ZHENJIANG, China, Oct. 5, 2016 /PRNewswire/ -- Delta
Technology Holdings Limited (NASDAQ: DELT) announced today
that it has supplied an experimental sample of prothioconazole to a
large pesticide manufacturer and trader in India. Prothioconazole is a germicide used to
prevent and cure crop disease. The company views India as a country with significant growth
prospects for its product.
It is estimated that 40 percent of the world's food crops are
lost each year to plant diseases. Delta Technology believes
manufacture and sale of this product, which is safe for humans and
the environment, can assist greatly in feeding a hungry world.
Dr. Wang Xiaolong, a noted expert in the production of
prothioconazole, who is assisting Delta Technology, said the client
in India accepted a 100kg sample
of the chemical and was satisfied with both its quality and purity.
"Prothioconazole is a key for our future and Delta Technology
continues to improve this important product as we move toward mass
production. I have great confidence in the technology we have
developed," Dr. Wang said.
At present, Delta Technology's experimental equipment can
produce 500kg of prothioconazole per month. The Company is
further expanding the scale of lab production from medium to
large-scale and is working on the industrial design for mass
production which it anticipates starting in the third quarter of
2017.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology is a leading China-based fine and specialty chemical
company producing and distributing organic compound including
para-chlorotoluene ("PCT"), ortho-chlorotoluene ("OCT"), PCT/OCT
downstream products, unsaturated polyester resin ("UPR"), maleic
acid ("MA") and other by-product chemicals. The end application
markets of the Company's products include Automotive,
Pharmaceutical, Agrochemical, Dye & Pigments, Aerospace,
Ceramics, Coating-Printing, Clean Energy and Food Additives. Delta
has approximately 300 employees, 25% of whom are highly-qualified
experts and technical personnel. The Company serves more than 380
clients in various industries.
Safe Harbor Statement
This press release may contain 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. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in DELT's periodic reports under the
Securities Exchange Act of 1934, as amended, or in connection with
any forward-looking statements that may be made by DELT.
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SOURCE Delta Technology Holdings Limited