BEIJING, Feb. 17, 2022 /PRNewswire/ -- ReTo
Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a
provider of technology solutions and operation services for
intelligent ecological environments, announced today that ReTo's
subsidiary, Hainan Yile IoT Technology Co., Ltd. ("Yile IoT") and
its subsidiary Hainan Yile IoV Technology Research Institute Co.,
have been approved by the Haikou Science and Industry Information
Bureau to establish the "Haikou IoV Digital Applied Engineering
Technology Research and Development Center" ("IoV Technology
R&D Center"). Yile IoT was also recognized as a 2021
"Specialized and Innovative" Small and Medium-sized Enterprise in
Haikou.
In response to Hainan
Province's science and technology innovation action plan,
the IoV Technology R&D Center aims to further the future
development of science and technology innovation in Hainan. As the first IoV science and
technology innovation platform in the province, this center will be
instrumental in consolidating the national resources of the IoV
industry, continuing the research and development of key industrial
technologies, accelerating the commercialization of technological
achievements and developing technical services, business
incubation, and innovative entrepreneurship.
The designation of a "Specialized and Innovative" Small and
Medium-Sized Enterprise is awarded by Haikou City to enterprises operating in
Haikou that are "professional,
refined, specialized, and innovative." Following the issuance of
the Implementation Plan for Promoting the Development of
"Specialized and Innovative" Small and Medium-Sized Enterprises in
Hainan Province by Hainan
Provincial Industry and Information Technology Department in
June 2021, the municipality of
Haikou recognized Yile IoT in the
first batch of "Specialized and Innovative" Small and Medium-sized
Enterprises for its focus on market segments, emphasis on its core
business, its strength in innovation, and its positive growth
record.
Mr. Hengfang Li, Chairman and CEO of ReTo, commented:
"Congratulations to Yile IoT for being recognized as a 'Specialized
and Innovative' enterprise. This acknowledgement reflects
recognition of Yile IoT's business model and achievements in its
field. Receiving the approval and beginning preparation work for
the IoV Technology R&D Center mark an important milestone in
the implementation of Yile IoT's IoV business strategies，as Yile
IoT focuses on the research, development, application and
commercialization of IoV technologies, while providing customers
with competitive, safe, and reliable products and solutions in the
fields of IoV cloud services, intelligent terminals, and
communication. The establishment of this center marks Yile IoT's
continued commitment to developing IoV technologies for residents
and businesses in Hainan."
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo Eco-Solutions, Inc., 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. Through its subsidiary Yile IoT
Technology Co., Ltd., a high-tech enterprise in Hainan Province and focusing on the research,
development and application of IoT technologies, the Company
provides products and scenario-based solutions and products for
clients primarily in the automobile rental, ride sharing and
logistic sectors in China. 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, forward looking
statements include the establishment of the IoV Technology R&D
Center, the furtherance of Yile IoT's business strategies , the
ability to realize the anticipated goals and benefits from the
establishment of the IoV Technology R&D Center and the
designation of Yile IoT as "Specialized and Innovative" Small and
Medium-size Enterprise , the Company's plans, objects, goals,
and strategies and assumptions underlying such statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties including those discussed in
the Company's filings with the U.S. Securities and Exchange
Commission, which are available for review at
www.sec.gov. These risks and uncertainties may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. Investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. 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
Beijing Phone: +86-10-64827328
ir@retoeco.com or 310@reit.cc
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SOURCE ReTo Eco-Solutions, Inc.