CCG Group Secures $16 Million Order to Supply Graphite Based Product Applied in Renewable Energy Storage System

Rhea-AI Summary

CCG Group, Inc. (OTC PINK: CHGI) announced a firm order worth $16 million to supply customized graphite components for a clean energy storage initiative. This order is expected to commence this year and continue into the next. CEO Donghai Yu expressed pride in contributing to sustainable energy solutions and mentioned upcoming projects. CCG Group specializes in carbon-based and graphene products for various industries, including steel and energy storage.

Positive

• Secured a $16 million order for customized graphite components, enhancing revenue potential.
• Focus on sustainable energy solutions aligns with market trends toward renewable energy.

Negative

• None.

SHANGHAI, CHINA / ACCESSWIRE / April 5, 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 together with its subsidiary, the company has received a firm order to supply $16 million of customized graphite component for an accelerated clean Energy Storage Company starting this year to the end of next year.

"We are very honored to be able to take part in this expansion towards sustainable and renewable energy solutions. Other projects as well as renovations to current projects will also take motion soon. We hope to grow together with our pioneering partners to make further groundbreaking improvements," said Donghai Yu, CEO of the Company.

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/638933/CCG-Group-Secures-16-Million-Order-to-Supply-Graphite-Based-Product-Applied-in-Renewable-Energy-Storage-System

FAQ

What is the significance of CCG Group's $16 million order?

The $16 million order positions CCG Group to expand its business in the renewable energy sector, potentially boosting revenues and market presence.

How does CCG Group contribute to energy storage solutions?

CCG Group supplies customized graphite components that are integral to clean energy storage systems, supporting advancements in renewable energy technologies.

What industries does CCG Group serve?

CCG Group serves industries including steel, metallurgy, energy storage, optical fiber, and semiconductors with its carbon-based and graphene products.