LISHUI, China, July 15, 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., started accepting customer orders on July 15, 2021 for two of its new, highly
innovative driverless and autonomous street sweeper models and has
built inventory to meet initial customer orders. The Shangchi
SC-120A model features unmanned, automatic sweeping, and the
Shangchi SC-120B model features manned, autonomous, intelligent
sweeping. Both models have successfully passed all design
requirements, standard factory quality control reviews and final
factory testing.
The SC-120A (unmanned) and SC-120B (manned and unmanned) models
are attractive, feature rich sweepers that integrate information
collection technology, data analysis systems, artificial
intelligence controls, positioning and navigation systems,
automatic actuators, and safety assurance technology. The
innovative street sweepers boast highly intelligent route learning
and memory, and real-time deep learning. The SC-120A's
lidar-based, machine vision technology will enable the driverless
model to safely and accurately operate in common
environments. Both sweeper models have two primary operating
modes, cleaning and litter-collecting, and can be used for 10 hours
at a time or until full. The sweepers come with 1 year
warranty.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We
are very proud to bring our highly innovative SC120A and SC120B
models successfully to market. We designed these sweepers with
close attention to performance, safety and experience. We are
giving customers superior sweepers with a greater return on
investment than traditional, less efficient street sweepers.
The innovations, design and high-quality production ensures maximum
up time and reduced maintenance costs. These are key
differentiators for us and important selling points to customers,
who will be able to operate our sweepers in both tight spaces, like
bike paths, and open spaces, like parking lots."
Mr. Wangfeng Yan continued, "Customers worldwide have had
limited options and been forced to keep older, inefficient sweepers
in operation longer. Taken together we expect our new models
will help us take market share, as we continue to build momentum in
our business transformation and diversification."
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, Lishui Smart New Energy
Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile
Co., Ltd., 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.
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SOURCE Tantech Holdings Ltd.