WENZHOU, China, Jan. 9, 2024
/PRNewswire/ -- ZK International Group Co.,
Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK
International" or the "Company"), a leading innovator in
stainless-steel products, announces a strategic expansion
initiative into Southeast Asia and
the Middle East, marking a
significant milestone in the company's global growth strategy.
Penetrating New Markets: Southeast
Asia and the Middle
East
ZK International is proud to unveil its plans to extend its
operations into Southeast Asia and
the Middle East, capitalizing on
emerging opportunities in these dynamic regions. With a proven
track record of delivering high-quality stainless-steel solutions,
the company aims to bring its innovative products and expertise to
meet the growing demand for sustainable infrastructure and advanced
technology.
Strategic Partnerships for Regional Success
As part of its expansion strategy, ZK International is actively
pursuing strategic partnerships with local businesses and key
stakeholders in Southeast Asia and
the Middle East. These
partnerships will not only enhance the company's local market
understanding but also facilitate seamless integration into the
regional business landscape.
Mr. Jiancong Huang, Chairman of
ZK International Group, expressed enthusiasm about the company's
expansion, stating, "Our decision to enter Southeast Asia and the Middle East aligns with our commitment to
global growth and market leadership. These regions present exciting
opportunities, and we are eager to bring our expertise,
cutting-edge technology, and sustainable solutions to contribute to
the development of these markets."
Commitment to Sustainable Infrastructure
ZK International is known for its dedication to sustainability
and innovation. By expanding into Southeast Asia and the Middle East, the company seeks to play a
pivotal role in promoting sustainable infrastructure development in
these regions. ZK International's portfolio includes a range of
stainless-steel products that cater to diverse industries,
including water and gas utilities, automotive, and industrial
applications.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 45 patents,
44 trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It 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. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human contact.
In 2018, ZKIN established its wholly owned xSigma Corporation to
develop innovative software solutions that support its core
operations while exploring new opportunities in smart contracts,
distributed ledgers, supply chain management and blockchain
architecture. The xSigma Labs team is made up of world-class
developers and engineers formerly of Facebook, Google, Amazon,
Ripple and 1inch, most recently launching its first
DeFi project in the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new wholly
owned subsidiary, xSigma Entertainment Limited. It was established
as part of ZK's integrated network of companies focused on
developing and investing in innovative software technology
platforms. xSigma Entertainment's mandate is to acquire assets in
the high-growth US gaming market. xSigma Entertainment aims
to increase shareholder value by targeting and investing in
early-stage online gambling businesses that are poised
for exponential growth and exits.
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 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.
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