LISHUI, China, Jan. 27,
2023 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ:
CNEY) today announced that its wholly owned subsidiary, Zhejiang CN
Energy New Materials Co., Ltd., had recently obtained a first order
to supply high-quality wood-based activated carbon directly to a
producer of potable water. The order size is RMB6.486 million, equivalent to approximately
US$0.956 million. This is another
significant milestone for CNEY after it was awarded in October 2022 the permit to sell to end-users in
the vast and fast-growing drinkable water market under its own
brand names. This order exemplifies client acceptance and
satisfaction on CNEY's customized products and services for water
filtering and purification and is expected to serve as a
springboard for increasing CNEY's sales in both domestic and global
markets.
Dr. Kangbin Zheng, CNEY's CEO, commented, "We are glad to have
signed this first contract just about two months after being
authorized to sell directly to end-users. This order is the first
step for us to enter a new area full of opportunities for
delivering higher values to clients and generating additional
revenues. Our team stands ready to continue to expand our marketing
networks and to strive for replicating this success story. With
refined growth strategies and upgraded technologies, we are quite
confident that we will become more productive, competitive, and
profitable in 2023."
About CN Energy Group. Inc.
CN Energy Group. Inc. is currently listed on NASDAQ under the
symbol of CNEY. With patented proprietary bioengineering and
physiochemical technologies, CNEY has pioneered and specialized in
producing high-quality recyclable activated carbon and renewable
energy from abandoned forest and agricultural residues, converting
harmful wastes into invaluable wealth and delivering significant
financial, economic, environmental, and ecologic benefits.
CENY's products and services have been widely used by food and
beverage producers, industrial and pharmaceutical manufacturers, as
well as environmental protection enterprises. For more information,
please visit the Company's website at www.cneny.com.
Forward-Looking Statements
Certain statements, other than statements of historical facts,
made in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, including the further spread of the COVID-19 virus
or new variants thereof, or the occurrence of another wave of cases
and the impact it may have on the Company's operations and the
demand for the Company's products, and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
conditions, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
refer to its filings with SEC, including without limitation,
Company's registration statements and other filings with the SEC
that set forth certain risks and uncertainties that may have an
impact on future results and directions of the Company.
Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com
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SOURCE CN Energy Group. Inc.
