EAST WINDSOR, N.J., Jan. 30,
2024 /PRNewswire/ -- Greenland Technologies Holding
Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology
developer and manufacturer of electric industrial vehicles and
drivetrain systems for material handling machineries and vehicles,
today announced that Power Tech Equipment Repair ("Power Tech") has
joined Greenland's rapidly
expanding HEVI Authorized Service Provider (ASP) national network
program to support increased demand for the Company's growing HEVI
electric industrial vehicle product line.
For more than 20 years, Power Tech has been the trusted
construction equipment repair, hydraulic repair and aerial platform
repairs service of Elkton,
Maryland. Power Tech prides itself on always providing
quality, efficient repairs that last. Power Tech believes it has
the experience to complete every job safely, and has gained a
reputation for reliable services.
Raymond Wang, CEO of Greenland, commented, "We developed a very
good understanding of the Maryland
market as we investigated strategic options for our production
facilities. This ultimately positioned us to win an important bid
last year from Maryland's Port of
Baltimore, under which
Greenland will help facilitate the
Port of Baltimore's ambitious plan
to electrify port equipment, including planned sales of the
Company's new GEL-5000 all-electric front loader. Given the
strategic importance of Maryland,
it made perfect sense to partner with Power Tech. We expect this to
be a core growth market for us as we work to accelerate sales of
our electric industrial vehicles. Having a trusted, local partner
that can provide reliable maintenance and repair services gives us
another competitive advantage, which we expect will be a positive
factor and sales catalyst as more customers make the move to
electric industrial vehicles."
"Power Tech is excited to announce our partnership with HEVI, a
pioneer in the electric heavy equipment sector. As an authorized
service provider for this brand, we are aligned with their vision
for a cleaner, greener future and are proud to contribute to the
transition of fleets towards sustainable and efficient clean
equipment," said Power Tech's Nicole
Crick.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a
developer and a manufacturer of drivetrain systems for material
handling machineries and electric vehicles, as well as electric
industrial vehicles. Information on the Company's clean industrial
heavy equipment division can be found at HEVI Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland's current views with respect to
future events and are subject to such risks and uncertainties, many
of which are beyond the control of Greenland, including those set forth in the
Risk Factors section of Greenland's Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission ("SEC"). Copies
are available on the SEC's website, www.sec.gov. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Greenland's
expectations with respect to future performance. In addition, there
is uncertainty about the further spread of the COVID-19 virus or
the occurrence of another wave of cases and the impact it may have
on the Company's operations, the demand for the Company's products,
global supply chains and economic activity in general. Should one
or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated or expected. Statements
contained in this news release regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. Greenland does not intend and does not assume
any obligation to update these forward-looking statements, other
than as required by law.
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SOURCE Greenland Technologies Holding Corporation