SDET,
Subsidiary of
SDT Holdings, Announces Plan to Build Battery Factory in
Quebec
Montreal, CA
-- February 6, 2018 -- InvestorsHub NewsWire -- SDT
Holdings, Inc. / Wuhan General Group (China), Inc. (OTC
PINK: WUHN) (the "Company").
The
proposed
state-of-the-art,
large-capacity
battery facility intends to
leverage the newly electric mining equipment
market forecasted to reach $56
billion by 2022.
Strategic Development of Electrification
Technology (SDET)
is a Quebec-based enterprise that
specializes in the
research and development,
prototyping, benchmarking and piloting of industrial batteries. The company also produces low-cost, high-performance battery cells designed for a wide-range of heavy-duty industrial electric
equipment.
These cells are known to
have exceptional autonomy and ultra-rapid recharge
capabilities,
without any degradation or loss of lifecycle.
The Company announced today that it plans
to build a R&D laboratory and battery factory, subject to
the receipt of mandatory governmental permits along with the solidification of required debt and equity
financing. "We are currently in discussion with
partners and city
officials," stated Ramy Kamaneh, CEO of SDT Holdings,
Inc.
The key companies profiled to use the batteries produced in the new factory
include Caterpillar Inc.,
Komatsu Ltd., Sandvik, Joy Global Inc., Hitachi Construction
Machinery Co. Ltd., Atlas Copco and AB Volvo.
The Company anticipates the construction to
begin no later than the second quarter of this fiscal year.
Phase One is estimated to take five months to complete and Phase
Two, nine months. Once fully operational, the facility is
projected to be a home base for 25 new permanent jobs with the expectation that
more jobs will be created as production ramps up.
About the new factory announcement, Ramy
Kamaneh states, "By building a cutting-edge battery factory along the Quebec mining region, which is in direct proximity to lithium, graphite and other
primary materials needed to build the battery, we put ourselves in an advantageous supply situation, while reducing our costs significantly. By providing batteries to the
mining industry both nationally and internationally, forecast
numbers show that we are poised to earn substantial additional
revenues in the years to come."
About
SDT Holdings, Inc. is a
Montreal-based industrial technology holding company that focuses
on the development, production and commercialization of its four
subsidiaries, specialized in these areas: mining electrification,
cryptocurrencies / blockchain, industrial batteries, internet of
things and artificial intelligence for the industrial market.
Dedicated to supplying quality, innovative technologies and battery
solutions, SDT Holdings services the transport, mining,
agricultural, industrial and earthmoving industries.
SDT Holdings, Inc
Publicly traded company (OTC
Pink: WUHN)
Website: www.sdtholdings.com
For further information contact:
Phone: (514) 928-7368
E-mail: info@sdtholdings.com
Safe Harbour Statement - In addition to historical information,
this press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company's
website. The Company disclaims any responsibility to update any
forward-looking statements.