WENZHOU, China, Dec. 19,
2023 /PRNewswire/ -- ZK
International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or
the "Company"), a leading designer, engineer, manufacturer, and
supplier of patented high-performance stainless steel and carbon
steel pipe products for sophisticated water or gas pipeline
systems, proudly announces a new marketing and sales achievement.
The Company has successfully secured an $8
million bid in collaboration with Chongqing Gas Group,
bolstering its new position as a key player in the Western China gas market.
Chongqing City, the fourth
largest Chinese city with an estimated urban population of 16.34
million, is set to benefit from ZK International's expertise. The
$8 million bid pertains to the gas
piping infrastructure procurement program initiated by the
Chongqing Gas Group for its municipal gas piping infrastructure
project.
China's Ministry of Ecology and
Environment's 2020 initiative to replace coal with clean energy in
the heating systems of 7.09 million households in the northern
provinces has spurred a surge in demand for natural gas and gas
piping infrastructure. Chongqing Gas Group, a flagship division of
China Resources Gas Group Limited, has been a pioneer in the urban
pipeline gas business since 1995. As a key player in the energy
sector, it has evolved into an integrated energy service provider
with core businesses encompassing natural gas sales, integrated
energy services, energy trade, and energy transmission and
distribution. Chongqing Gas Group Co., Ltd., is listed on the
Shanghai Stock Exchange, under the stock code 600917 and has a
market capitalization of $1.5 Billion
with annual sales of $1.22 Billion in
revenue.
Mr. Jiancong Huang, Chairman of
ZK International, commented, "We are pleased to be selected as a
key supplier for the municipal natural gas infrastructure program
amongst several of our competitors during this bidding process as
well as to start a new working relationship with Chongqing Gas
Group. We are excited that this bidding success, along with other
key pending contracts and agreements will allow us to expand our
presence to Western China in
Chongqing city."
About Chongqing Gas Group.
Chongqing Gas Group is a China-based company principally engaged in
gas-related businesses. The Company's main businesses are pipeline
gas supply, installation services of gas facilities and equipment,
comprehensive services, and comprehensive energy. Chongqing Gas
Group's service network covers 26 administrative regions in
Chongqing Municipality and Baojing County in Hunan Province, serving 5.64 million
households. Chongqing Gas Group Co., Ltd. is a listed company
controlled by China Resources Gas Holdings Co., Ltd., and was
listed on the Shanghai Stock Exchange on September 30, 2014, stock code: 600917.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 46 patents, 46
trademarks, 5 Software Copyrights, 2 National Innovation Fund
Awards, and 41 National and Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It 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. ZK
International is preparing to capitalize on the $850 Billion commitment made by the Chinese
Government to improve the quality of water, which has been stated
to be 70% unfit for human contact.
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.
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SOURCE ZK International Group Co., Ltd.
