WENZHOU, China, May 18, 2021 /PRNewswire/ -- ZK
International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK
International" or the "Company"), is pleased to announce that
the Company has won the strongly contested Pressed-type Carbon
Steel Pipe Procurement contract with ENN Energy Holdings Limited
("ENN"), which is one of the largest clean energy distributors in
China. The principal business of
the ENN Group is the investment in the construction, operation,
management of gas pipeline infrastructure, vehicle and ship
refueling stations, integrated energy projects, the sales and
distribution of piped gas, LNG and other multi-energy products.
ENN Energy Holdings Limited, a flagship division of ENN
Group, has been engaged in the urban pipeline gas business since
1992. As one of the largest clean energy distributors in
China, and an integrated energy
service provider, it has formed four core businesses through
continuous strategic upgrading - natural gas sales, integrated
energy services, energy trade, and energy transmission and
distribution.
Mr. Jiancong Huang, Chairman and
CEO of ZK International, stated, "We are pleased that ENN
recognizes ZK for its quality and innovation. ZK International is
approved by ENN as a Qualified Stainless Steel Gas Pipe Supplier
and has consistently passed its annual comprehensive assessment,
which further solidifies our manufacturing quality, capability and
integrity with globally recognized corporations such as ENN. ENN
China strictly enforces a high standard of selecting gas pipeline
suppliers it does business with as the instances of gas leakage can
be fatal. Therefore, the quality of the manufacturing and the
experience of ZK is essential and it is for this reason, ENN has
committed to adopting more stainless-steel piping systems in its
future residential gas pipeline projects. The driver behind the
commitment is the increased market recognition of stainless-steel
pipe and press-fit connection solution such as ZK's as compared to
those of traditional PVC pipes."
ZK International's stainless-steel pipe and press-fit connection
advantages are as follows:
- Easy installation and handling.
- Connecting solution is 2.5 times faster than old-fashioned
threading pipe system.
- Wide choices of system design options
- Easy to assemble fittings, no special tools required
- Expansion of new gas appliances or additions to homes made
easy
- Fewer joints, less potential leak points than in galvanized
pipe or copper pipe systems
- No pipe cutting and threading or heavy equipment needed.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 28 patents,
21 trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is
Quality Management System Certified (ISO9001), Environmental
Management System Certified (ISO1401), and a National Industrial
Stainless Steel Production Licensee. It 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. ZK International is
preparing to capitalize on the $850 Billion commitment made by
the Chinese Government to improve the quality of water, which has
been stated to be 70% unfit for human contact.
In 2018, ZKIN established its wholly-owned xSigma Corporation to
develop innovative software solutions that support its core
operations while exploring new opportunities in smart contracts,
distributed ledgers, supply chain management and blockchain
architecture. The xSigma Labs team is made up of world-class
developers and engineers formerly of Facebook, Google, Amazon,
Ripple and 1inch, most recently launching its first DeFi project in
the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new
wholly-owned subsidiary, xSigma Entertainment Limited. It was
established as part of ZK's integrated network of companies focused
on developing and investing in innovative software technology
platforms. xSigma Entertainment's mandate is to acquire assets in
the high-growth US gaming market. Sigma Entertainment aims to
increase shareholder value by targeting and investing in early
stage online gambling businesses that are poised for exponential
growth and exits.
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.