WENZHOU, China, Jan. 18, 2018
/PRNewswire/ -- ZK International Group Co., Ltd. (NASDAQ:
ZKIN) ("ZKIN" or the "Company"), a designer,
engineer, manufacturer and supplier of patented high-performance
stainless steel and carbon steel pipe products for projects that
require sophisticated water or gas pipeline systems, is pleased to
announce that the Company entered into a $1.2 million contract with The XingRong Group,
one of the largest water treatment and supply company in
Western China.
Pursuant to this Phase I stainless steel pipe procurement
contract, the Company will supply approximately 280,000 meters of
piping and 280,000 pipe fittings over the course of one year to the
XingRong Group. The pipe products will be used for XingRong's water
supply infrastructure construction projects to supply households
with clean drinking water.
Mr. Jiancong Huang, ZK
International's Chief Executive Officer, stated, "We are pleased
that we have the opportunity to work with the XingRong Group, one
of the largest water treatment and supply companies in Western China. We share the same passion to
deliver quality water to households. Our patented stainless steel
pipe products are our solution to lay down the necessary
infrastructure to achieve that. We are very excited to continue
building our relationship with companies committed to building
sustainable and responsible pipelines, such as the XingRong
Group."
About the XingRong Group
The XingRong Group is a comprehensive water treatment and supply
company. XingRong has 10 water supply facilities, 16 water
treatment facilities, 2 garbage power plants, 2 landfill leachate
plants, and 2 sewage sludge treatment plants in China. With more than 4,300 employees and 27
subsidiaries, the group currently serves a population of 30
million.
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 28
patents, 21 trademarks, 2 Technical Achievement Awards, and 10
National and Industry Standard Awards. ZK International is
preparing to capitalize on the $850 Billion commitment made by
the Chinese Government to improve the quality of water, which in
its current supply state is 70% unfit for human contact. 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, which include 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 to not only to
the China market but 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.
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 guarantees 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
described more fully in ZK International's registration statement
on Form F-1 that was filed with the SEC. 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:
KCSA Strategic Communications
Valter Pinto, Managing
Director
PH: +1 (212) 896-1242
ZKInternational@KCSA.com
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SOURCE ZK International Group Co., Ltd.