BEIJING, Jan. 28, 2021 /PRNewswire/ -- ReTo Eco-Solutions,
Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of
technology solutions for the improvement of ecological
environments, today announced it received State-backed funding with
the launch of its second high-visibility Beijing Winter Olympics
Competition Zone project. The latest project launch follows ReTo's
successful August 2020 launch of a
state-of-the-art wastewater treatment solution, as part of the
Yanqing-to-Chongli Expressway, connecting the two competition zones
for the 2022 Beijing Winter Olympics in the Yanqing district of
Beijing and the Chongli district
of Zhangjiakou.
ReTo worked with Tsinghua University Academy of Fine Arts on the
latest high-profile, national priority research and development
plan for the project. The project features many advanced technology
applications in the fields of solid waste utilization, 3-D
printing, solar energy utilization, energy storage and luminescent
materials. As a national priority scientific research project, it
will serve as a core of the Shougang Park, the main venue of the
Beijing Winter Olympics, where a series of key events will be held.
Under the project plan, ReTo will
develop the technology, equipment and special materials,
necessary facilities in the park, and the Company will provide
ongoing maintenance and management of the eco-friendly
solution.
Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer,
commented, "We are very excited to have a role in this showcase
national project, which is directly aligned with our philosophy of
Technology Improves Ecology. We have an excellent long-term
relationship with Tsinghua University, and we are pleased to be
cooperating together on this latest project. Tsinghua University
has helped us to stay ahead of the industry in China and internationally by cooperating with
us on advanced technology and concepts. The successful launch of
this project underscores the breadth of our technology and
eco-friendly solutions, and serves as a powerful platform to raise
our profile as we pursue new growth opportunities."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary
technologies, systems and solutions, is striving to bring clean
water and fertile soil to communities worldwide. The Company offers
a full range of products and services, ranging from the production
of environmentally-friendly construction materials, environmental
protection equipment, and manufacturing equipment used to produce
environmentally-friendly construction materials, to project
consulting, design, and installation for the improvement of
ecological environments, such as ecological soil restoration
through solid waste treatment. For more information, please visit:
http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Specifically, the Company's statements
regarding: 1) the ability of additional features and customized
configurations on its machinery and equipment products to attract
new customers; 2) the ability of the growth of its business to
resume in the near future; and 3) the further spread of COVID-19 or
the occurrence of another wave of cases and the impact it may have
on the Company's operations are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual
results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the construction industry in China; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and assumptions underlying or related to
any of the foregoing and other risks contained in reports filed by
the Company with the Securities and Exchange Commission. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
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SOURCE ReTo Eco-Solutions, Inc.