ZK International Group Co., Ltd. (NASDAQ: ZKIN) (“ZKIN” or the
“Company”), a designer, engineer, manufacturer and supplier of
patented high-performance stainless steel and carbon steel pipe
products for projects that require sophisticated water or gas
pipeline systems, is pleased to announce the signing of multiple
initial pipeline infrastructure contracts supplying Huawei
Technologies Co. Ltd. (“Huawei”), a leading global information and
communication technology solutions provider, and China Railway
Construction Engineering Group (“CRCEG”), one of the largest
construction and engineering companies in China, for approximately
$2.75 Million USD (¥ 4.9 Million RMB).
CRCEG has been engaged by Huawei to assist in the construction
of Phase I of its Research Lab. Through its long-standing
relationship and Qualified Pipeline Supplier designation with
Huawei, CRCEG has sub-contracted ZK International to supply the
piping infrastructure for this project. Preceding this contract, in
October 2017, ZKIN signed a $2 Million USD contract with Huawei to
provide proprietary piping material as well as technical support
for apartments, office buildings and other facilities associated
with build out of the ‘Songshan Campus Employee Apartment Project’
and ‘Suzhou Campus Project’.
Mr. Jiancong Huang, ZK International's Chief Executive Officer,
stated, “We are proud to have a close working relationship with
Huawei, one of the largest telecommunications equipment
manufacturers in the world, as a Qualified Pipeline Supplier since
2014. This close working relationship with a global brand, Huawei,
has opened the door for our company to work with a well-respected
general contractors for projects not only in China, but globally as
well, such as China Railway Engineering Group. Huawei has laid out
a development plan to renovate and develop its 10 campuses over the
next 3 years. As part of this growth in the build-out of their
infrastructure, it is anticipated their annual demand for pipeline
will total $10 Million annually.”
About China Railway Construction Engineering
Group
China Railway Construction Engineering Group Co., Ltd is a
state-owned construction enterprise incorporated in 1953 and
operates as general contractor of housing construction and railway
projects in China and internationally. It offers survey and design,
real estate development, engineering construction, equipment
installation, decorations, roads, bridges and tunnels construction,
steel structure engineering, machinery manufacturing, and material
trade. The company was founded in 1953 and is based in Beijing,
China. China Railway Construction Engineering Group Co., Ltd
operates as a subsidiary of China Railway Group Limited. As one of
the largest construction and engineering companies in China, CRCEG
currently employs approximately 10,000 workers and generates
upwards of $15 Billion in annual revenue, with global projects in
Asia, Middle East, North Africa and Africa. CRCEG is ranked 57th
among the Fortune Global 500 and the 7th among the Fortune China
500 in 2015, as well as 2rd among ENR’s Top 250 Global Contractors
in 2017, is the second largest engineering contractor in China.
About Huawei Technologies Co.
Huawei is a leading global information and communications
technology (ICT) solutions provider. Driven by a commitment to
sound operations, ongoing innovation, and open collaboration, we
have established a competitive ICT portfolio of end-to-end
solutions in telecom and enterprise networks, devices, and cloud
technology and services. Our ICT solutions, products, and services
are used in more than 170 countries and regions, serving over
one-third of the world's population. With 180,000 employees, Huawei
is committed to enabling the future information society, and
building a Better Connected World.
Huawei has over 170,000 employees as of September 2015, around
76,000 of whom are engaged in research and development (R&D).
It has 21 R&D institutes in countries including China, the
United States, Canada, the United Kingdom, Pakistan, Finland,
France, Belgium, Germany, Colombia, Sweden, Ireland, India, Russia,
Israel, and Turkey, and in 2014, the company invested $6.4 billion
USD in R&D, up from $5 billion USD in 2013. In 2016
Huewai Technologies Co reported revenues of $75.103 billion US.
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 human contact. 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.comhttp://www.ZKInternationalGroup.com/.
Additionally, please follow the Company on Twitter, Facebook,
YouTube,https://twitter.com/ZKIN_CleanWater 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.
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 described more fully in ZK
International’s registration statement on Form F-1 that was filed
with the SEC. 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:
KCSA Strategic Communications
Valter Pinto, Senior Vice President
PH: +1 (212) 896-1242
ZKInternational@KCSA.com
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