Hebron Technology Signs Strategic Memoranda of Understanding with Two US-Based Companies for Medical Device Projects
July 30 2018 - 8:30AM
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 that the
Company signed nonbinding memoranda of understanding (“MoUs”) with
US- based Bionic Sound, Inc. and VOR Sense, Inc. to collaborate on
medical device projects. These MoUs were signed during the recent
trip by a technology delegation led by Mr. Newell Arnerich, Mayor
of Danville, California.
The Company signed an MoU with Bionic Sound,
Inc., a smart hearing aid research and development company, for
strategic collaboration on projects related to hearing aid devices.
In addition, the Company signed an MoU with VOR Sense, Inc., for
strategic collaboration on projects related to diagnostic medical
equipment.
Mr. Anyuan Sun, Chairman and Chief Executive
Office of Hebron, commented, “We are honored to host a group of
business and academic experts from Silicon Valley, U.S., who are
seeking collaboration with Hebron with regard to the Chinese
healthcare market. Hebron will leverage our existing Chinese
marketing resources, as well as our capability of working with
American healthcare technology providers, such as Bionic Sound and
VOR Sense, for the next stage of company’s growth.”
Mr. Anyuan Sun continued, “We are excited about
the huge hearing aid market in China, the main target market of
Bionic Sound. We are also interested in the bacteria contamination
sensor being developed by VOR Sense. These MoUs help us initiate
cooperation between Hebron and these American technology companies.
We look forward to seeing where this collaboration leads all of
us."
About Bionic Sound, Inc.
Bionic Sound, Inc. is a Silicon Valley startup
company of hearing aid devices. It focused on harnessing the power
of AI to bring comfort and clarity of speech to people suffering
from age related hearing loss.
About VOR Sense, Inc.
VOR Sense, Inc. is a company focused on
developing rapid detection technology for bacteria, virus, and
protein.
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
Email: IR@china-xbl.com
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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