LISHUI, China, April 18, 2016 /PRNewswire/ -- Tantech Holdings
Ltd. (NASDAQ: TANH) ("Tantech" or the "Company"), a leading
manufacturer of bamboo-based charcoal products, announced today
that Mr. Zhengyu Wang, Chairman and
Chief Executive Officer of the Company, was elected as vice chair
of The New Energy Vehicle Alliance of Zhejiang Province (the "Alliance"), a
self-regulatory organization comprised of representatives from
leading automakers, components and parts suppliers, governmental
agencies, research institutes, and advocacy groups in the new
energy vehicle value chain in Zhejiang
Province.
More than 500 attendees participated in the inaugural ceremony
which was held in Hangzhou City on
April 15, 2016 and elected the
Alliance's first board of executors. Mr. Wang and 13 other new
energy vehicle industry leaders in Zhejiang Province were elected to serve as
vice chairs of the Alliance. The Alliance's mission is to promote
rapid adoption of new energy vehicles and to improve collaboration
and integration across the value chain.
Mr. Wang delivered a keynote address at the inaugural ceremony
and shared the vision of transforming the Company from a
bamboo-based charcoal products manufacturer to a vertically
integrated new energy vehicle manufacturer with businesses in
charcoal materials, batteries, powertrain, and specialty new energy
vehicles in coming years. Mr. Wang also signed cooperation
agreement with governmental officials of Binjiang District,
Hangzhou City to formally launch
Tantech New Energy Vehicle Institute, a wholly-owned subsidiary of
the Company to lead its efforts in advancing technology along the
new energy vehicle value chain.
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui City,
Zhejiang Province, China, Tantech Holdings Ltd., together with
its subsidiaries, develops and manufactures bamboo-based charcoal
products in China and
internationally. It operates through three segments: Consumer
Products, Trading, and Biofuel Energy. The company produces pressed
and formed charcoal briquettes for use in grills, incense burners,
and other applications under the Algold brand. It also offers
Charcoal Doctor branded products, such as air purifiers and
humidifiers, automotive accessories for air purification,
underfloor humidity control, pillows and mattresses, wardrobe
deodorizers, mouse pads and wrist mats, refrigerator deodorants,
charcoal toilet cleaner disks, liquid charcoal cleaners, shoe
insoles, and decorative charcoal gifts. In addition, the Company
provides liquid byproduct consists of bamboo vinegar that is used
in disinfectants, detergents, lotions, specialized soaps, toilet
cleaners, and fertilizers, as well as in various agricultural
applications. Further, it engages in providing bamboo carbon for
use in EDLCs; the production of electric double-layer capacitor
carbon products; and the industrial purchase and sale of rubber.
The Company provides its products for industrial energy
applications, as well as household cooking, heating, purification,
agricultural, and cleaning uses. The company also exports its
bamboo vinegar, bamboo charcoal purification, and EDLC carbon
products. For more information about Tantech Holdings Ltd., please
visit: http://www.tantech.cn/en/index.asp.
Forward-Looking Statements
This news release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
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. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
For more information please contact:
Tantech Holdings Ltd.
Ms. Ye Ren
IR Manager
+86-578-261-2869
ir@tantech.cn
Weitian Investor Relations
Ms. Tina Xiao
+1-917-609-0333
tanh@weitian-ir.com
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SOURCE Tantech Holdings Ltd.