily
used market that offers liquidity to investors are forward-looking
statements. Forward-looking statements are not guarantees of
future performance and involve risks and uncertainties that may
cause the actual results to differ materially from the Company's
expectations discussed in the 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 future business development; product and service
demand and acceptance; changes in technology; economic conditions;
the growth of the water filtration industry in China; 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 risks contained in reports filed by
the Company with the Securities and Exchange Commission. 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 U.S. Securities and Exchange Commission, 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 additional information, please contact:
Company
|
Investor
Relations
|
Zhuo
Zhang CFO
|
Y. Tracy
Tang CFA, CPA
|
NEWATER TECHNOLOGY
INC.
|
SINO-AMERICAN
INVESTOR ADVISORY
|
Phone: +86 (535)
626-4177
|
Phone: +1 (646)
485-1040
|
Email:
zhuozhang@newater.cc
|
Email:
Tracy.tang@sino-UsInvestors.com
|
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SOURCE Newater Technology, Inc.