Tornado Global Hydrovacs Announces Strategic Alliances with Jianghuai Yangtian of Chuzhou and Haotian Keda of Daqing, China
October 29 2018 - 7:00AM
Tornado Global Hydrovacs Ltd. (TSX-V: TGH) (“Tornado”, “Tornado
Canada” or the “Company”) is pleased to announce that its
wholly-owned subsidiary Tornado Global Hydrovacs (Beijing) Ltd.
(“Tornado China”) has entered into a five (5) year strategic
partnership agreement with Anhui Jianghuai Yangtian Automobile Co.,
Ltd. (“Jianghuai Yangtian”) to manufacture Tornado’s line-up of
hydrovac trucks, which have been customized to satisfy all the
Chinese regulatory requirements, for sale and operation in China.
Tornado is also pleased to announce that Tornado
China executed a strategic partnership agreement with Daqing
Haotian Xinda Technology Ltd. (“HTXD”) for an initial term of one
(1) year to assist Tornado China with developing a client base in
the excavation market in Heilongjiang Province of China.
Hydrovac trucks use high pressure water to
pulverize soil and turn it into mud, and then vacuum up the
resulting mud into its tank. Hydrovac excavation is a valuable
excavation technique, in large part because it can safely excavate
around underground utilities such as gas and utility lines without
damaging them. As such, this equipment is frequently used in the
oil and gas production industry, the pipeline industry, and by
municipalities to safely expose underground utilities for repair.
Tornado anticipates the unique features of Tornado’s line-up of
hydrovac trucks and its track record of effectiveness should
generate great demand for its hydrovacs in part as a result of its
hot water features that make excavation in winter far more economic
and safe.
“Tornado Hydrovac is just what we need,” stated
Li Wei, the General Manager of Haotian Keda. “In a very short time,
Tornado’s hydrovac truck has solved excavation problems that have
annoyed me for many years. It is amazing! Tornado’s hydrovac truck
has exceeded expectations by providing safe operating techniques at
a lower cost than the current alternatives. One demonstration
recently conducted, resulted in the hydrovac safely excavating a
broken water pipeline to restore the water supply. The water
pipeline had been leaking approximately 300 tons (300,000 litres)
of water per day for over three years. The massive water line leak
was left unfixed because searching for the pipeline leak with other
excavation methods may have caused a bigger problem if the water
line or other under-ground gas lines in the area were struck. The
use of the Tornado hydrovac truck for excavation facilitated the
water leak being safely and efficiently found in less than 30
minutes and allowed the repair to be completed immediately.”
Present at the ceremony held in Chuzhou to
announce and formalize the alliance were Company executives from
Tornado Canada and Tornado China as well as executives from
Jianghiai Yangtian from Chuzhou, the owner of Haotian Keda from
Daqing, Chuzhou City’s Mayor, Chairman of Local Congress, the
Director of the Commission of Economy and Information, the Nanqiao
District’s Party Secretary and the Governor and Director of the
Commission of Economy and Information.
“Going forward Tornado’s hydrovacs products will
be manufactured by Jianghuai Yangtian and Tornado China and
Jianghuai Yangtian will work together on improvements to Tornado’s
line-up of hydrovac trucks which is expected to increase the
competitiveness of the products. Tornado line-up of hydrovac trucks
manufactured in China will be sold in China, North America and the
rest of world,” stated Sean Li, President of Tornado China.
“We are very pleased to be chosen to manufacture
Tornado’s line-up of hydrovac trucks and we expect the quality of
the trucks we manufacture in China to be as good as the products
manufactured in North America if not better," stated Gong Yihua,
President of Jianghuai Yangtian. “Chuzhou and Nanqiao district are
paying great attention to this event. China’s excavation market is
growing very quickly. Safety and low cost excavation on
construction sites is extremely important to the Chinese market.”
Tornado and Jianghuai Yangtian’s agreement committed them to work
together to solve these two challenges by introducing the Tornado
line-up of hydrovac excavation trucks to the untapped Chinese
market.
“Our local government will definitely support
the career that benefits our nation and people and I will be glad
to come to the plant again when the first unit of hydrovac truck is
produced,” stated the Chairman of Chuzhou’s local Congress.
About TornadoThe Company
designs, manufactures and sells hydrovac trucks to excavation
service providers to the oil and gas and municipal markets in
Canada, USA and China. Hydrovac trucks use high pressure water to
pulverize soil and turn it into mud, and then vacuum up the
resulting mud into its tank. This method of excavation has proven
to be the safest way to excavate around underground infrastructure.
Tornado has been operating in North America since 1984. The Company
established a wholly owned foreign subsidiary in China in 2016 and
it has been given a mandate to manufacture and sell the hydrovac
trucks that have been redesigned and localized to satisfy the
Chinese market.
About Jianghuai
YangtianJianghuai Yangtian Automobile Co., Ltd.
(“Jianghuai Yangtian”). was founded in 2002. At present, the
company has more than 120 models of trucks approved for sale in
China. It has received awards by the state, provinces and cities in
China including: “Anhui Quality Management Award”, "Anhui Famous
Brand", and “Provincial Enterprise Technology Center.” More than 20
products have been awarded the provincial or municipal science and
technology progress award or national patent. All series of
Jianghuai Yangtian’s products have passed the national 3C mandatory
certification. Jianghuai Yangtian’s products, technology and
quality are industry leaders in China.
About Haotian XindaDaqing
Haotian Xinda Technology Ltd., founded in 2014, is an expert in
underground water supply pipeline and drainage pipeline inspection,
maintenance and emergency rescue, providing various advanced
daylighting and maintenance devices and services.
For more information about the Company, contact
us at:
Sean LiPresidentTornado Global Hydrovacs
(Beijing) Ltd.Phone: +86-10-64750096Email: sli@tghl.ca
Website: http://tghlcn.com/ |
Bill RollinsCEOTornado Global Hydrovacs Ltd. /
Tornado Global Hydrovacs (North America) Inc.Phone: +1(403)
204-6333Email: brollins@tghl.ca Website:
http://tornadotrucks.com/ |
Reader AdvisoryCertain
statements contained in this news release constitute
forward-looking statements. These statements relate to future
events. All statements other than statements of historical fact are
forward-looking statements. The use of the words “anticipates”,
“should”, ‘‘may”, “expected”, “expects”, and other words of a
similar nature are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Although Tornado believes these statements to be
reasonable, no assurance can be given that these expectations will
prove to be correct and such forward-looking statements included in
this news release should not be unduly relied upon. Such statements
include statements with respect to: (i) the demand for and
competitiveness of Tornado’s line-up of Hydrovac trucks in China,
and the results, if any, thereof, any increase in revenue and
profitability of the hydrovac business and the success of any
efforts in respect thereof; and (ii) the growth of the hydrovac
excavation market in China. Actual results could differ
materially from those anticipated in these forward-looking
statements as a result of prevailing economic conditions, and other
factors, many of which are beyond the control of Tornado. The
forward-looking statements contained in this news release represent
Tornado’s expectations as of the date hereof, and are subject to
change after such date. Tornado disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities regulations.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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