WENZHOU, China, Oct. 23, 2017 /PRNewswire/ -- ZK
International Group Co., Ltd. (NASDAQ: ZKIN) ("ZKIN", "ZK
International", 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 that the Pipe Network
Division of Shenzhen Water Group Co., Ltd ("Shenzhen Water Group")
has invited ZK International to participate in drafting the product
regulations and standards to be used in Phase II of the Community
Pipeline Network Upgrade Program (CPNUP).
Shenzhen, one of the fastest
growing cities in China, has
already completed Phase I of the Community Pipeline infrastructure
upgrade, to serve clean water to 3 million residents. ZK
International was instrumental in supplying over 40% of all
stainless steel piping for Phase I. The USD
1.22 Billion budget of Phase II will be allocated to upgrade
the pipeline infrastructure for over 800,000 households in the next
5 years.
Shenzhen Water Group is currently drafting a Corporate Pipeline
Construction Manual that will standardize product procurement,
installation, project review and acceptance. ZK International, as a
leader in stainless steel pipeline infrastructure, has been invited
to participate in the drafting of this Manual. With the advice from
ZK International, stainless steel pipes were adopted as the
standard for all indoor pipelines in Phase II, which was a
substantial improvement in comparison to Phase I.
Mr. Jiancong Huang, ZK
International's Chief Executive Officer, stated, "We are very happy
that we were able to lend our expertise and provide the CPNUP with
input on how to proceed with Phase II, after our successful
cooperation during Phase I. Furthermore, we will assist in the
drafting of the Corporate Pipeline Manual, which will standardize
the pipeline infrastructure for renovations and new developments in
China. Shenzhen is aware of the quality of our
patented stainless steel pipelines and the highest commitment to
best practices that we consistently pursue."
About Shenzhen Water Group Co., Ltd.
Shenzhen Water Group Co., Ltd. provides city water in
China for residential, commercial,
and industrial consumers. The Company produces, transmits, and
distributes city water, as well as retrieves and processes polluted
water. Additionally, Shenzhen Water Group operates, designs and
constructs waterworks.
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.com. Additionally, please
follow the Company on Twitter, Facebook, YouTube,
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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SOURCE ZK International Group Co., Ltd.