LISHUI, China, Dec. 1, 2020 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company
in China, today announced the
launch by its subsidiary, Shangchi Automobile Co., Ltd.
("Shangchi Automobile"), of its newest highly innovative driverless
and autonomous street sweeper. The Shangchi SC-100A follows
the launch last month of the SC-120A model featuring unmanned,
automatic sweeping.
Shangchi Automobile's innovative driverless and autonomous
street sweepers are designed for quieter operation and improved
cleaning performance, with the ability to reduce or eliminate the 7
to 8 humans required for typical sweeper vehicle operation.
Lidar-based, machine vision technology provides long-distance
detection and obstacle identification, with sensors for
short-distance obstacle detection and avoidance. This enables the
driverless model to safely and accurately operate in common
environments. The sweepers have two primary operating modes,
cleaning and litter-collecting, and can be used for 10 hours at a
time or until full. The multi-patented vehicles will come with 1
year warranties.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We
believe there is considerable market opportunity and unmet demand
for driverless and autonomous street sweepers. We are seeing an
acceleration of the market evolution as government organizations,
cleaning services and businesses adjust to the new COVID-19
environment, which emphasizes cleanliness and automation, as means
of reducing potential human exposure. Our commitment to R&D and
innovation has directly aligned Tantech and our product roadmap
with our target customers."
"Our latest driverless and autonomous street sweeper, the
Shangchi SC-100A, was successfully developed by our newly
established R&D team on electronic vehicles in Lishui, with
real-world testing to validate effectiveness, machine operations
and safety. We are particularly excited about this model given the
integration of AI/deep learning for route learning and satellite
positioning, with advanced sensor processing technologies for human
and object anticipation and avoidance. Customer response has been
very good and we expect this to become a strong addition to our
growing product line."
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui
City, Zhejiang Province, China, Tantech, together with
its subsidiaries, is now, in addition to be a developer and
manufacturer of bamboo-based charcoal, an innovative leader in the
design, manufacture and distribution of electric vehicles. The
Company has also invested in mining business in 2018 and 2019.
For more information please visit: http://ir.tantech.cn.
Forward-Looking Statements
This news release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
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. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
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SOURCE Tantech Holdings Ltd.