Newater Technology, Inc. Announces Postponement of 2020 Annual Meeting of Stockholders
Newater Technology, Inc. (NASDAQ: NEWA) has announced the postponement of its Annual General Meeting (AGM) previously scheduled for October 29, 2020. The new date is yet to be determined. Newater specializes in membrane filtration products for wastewater treatment, recycling, and discharge. The company will provide further details regarding the AGM's new date and record date after the Board of Directors makes that decision. Newater focuses on high-quality reclaimed water reuse and efficient treatment of high-salt wastewater among its core business areas.
- Niche focus on wastewater treatment and recycling, which could see growing demand.
- Robust business model with a focus on innovative membrane filtration technology.
- Postponement of the AGM may create uncertainty for investors regarding company governance.
YANTAI, China, Sept. 10, 2020 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) ("Newater," "NEWA," "we," "our" or the "Company"), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced the postponement of its Annual General Meeting of shareholders (the "AGM") that was previously to be held Thursday, October 29, 2020 at 8:30 a.m. Beijing time/Wednesday, October 28, 2020 at 8:30 p.m. EST at the Company's headquarters located at 1 Ruida Road, Laishan District, Yantai City, Shandong Province, China, 264003. The Company is postponing the Annual Meeting to a later date to be determined. Once determined by the Board of Directors, the Company will announce the record date and the new date, time and location of the Annual Meeting.
About Newater Technology, Inc.
Founded in 2012 and headquartered in Yantai, China, Newater, operating its business through its wholly owned subsidiary Yantai Jinzheng Eco-Technology Co. Ltd., specializes in the development, manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF (Disk Tube Nano-Filtration) membranes for waste water treatment, recycling and discharge. Newater provides integrated technical solutions in engineering support and installation, technical advice and water purification services, and other project-related solutions to turn wastewater into valuable clean water. More information about the Company can be found at www.dtNEWA.com.
The Company's core business includes:
- Reuse of high quality reclaimed water;
- High-salt and high-polluting wastewater treatment and near zero-liquid discharge;
- Highly efficient treatment of Landfill leachate; and
- Utilization of acid or alkali-containing wastewater as resources.
More information about the Company can be found at: www.dtNEWA.com
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding its annual meeting are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the water filtration industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Company: |
Ning Liu Senior Manager |
Phone: +86 (535) 8012999 |
+86 15063837878 Email: office@dtNEWA.com |
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SOURCE Newater Technology, Inc.
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