BEIJING, April 28, 2021 /PRNewswire/ -- ReTo
Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a
provider of technology solutions for the improvement of ecological
environments, today provided updates for its joint R&D
demonstration in the Beijing Winter Olympics' national key project
(the "Project") , which is the result of the collaborative efforts
with the Academy of Arts & Design at China's prestigious Tsinghua University. The
R&D team has designed and developed a
3D printer using solid industrial waste, and the printer
has been assembled and tested. The R&D team has also
conducted a formula research on the utilization of the solid
industrial waste, enabling the product to enter trial stage. The
Project (i.e., the ground pavement system) will be used in the
high-traffic Shougang area in preparation for the upcoming 2022
Winter Olympics in Beijing.
Titled "Design and Development of Public Facilities Based on
Clean Energy and Eco-friendly Materials," the Project is designed
to serve as a part of the Project – "Research and Demonstration of
Digital Ecological Creative Design for the Winter Olympics Shougang
Competition Area." This Project showcases the efficient use of
newly devised construction methods by using alternative materials,
such as digital paving solutions to construct roads in the Shougang
Park that are both highly aesthetic and protect the environment and
ecology. This solution improves the aesthetics of road design and
efficiency of its paving process, and helps achieve the goals of
building a resource-saving society.
As previously disclosed through a press release on January 28, 2021, ReTo has been working with the
Academy of Arts & Design at Tsinghua University on this latest
high-profile, national priority research and development Project.
The Project features many advanced technology applications in the
fields of solid waste utilization, 3D printing, solar energy
utilization, energy storage and luminescent materials. As a
national priority scientific research project, it will be the key
to the Shougang Park, which will be the main venue of the Beijing
Winter Olympics and where a series of key events will be held.
Under the project plan, ReTo will develop the technology, equipment
and aforementioned special materials, and necessary facilities in
the park, while the Company provides continuous maintenance and
management of this eco-friendly solution.
Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer,
commented, "We value the Project and have established a scientific
research team of top talents. The Project currently has entered
equipment testing and trial stage smoothly, laying a solid
foundation for the realization of our goals. We will increase
investment in the next step, continue to work on the Project in
accordance with the plan, and deliver results and products on
schedule. The Company has been committed to the comprehensive
utilization of solid waste. The success of the Project will further
improve our solid waste utilization technology and will be
catalytic to our business development."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary
technologies, systems and solutions, is striving to bring clean
water and fertile soil to communities worldwide. The Company offers
a full range of products and services, ranging from the production
of environmentally-friendly construction materials, environmental
protection equipment, and manufacturing equipment used to produce
environmentally-friendly construction materials, to project
consulting, design, and installation for the improvement of
ecological environments, such as ecological soil restoration
through solid waste treatment. For more information, please visit:
http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements.
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: 1) the ability of additional features and customized
configurations on its machinery and equipment products to attract
new customers; 2) the ability of the growth of its business to
resume in the near future; and 3) the further spread of COVID-19 or
the occurrence of another wave of cases and the impact it may have
on the Company's operations 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 construction 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 more information, please contact:
ReTo
Eco-Solutions, Inc.
Giorgio Zhao
Phone: +86-10-64827328
Email: ir@retoeco.com or 310@reit.cc
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SOURCE ReTo Eco-Solutions, Inc.