Newater Technology - Ordinary Shares (NASDAQ:NEWA)
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3 Months : From Mar 2019 to Jun 2019
On March 20, 2019, Newater Technology Inc. (Newater) delivered the
system for China Everbright Group’s landfill leachate treatment project
located in Jinan, Shandong Province after the two parties signed the
contract on March 4, 2019.
China Everbright Group is the largest company in mainland China that
specializes in investment and operation of environmental management
Newater manufactures and operates Disk Tube Reverse Osmosis (DTRO)
equipment, parts and systems for filtrating landfill leachate,
industrial wastewater, etc.
The total leachate volume for the project is over 1.5 million tons and
Newater was entrusted to manufacture and deliver a system with a
1,100-ton-per-day capacity within 20 days. Regarding that a DTRO system
with such size typically requires a manufacture time of 2 to 3 months,
Newater crashed the schedule by leveraging its experience in leachate
projects, as well as its fully-automated production line, modular design
concept, and build-to-stock inventory models, and delivered the system
in just 16 days, setting a new record in the leachate treatment industry.
Newater has prospered on its technological advancement and quick
delivery model in recent years. Newater has been actively seeking
cooperation with new partners such as China Everbright Group and
enhancing partnership with its existing project contractors. This
project symbolizes the success of such business strategy and Newater
will continue to explore the market potential in China and Asia,
increase its market share and maintain its growth momentum.
At the same time, Newater has increased its investment in R&D of key
technologies and new fields of municipal wastewater treatment,
industrial wastewater recycle and zero liquid emission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190401005499/en/
Newater Technology, Inc.Ike Ma, +email@example.com://dtnewa.com/