Dogness (International) Corporation Announces Opening of New Factory
October 28 2020 - 8:00AM
Dogness (International) Corporation (“Dogness” or the “Company”)
(NASDAQ: DOGZ), a developer and manufacturer of pet products in
China, including smart products, hygiene products, health and
wellness products, and leash products, today announced the
completion of its new factory near Xiamen, China.
The new facility covers an area of approximately
20,000 square meters with a total construction area of
approximately 19,000 square meters. The facility will manufacture
Dogness’s line of traditional pet products, including collars,
harnesses, leashes, and lanyards. With new equipment featuring
advanced automation components, Dogness expects to double its
annual production capabilities with approximately 600 SKUs
manufactured at this facility.
“The opening of our new factory near Xiamen will
expand our production capabilities for our traditional product
line,” said Mr. Silong Chen, Chairman and CEO of Dogness. “By
increasing our manufacturing capacity, we will be able to ramp up
production and drive sales through the fulfillment of greater
levels of wholesale orders we anticipate from markets in North
America and China. This achievement will contribute to our growth
moving forward as we continue to execute on our strategy of
becoming a leading international brand in the pet product
industry.”
About Dogness
Dogness (International) Corporation was born in
2003 from the belief that pet dogs and cats are important,
well-loved family members. Through its smart products, hygiene
products, health and wellness products, and leash products, Dogness
is able to simplify pet lifestyles, make them more scientific, and
enhance the relationship between pets and pet caregivers. The
Company ensures industry-leading quality through its fully
integrated vertical supply chain and world-class research and
development capabilities, which has resulted in over 200 patents
and patents pending. Dogness products reach families worldwide
through global chain stores and distributors. For more information,
please visit: ir.dogness.com.
Forward Looking Statements
No statement made in this press release should
be interpreted as an offer to purchase or sell any security. Such
an offer can only be made in accordance with the Securities Act of
1933, as amended, and applicable state securities laws. Certain
statements in this press release concerning our future growth
prospects are forward-looking statements regarding our future
business expectations intended to qualify for the “safe harbor”
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties
regarding our ability to raise capital on any particular terms,
fluctuations in earnings, fluctuations in foreign exchange rates,
our ability to manage growth, our ability to realize revenue from
expanded operation and acquired assets in China and the U.S., our
ability to attract and retain highly skilled professionals, client
concentration, industry segment concentration, reduced demand for
technology in our key focus areas, our ability to successfully
complete and integrate potential acquisitions, and unauthorized use
of our intellectual property and general economic conditions
affecting our industry. Additional risks that could affect our
future operating results are more fully described in our United
States Securities and Exchange Commission filings. These filings
are available at www.sec.gov. Dogness may, from time to time, make
additional written and oral forward-looking statements, including
statements contained in the Company's filings with the Securities
and Exchange Commission and our reports to shareholders. In
addition, please note that any forward-looking statements contained
herein are based on assumptions that we believe to be reasonable as
of the date of this press release. The Company does not undertake
to update any forward-looking statements that may be made from time
to time by or on behalf of the Company unless it is required by
law.
For investor and media inquiries, please
contact: |
|
|
|
Telephone: |
|
+1-833-364-6377 |
|
|
|
Email: |
|
contact@dogness.com |
|
|
ir@dognesspet.com |
|
|
|
ICR, Inc. |
|
|
Telephone |
|
+1-646-588-0383 |
Email: |
|
ir@dognesspet.com |
Dogness (NASDAQ:DOGZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Dogness (NASDAQ:DOGZ)
Historical Stock Chart
From Apr 2023 to Apr 2024