WENZHOU, China, June 12, 2018
/PRNewswire/ -- Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a
developer, manufacturer and installer of valves and pipe fittings
for use in the pharmaceutical, biological, food and beverage, and
other clean industries, today announced its strategic business
development plan, designed to allow the company to expand from
being a pharmaceutical production equipment and process pipeline
provider into an integrated service provider in the healthcare
field.
As previously disclosed, on March 10,
2018 Hebron acquired 49% of Xuzhou Weijia Biotechnology Co.,
Ltd., for R&D, sales of health foods, nutritional supplements,
and other health related products, and access to distribution
channels and relationships with major pharmaceutical and health
care related product manufacturers. In addition, as part of its
growth plan, management of the Company plans to introduce advanced
medical equipment and medical technology as well as invest in
healthcare related upstream and downstream companies.
Mr. Anyuan Sun, Chairman and Chief Executive Officer
of Hebron, commented, "While we continue to grow our core
business of providing comprehensive process pipeline systems and
engineer designs, installations and services for pharmaceutical
factories, we also see a great opportunity to expand our market
share in the pharmaceutical sector while developing new product and
service offerings in other healthcare segments, such as medical
equipment, as well as health food and beverage markets."
Mr. Sun continued, "We are excited about the potential of our
development plan. We expect that our increased focus on new
business initiatives will lead to more innovative and breakthrough
product introductions over the coming years. This plan is a
significant first step toward creating a portfolio of brands that
are laser-focused on the healthcare field and leverages the
strengths of our company."
About Hebron Technology Co., Ltd.
Established in January 2005 and headquartered in
Wenzhou City, Zhejiang Province, China, Hebron Technology
Co., Ltd. ("Hebron" or the
"Company") engages in research, development, and manufacture of
highly specialized valves and pipe fitting products for use in the
pharmaceutical, biological, food and beverage, and other clean
industries. The Company also offers its customers comprehensive
pipeline design, installation, construction, and ongoing
maintenance services as holistic solution services. For more
information about the Company, please visit www.xibolun.com.
Forward-Looking Statements
This press release contains information
about Hebron's view of its future expectations, plans and
prospects that constitute forward-looking statements. Actual
results may differ materially from historical results or those
indicated by these forward-looking statements as a result of a
variety of factors including, but not limited to, risks and
uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business both in
legacy and new segments, variability of operating results, its
ability to maintain and enhance its brand, its development and
introduction of new products and services, the successful
integration of acquired companies, technologies and assets into its
portfolio of products and services, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the technical skills and experience necessary to meet the
requirements of its clients, and its ability to protect its
intellectual property. Hebron encourages you to review other
factors that may affect its future results
in Hebron's registration statement and in its other
filings with the Securities and Exchange Commission.
For more information, please contact:
In China:
Hebron Technology Co., Ltd.
Ms. Yingping Chen
Secretary
Phone: +86-180-6776-3129
In the United
States:
Ascent Investor Relations LLC
Ms. Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Hebron Technology Co., Ltd.