WENZHOU, China, Oct. 10,
2019 /PRNewswire/ -- ZK International Group Co., Ltd. (ZKIN) ("ZK
International" or the "Company"), a designer, engineer,
manufacturer, and supplier of patented high-performance stainless
steel and carbon steel pipe products primarily used for water and
gas supplies, today announced that its wholly-owned subsidiary
Zhejiang Zhengkang Industrial Co., Ltd. was amongst the five
winning bidders to supply stainless steel pipes and fittings for
Phase VI of Shenzhen's Community
Pipeline Network Upgrade Program ("CPNUP" or the "Program") managed
by Shenzhen Water Group Co., Ltd. ("Shenzhen Water Group"). Twenty
enterprises participated in the bidding of the Program that valued
at RMB 138 million (approximately
$19.4 million). Scoring the second
highest amongst the five selected suppliers, ZK International is
expected to supply up to $5.8 million
worth of its high-performance stainless steel pipes and fittings
for the Program that is set to benefit thousands of residents in 66
communities in Bao'An District of Shenzhen.
Mr. Jiancong Huang, Chairman and
Chief Executive Officer of ZK International, commented, "Today's
announcement marked another significant project win at Shenzhen
Water Group for its ongoing, multiphase CPNUP. Anchoring our
patented high-performance products and proven track record of
strong project execution, we are proud to be part of CPNUP in
Shenzhen and other major
cities."
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 33 patents, 21 trademarks, 2
Technical Achievement Awards, and 10 National and Industry Standard
Awards. 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, including 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 not only to the
China market but also 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 within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. 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 guarantee 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 included
in the Company's filings with the U.S. Securities and Exchange
Commission. 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:
Tony Tian, CFA
Weitian Group LLC
Phone: +1 (732) 910-9692
Email: ttian@weitianco.com
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SOURCE ZK International Group Co., Ltd.