LISHUI, China, Oct. 12, 2020 /PRNewswire/ -- Tantech Holdings
Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy
company in China, today announced
its subsidiary, Zhejiang Tantech Bamboo Technology Co., Ltd,
received an order valued at RMB
22,417,500 (US $3.34 million)
from an existing customer.
Shipment under the multi-million dollar order will start this
month and will complete within 5 months. The products, which were
customized, will be mainly sold in Taiwan. They include
activated carbon for water purification, far-infrared bamboo
charcoal dehumidifying cushions and far-infrared height adjustable
bamboo charcoal pillows. The customer is a global trading company,
focusing on washing supplies, packaging materials, household
products, environmental protection materials and more.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said,
"This multi-million order is another milestone for
Tantech. The need for clean, healthy products and solutions
has never been greater. With the human body estimated to be
made up of over 60% water, there is no element more essential than
water to our well-being, longevity and health. At the same
time, as a leader in natural, purification solutions we are helping
promote a cleaner environment by enabling a reduction in toxic,
single use plastics, including water bottles. We have also
recently witnessed firsthand the critical need for effective air
purification. The great thing about our natural bamboo
charcoal products is they help clean the air and reduce humidity
without destroying the ozone layer like typical aerosol-based
products. In other words, consumers can feel good about buying
and using our products because they are ultimately helping the
environment, which should be a priority for everyone."
Mr. Yan continued, "From a longer-term view, our charcoal
products business provides a diversified, sustainable revenue
stream as we continue to focus on growth and working capital
management. At the same time, we continue to evaluate and develop
specialty-use EV and higher efficiency gas motors. We believe
that the broader automobile sector, which was one of the hardest
hit during COVID-19, is starting to show signs of an improvement,
giving us added confidence in our position and outlook."
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui
City, Zhejiang Province, China, Tantech, together with
its subsidiaries, is now, in addition to be a developer and
manufacturer of bamboo-based charcoal, an innovative leader in the
design, manufacture and distribution of electric vehicles. The
Company has also invested in mining business in 2018 and 2019.
For more information please visit: http://ir.tantech.cn.
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.
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SOURCE Tantech Holdings Ltd.