LISHUI, China, June 24, 2021 /PRNewswire/ -- Tantech Holdings
Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy
company in China, today announced
that its subsidiary, Lishui Smart New Energy Automobile Co., Ltd.,
will start accepting customer orders in July for its innovative
driverless and autonomous street sweeper. The model SC-120A
unmanned sweeper has successfully passed all design requirements
and standard factory quality control reviews. The Company
will begin accepting customer
orders in July after completing the final phase of factory
testing.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said,
"This represents another big step forward as we work to diversify
our revenue base into much higher revenue generating
categories. Initial customer response has been very positive
and we expect this to translate into active orders come July.
The sanitization market is long overdue for investment and
innovation, with customers using older vehicles with lower
performance and higher operating costs. Our innovative
driverless and autonomous street sweeper boasts higher performance,
improved energy efficiency and a higher return on investment to the
government organizations, cleaning services and businesses that we
are targeting. We believe this will be a win for both
customers and Tantech."
The SC-120A model features unmanned, automatic sweeping.
The innovative driverless and autonomous street sweepers was
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. The SC-120A is an
attractive, feature rich vehicle that integrates information
collection technology, data analysis systems, artificial
intelligence controls, positioning and navigation systems,
automatic actuators, and safety assurance technology. The
innovative street sweeper boasts highly intelligent route learning
and memory, and real-time deep learning, in order to facilitate
assisted driving or driverless driving. Lidar-based, machine
vision technology will enable the driverless model to safely and
accurately operate in common environments. The sweeper has
two primary operating modes, cleaning and litter-collecting, and
can be used for 10 hours at a time or until full. The
multi-patented vehicle will come with 1 year warranty.
About Tantech Holdings Ltd
For the past decade, Tantech has been a highly specialized
high-tech enterprise producing, researching and developing bamboo
charcoal-based products with an established domestic and
international sales and distribution network. Since 2017 when the
Company acquired 70% of Shangchi Automobile, a vehicle manufacturer
based in Zhangjiagang City, Jiangsu
Province, it has manufactured and sold vehicles. The
Company established two new subsidiaries in November 2020, with the plan to produce and sell
street sweepers and other electric vehicles. The Company is
fully ISO 90000 and ISO 14000 certified and has received a number
of national, provincial and local honors, awards and certifications
for its quality products and scientific research efforts. 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 the
closing of the Private Placement, 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.
View original
content:http://www.prnewswire.com/news-releases/tantech-subsidiary-to-accept-customer-orders-in-july-for-its-innovative-driverless-and-autonomous-street-sweeper-301318985.html
SOURCE Tantech Holdings Ltd.