WENZHOU, China, March 23, 2021 /PRNewswire/ -- ZK
International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK
International" or the "Company"), a designer, engineer,
manufacturer, and supplier of patented high-performance stainless
steel and carbon steel pipe products that require sophisticated
water or gas pipeline systems, today announced that the Company has
been chosen as a key supplier for Guangyuan municipal natural gas
supply infrastructure program and entered into a two-year Strategic
Procurement Agreement with Guangyuan Natural Gas Supply Group Co.,
Ltd. ("Guangyuan Gas Group").
Guangyuan Gas Group started the selecting process by accepting
bids and assessing each bid by various criteria such as production
quality, manufacturing capacity, delivery period, and financial
liquidity. Of all the companies that were invited to participate in
the bidding, ZK International made it to the final approved
supplier list.
Mr. Jiancong Huang, Chairman of
ZK International, commented, "We are pleased to be selected as a
key supplier for the municipal natural gas infrastructure program
amongst several of our competitors during this bidding process as
well as to start a new working relationship with Guangyuan Gas
Group. We are excited that this two-year procurement agreement,
along with other key pending contracts and agreements will allow us
to expand our presence to Western
China in Guangyuan city."
About Guangyuan Natural Gas Supply Group Co., Ltd.
Guangyuan Gas Group, established in 2017, focuses on gas
storage, supply and gas infrastructure construction. Guangyuan Gas
Group has a consolidated total assets of approximately 831 million yuan and a total gas line of 3,726 km
(approximately 2,315 miles). Guangyuan Gas Group delivers natural
gas of 210 million m3 on an annual basis.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based designer,
engineer, manufacturer and supplier of patented high-performance
stainless steel and carbon steel pipe products that require
sophisticated water or gas pipeline systems. The Company owns 28
patents, 21 trademarks, 2 Technical Achievement Awards, and 10
National and Industry Standard Awards. ZK International is
preparing to capitalize on the $850 Billion commitment made by
the Chinese Government to improve the quality of water, which in
its current supply state is 70% unfit for direct drinking. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee that is focused on
supplying steel piping for the multi-billion dollar industries of
Gas and Water sectors. ZK has supplied stainless steel
pipelines for over 2,000 projects, which include the Beijing
National Airport, the "Water Cube" and "Bird's Nest", which were
venues for the 2008 Beijing Olympics. Emphasizing superior
properties and durability of its steel piping, ZK International is
providing a solution for the delivery of high quality, highly
sustainable, environmentally sound drinkable water to not only to
the China market but to international markets such
as Europe, East Asia and Southeast Asia.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Investor Contact:
Sherry
Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE ZK International Group Co., Ltd.