China Recycling Energy Corporation to Participate in Upcoming Industry Conference in September

Rhea-AI Summary

China Recycling Energy Corporation (NASDAQ: CREG) announced its participation in the 2020 China International Energy Storage Conference (CIES Conference) from September 24-26, 2020, in Shenzhen, China. Key executives, including the Chairman, CEO, and Technical Director, will attend this significant event, which is organized by the China Industrial Association of Power Sources. The conference aims to bring together over 1,000 attendees and features 130 seminars discussing new trends in energy storage. CREG is focused on providing waste-to-energy solutions, benefiting from China's push for recycling technologies.

XI'AN, China, Sept. 17, 2020 (GLOBE NEWSWIRE) -- China Recycling Energy Corporation (NASDAQ: CREG) ("CREG" or "the Company"), an industrial waste-to-energy solution provider in China, today announced that Mr. Guohua Ku, the Chairman & CEO, Mr. Jackie Shi, the Vice President & CFO and Mr. Jiangang Guo, the Technical Director at CREG, will participate the 2020 China International Energy Storage Conference (“CIES Conference”) in Shenzhen China from September 24^th to 26^th, 2020.

The upcoming CIES conference is the 10^th annual event after its success in the past 9 consecutive years. Organized by China Industrial Association of Power Sources (“CISPS”) the largest professional energy storage association in China, more than 1,000 conference attendees and 200 research focused universities and institutions, manufacturers, and system and solution providers in energy storage sector will participate the biggest energy storage industry event. The conference will feature over 130 seminars with various hot topics and new trends by industry experts.

In addition, the Company’s management also attended the following industry conferences in this August:

• 2020 Alternative Energy and Power Roundtable and Wind and Solar Energy Storage Innovation Forum on August 20, 2020 in Beijing.
• 2020 International Energy Storage Summit organized by China Academy of Science on August 26, 2020.

About China Recycling Energy Corp.

China Recycling Energy Corporation (Nasdaq: CREG) ("CREG" or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of CREG and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including, but not limited to, the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions relating to the registered direct offering and those discussed in the Company's annual and periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations Inquiries:
Vivian Chen
vivianchen@irimpact.com

Media Inquiries:
Cathy Loos
cathyloos@irimpact.com   

FAQ

What is the date of the CIES Conference 2020 for CREG?

The CIES Conference 2020 will be held from September 24 to 26, 2020.

Who will represent CREG at the CIES Conference?

Mr. Guohua Ku, Mr. Jackie Shi, and Mr. Jiangang Guo will represent CREG at the conference.

Where is the CIES Conference 2020 located?

The CIES Conference 2020 will take place in Shenzhen, China.

What is the significance of the CIES Conference for CREG?

The CIES Conference is a major event that gathers industry leaders and experts to discuss trends in energy storage, which aligns with CREG's focus on waste-to-energy solutions.

How many attendees are expected at the CIES Conference 2020?

The conference is expected to host over 1,000 attendees from various sectors of the energy industry.