WENZHOU, China, April 10, 2018 /PRNewswire/ -- ZK
International Group Co., Ltd. (Nasdaq:
ZKIN) ("ZKIN", "ZK International" or the "Company") is
pleased to announce the results of the on-site review by the TNT
Blockchain Inc. ("TNT") team of its factory and the launch of
xSigma's transformation roadmap.
ZK International and its blockchain-focused subsidiary, xSigma
Corporation, have signed an exclusive worldwide distribution
agreement with TNT Blockchain, Inc. to implement its patent pending
software and blockchain technologies into its manufacturing process
and supply chain management system. These technologies include,
Track-n-Trace, which is designed to improve the traceability and
inventory systems of small to medium sized manufacturing companies
and track raw materials and finished goods at the source, supplier,
or factory, through the entire supply chain to the end user.
xSigma, advised by TNT, has begun the transformational process
and groundbreaking work to deliver its IoT and Blockchain
technologies to add verification to the delivery of clean drinking
water to the residents of China.
TNT is committed to providing major
process efficiency improvements, which will enable ZK International
to completely transform China's
water safety program. ZK International believes that these changes
will set a new standard in China
and will propel their products to be a leader in the industry for
years to come.
TNT will provide automation specialists to ensure the
improvements are long term by installing automated machinery,
developing new measurements and metrics, using best in class
quality control standards and realigning current warehouse
operations. They will be supporting the new ERP program
implementation team to connect xSigma with Kingdee® ERP and by
doing so will further streamline operations and as a result should
result in significant cost reductions.
On the innovation side, TNT will develop for ZK International
and xSigma new IoT sensors for water quality, temperature,
self-installation, and usage reporting that will record on TNT's
patent pending blockchain ledgers. All of these technologies are
being developed so that ZK International's patented stainless steel
pipes can be transformed to intelligent piping systems that will
remotely communicate the specifications, safety and quality of the
gas and water to the end user.
ZK International and xSigma's licensed technologies would
connect the threads from a limitless base of suppliers to
manufacturers, where goods are produced and distributed into a vast
network of channels. This technology tracks raw materials
and product movement with accuracy from source to consumers,
providing authenticity, transparency, security and restoring
confidence in a world of uncertainty.
"We are excited to have this opportunity to help ZK
International build their new xSigma subsidiary, and contribute to
the meaningful transformation of their supply chain operations,"
said Dave
Christensen, CEO of TNT Blockchain Inc. "This technology is
the future. The pioneers and innovators, who embrace it and deploy
it, will clearly have the sustainable competitive advantage."
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 28
patents, 21 trademarks, 2 Technical Achievement Awards, and 10
National and Industry Standard Awards. ZK International is
preparing to capitalize on the $850 Billion commitment made by
the Chinese Government to improve the quality of water, which in
its current supply state is 70% unfit for human contact. 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, which include 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 to not only to
the China market but to international markets such
as Europe, East Asia and Southeast Asia.
About xSigma Corporation
xSigma Corporation, is a wholly-owned subsidiary of ZK
International Group Co., Ltd. Together with ZK International, it
has signed an exclusive worldwide distribution agreement with TNT
Blockchain, Inc. to implement its patent pending software and
blockchain technologies into its manufacturing process and supply
chain management system. These technologies include, Track-n-Trace
("TNT"), which is designed to improve the traceability and
inventory systems of small to medium sized manufacturing companies
to track raw materials and finished goods at the source, supplier,
or factory, through the entire supply chain to the end user.
Combine the TNT with the Internet of Things ("IoT") devices, every
device within the manufacturing process is registered on the
Blockchain to create a digital identity, which cannot be
manipulated. Finally, the Blockchain technology would provide
transparency and security, as permissions and identity the
technology would require will ensure the appropriate visibility of
transactions. For further information about xSigma, please visit
its website at www.xsigma.io.
About TNT Blockchain Corporation
TNT Blockchain Inc has entered into an exclusive,
multimillion dollar agreement with ZK International Group, thus
creating xSigma Corporation. ZK International is a China-based
designer, engineer, manufacturer and supplier of patented
high-performance stainless steel and carbon steel pipe products and
is publicly traded on the Nasdaq. The Company owns 28 patents, 21
trademarks, 2 Technical Achievement Awards and 10 National and
Industry Standard Awards. For more information, please visit
www.tntblockchains.com or contact us at
info@tntblockchains.com
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 guarantees 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:
KCSA Strategic Communications
Valter Pinto, Managing Director
PH: +1 (212) 896-1242
ZKInternational@KCSA.com
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SOURCE ZK International Group Co., Ltd.