WENZHOU, China, July 2, 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 it has signed a contract
for RMB13.3 million (approximately
$2 million) with Laun Technology Co.,
Ltd., a leading solutions provider in the cleanroom industry, for
the cleanroom project of Xiamen Changelight Co.,
Ltd.("Changelight") (SHE: 300102), a producer of full-color ultra
bright LED epitaxial wafers and chips, high performance gallium
arsenide solar cells, LED lighting products as well as an
energy-saving lighting application solutions provider in
China. Hebron will provide custom fabricated high
purity cleanroom piping for the project. This marks the Company's
first project in the optoelectronic semiconductor chip
industry.
Founded in 2006, Xiamen Changelight Co. Ltd. listed on the
Shenzhen Stock Exchange in 2010. Changelight possesses several
wholly owned subsidiaries and holding or share-participation
companies in Xiamen and Yangzhou
and has offices in Shenzhen and
Zhongshan. Changelight's product distribution network covers
China and Southeast Asia.
The total investment of the Xiamen Changelight Co., Ltd. project
is approximately RMB 5 billion. The
project will be constructed in two phases. After the completion of
the overall project construction, it will form a modern
semiconductor chip manufacturing base with a projected annual
output of 14.4 million blue-green chips. Laun Technology Co.,
Ltd.'s role in the project is to construct a cleanroom, a specially
constructed room that minimizes airborne particles and controls
other environmental parameters, for semiconductor manufacture.
Hebron has been contracted by Laun
Technology Co., Ltd.to provide the piping solution for the
cleanroom, to ensure that the cleanroom piping prevents particle
shredding through the piping system and provides precise gas
delivery for the fabrication process.
Mr. Anyuan Sun, Chairman and Chief Executive Office of
Hebron, commented, "Hebron has always been committed to providing
a comprehensive process pipeline system and engineering design,
installation and service for biotechnology, pharmaceuticals, food,
semiconductors, fine chemicals and other areas. This new project
marks an important step taken by Hebron to explore China's emerging semiconductor industry and
high-tech fields. Through this project, the Company will stand out
with our high quality and efficiency, build a model project for
others, target emerging market resources for future expansion and
deepen cooperation in new fields."
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, 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.