WENZHOU, China, July 18, 2018 /PRNewswire/ -- ZK International
Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the
"Company"), in conjunction with its wholly owned subsidiary,
xSigma Corp., reveals the development of the world's first smart
pipe revolutionizing the stainless steel piping industry. This
Intelligent Piping System (IPS) will be powered by TNT Blockchain's
patent pending, software and IoT technology.
The IPS' far-reaching new technology will ensure delivery of
clean drinking water from its source to the consumer. It will use
sensors to detect water quality and fluctuations in temperature, pH
levels, and any undesirable particles, which is a process that does
not occur today. Water quality readings are done at certain points,
but not throughout the entire piping system. This will allow
monitors to help the water supply company and engineers detect the
source of any problem that occurs to the pipe system, resulting in
a much quicker resolution. Similarly, in gas pipelines, the IPS
sensors will work to detect gas pressure changes, which may be an
indicator of gas leakage.
David Christensen, President of
TNT Blockchain commented, "We are thrilled to begin using our one
of a kind technology with ZK International's manufacturing and
operating process. This is truly revolutionary to the traditional
piping industry with commercial and residential uses that are
endless. It will ensure quality water is delivered where it is
necessary, and it will monitor the integrity and safety of
transporting natural gases."
Mr. Jiancong Huang, Chairman and
CEO of ZK International, stated, "ZK International was founded on
being a forward thinker in the stainless steel and piping industry.
We have prided ourselves on incorporating technologies into our
products to ensure we are always providing the best quality product
to our customers and end users. The development of the Intelligent
Piping System was a natural progression for us."
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.
About XSigma Corporation
XSigma Corporation, is a wholly-owned subsidiary of ZK
International Group Co., Ltd. Together with ZK International, it
has signed an exclusive worldwide distribution agreement with TNT
Blockchain, Inc. to implement its patent pending software and
blockchain technologies into its manufacturing process and supply
chain management system. These technologies include, Track-n-Trace
("TNT"), which is designed to improve the traceability and
inventory systems of small to medium sized manufacturing companies
to track raw materials and finished goods at the source, supplier,
or factory, through the entire supply chain to the end user.
Combining TNT with the Internet of Things
("IoT") devices, every device within the manufacturing process is
registered on the Blockchain to create a digital identity, which
cannot be manipulated. Finally, the Blockchain technology would
provide transparency and security, as permissions and identity the
technology would require will ensure the appropriate visibility of
transactions. For further information about XSigma, please visit
its website at www.xsigma.io.
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 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 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.
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.