CCG Group Receives First Purchase Order from $16 Million Contract

Rhea-AI Summary

CCG Group, Inc. (OTC PINK:CHGI) has announced that it received its first Purchase Order as part of a $16 million contract. The company focuses on innovating graphene applications in heating and energy systems and supplies various carbon-based products, including graphene and graphite components. CCG operates an online portal for B2B and B2C sales of graphite-related products, serving industries such as steel, energy storage, and semiconductors. This Purchase Order marks a significant milestone in the company's efforts to expand its market presence.

Positive

• Received first Purchase Order from a $16 million contract.
• Focus on innovative graphene applications in various industries.
• Diverse product range including graphene and graphite components.

Negative

• None.

SHANGHAI, CHINA / ACCESSWIRE / May 11, 2021 / CCG Group, Inc. (OTC PINK:CHGI) (or the "Company") a distinguished graphite product supplier and manufacturer whose main focus is innovating graphene applications in heating and energy systems, today announced that the company received its first Purchase Order from the $16 Million contract.

About CCG Group, Inc.

CCG Group, Inc. (the "Company"), through its subsidiaries, is engaged in the sales of carbon-based products, graphene, graphene-based products, and graphene oxide internationally. The company also operate one of its business-to-business and business-to-consumers Internet portal for other graphite related products. The Company supplies end-users in graphite application zones including industries of steel, metallurgy, non-ferrous, PV, energy storage, optical fiber, semiconductor, chemicals. In addition, through its sales channels, the Company supplies several grades of customized graphite blocks & rods, graphite electrodes, precision machined graphite parts & components, bipolar graphite plates, graphite oxide & graphene.

Safe Harbor Statement

This news release contains forward-looking statements. 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 the company. 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 described more fully in the company's annual report on Form 10-K that was filed with the SEC. Although the company 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 the company or any other person that their objectives or plans will be achieved. The company 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.

Contact:
CCG Group Inc.
info@cgraphitetech.com

SOURCE: China Carbon Graphite Group Inc.

View source version on accesswire.com:
https://www.accesswire.com/646353/CCG-Group-Receives-First-Purchase-Order-from-16-Million-Contract

FAQ

What is the significance of CCG Group's recent Purchase Order?

CCG Group received its first Purchase Order from a $16 million contract, indicating a positive step in expanding its market presence.

What products does CCG Group offer?

CCG Group offers carbon-based products, including graphene, graphite blocks, electrodes, and precision machined components.

In which industries does CCG Group operate?

CCG Group serves industries such as steel, energy storage, metallurgy, and semiconductors.

What is the stock symbol for CCG Group?

The stock symbol for CCG Group is CHGI.

Where can I find more information about CCG Group's Purchase Order?

More information can be found in the press release available on Accesswire.