STOCK TITAN

ReTo Secured Production Line Contract with Middle Eastern Client

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

ReTo Eco-Solutions (Nasdaq: RETO) announced that its subsidiary, Beijing REIT Equipment Technology, has secured a $2 million contract with a client in the United Arab Emirates for the sale of RT18A, a fully automatic concrete block machine. The RT18A is a newly developed large-scale production line offering reliable operation and versatile product manufacturing capabilities.

ReTo, founded in 1999, specializes in ecological restoration and solid waste treatment, manufacturing eco-friendly construction materials from mining waste, and providing soil remediation solutions. The company also offers consultation services for urban ecological protection projects and IoT technology development services.

ReTo Eco-Solutions (Nasdaq: RETO) ha annunciato che la sua filiale, Beijing REIT Equipment Technology, ha ottenuto un contratto di 2 milioni di dollari con un cliente negli Emirati Arabi Uniti per la vendita della RT18A, una macchina per blocchi di cemento totalmente automatica. La RT18A è una linea di produzione di grande scala recentemente sviluppata, che offre un'operatività affidabile e capacità di produzione di prodotti versatili.

ReTo, fondata nel 1999, è specializzata nel ripristino ecologico e nel trattamento dei rifiuti solidi, producendo materiali da costruzione ecologici a partire dai rifiuti minerari e fornendo soluzioni di bonifica del suolo. L'azienda offre anche servizi di consulenza per progetti di protezione ecologica urbana e servizi di sviluppo della tecnologia IoT.

ReTo Eco-Solutions (Nasdaq: RETO) anunció que su subsidiaria, Beijing REIT Equipment Technology, ha asegurado un contrato de 2 millones de dólares con un cliente en los Emiratos Árabes Unidos para la venta de la RT18A, una máquina de bloques de concreto totalmente automática. La RT18A es una línea de producción de gran escala recién desarrollada, que ofrece una operación confiable y capacidades de fabricación de productos versátiles.

ReTo, fundada en 1999, se especializa en la restauración ecológica y el tratamiento de residuos sólidos, fabricando materiales de construcción ecológicos a partir de desechos mineros y proporcionando soluciones de remediación del suelo. La empresa también ofrece servicios de consultoría para proyectos de protección ecológica urbana y servicios de desarrollo de tecnología IoT.

ReTo Eco-Solutions (Nasdaq: RETO)는 자회사인 베이징 REIT 장비 기술이 아랍 에미리트의 한 고객과 200만 달러 계약을 체결했다고 발표했습니다. RT18A는 완전 자동 콘크리트 블록 기계입니다. RT18A는 신뢰할 수 있는 운영과 다목적 제품 제조 기능을 제공하는 새롭게 개발된 대규모 생산 라인입니다.

1999년에 설립된 ReTo는 생태 복원 및 고형 폐기물 처리 분야에서 전문성을 갖추고 있으며, 광산 폐기물로부터 친환경 건축 자재를 제조하고 토양 정화 솔루션을 제공합니다. 이 회사는 또한 도시 생태 보호 프로젝트를 위한 컨설팅 서비스와 IoT 기술 개발 서비스를 제공합니다.

ReTo Eco-Solutions (Nasdaq: RETO) a annoncé que sa filiale, Beijing REIT Equipment Technology, a signé un contrat de 2 millions de dollars avec un client aux Émirats Arabes Unis pour la vente de la RT18A, une machine à blocs de béton entièrement automatique. La RT18A est une ligne de production à grande échelle récemment développée, offrant un fonctionnement fiable et des capacités de fabrication de produits polyvalents.

Fondée en 1999, ReTo est spécialisée dans la restauration écologique et le traitement des déchets solides, fabriquant des matériaux de construction écologiques à partir de déchets miniers et fournissant des solutions de réhabilitation des sols. L'entreprise propose également des services de conseil pour des projets de protection écologique urbaine et des services de développement de technologie IoT.

ReTo Eco-Solutions (Nasdaq: RETO) gab bekannt, dass ihre Tochtergesellschaft, Beijing REIT Equipment Technology, einen 2-Millionen-Dollar-Vertrag mit einem Kunden in den Vereinigten Arabischen Emiraten für den Verkauf der RT18A, einer vollautomatischen Betonblockmaschine, abgeschlossen hat. Die RT18A ist eine neu entwickelte Großproduktionslinie, die zuverlässigen Betrieb und vielseitige Produktionsmöglichkeiten bietet.

ReTo wurde 1999 gegründet und ist auf ökologische Wiederherstellung und die Behandlung fester Abfälle spezialisiert, produziert umweltfreundliche Baumaterialien aus Bergbauabfällen und bietet Lösungen zur Bodenrenovierung an. Das Unternehmen bietet auch Beratungsdienste für städtische Ökoschutzprojekte und Dienstleistungen zur Entwicklung von IoT-Technologie an.

Positive
  • Secured new $2 million sales contract in UAE market
  • Successfully expanded into Middle Eastern market with new product line
  • Developed new large-scale automatic concrete block production technology
Negative
  • None.

Insights

The $2 million contract secured by ReTo represents a significant development for a company with a market cap of only $19.5 million. This deal accounts for roughly 10% of the company's market value, making it a material contract that could positively impact revenue and growth prospects.

The expansion into the Middle Eastern market, particularly the UAE, is strategically important as the region continues to experience substantial construction activity. The sale of the RT18A concrete block machine demonstrates product innovation and market competitiveness in the international construction equipment sector.

However, investors should note that while this single contract is notable, the company's small market capitalization suggests operational risks and scale. The success of this international expansion will depend on execution, after-sales support and the ability to secure follow-on orders in the region.

The RT18A fully automatic concrete block machine represents a significant technological offering in the construction equipment market. The machine's versatility in producing various product types positions it well in the competitive landscape. Key technical advantages include automated operations and production flexibility, which are important features for modern construction projects.

The UAE market choice is particularly strategic, as the region's construction sector demands high-volume, efficient block production capabilities. The fully automated nature of the RT18A aligns with the market's shift toward automation and labor cost reduction. This contract could serve as a reference point for additional sales in the Middle East construction market, where quality and reliability are paramount.

BEIJING, Dec. 4, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and Internet of Things technology development services in China and other countries, today announced that its subsidiary, Beijing REIT Equipment Technology Co., Ltd. ("REIT Equipment"), entered into a sales contract of approximately $2 million with a client in the United Arab Emirates for the sale of RT18A, a fully automatic concrete block machine.

The RT18A, a newly developed large-scale, fully automatic concrete block production line manufactured by REIT Equipment, offers reliable and stable operation, allowing for production of a wide range of products. This production line is designed to improve performance and user experience and deliver significant value to customers.

Mr. Hengfang Li, Chairman and CEO of ReTo, said, "We are confident that through deep-rooted cooperation with our Middle Eastern clients, grounded in mutual benefit and reciprocity, we will be able to cater to a wider clientele with superior products and services. We are committed to continuously creating value for our clients. "

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company, through its operating subsidiaries in China, is engaged in the ecological restoration and solid waste treatment, manufacturing and distribution of eco-friendly construction materials (aggregates, bricks, pavers and tiles) made from mining waste (iron tailings), and soil remediation materials transformed from solid waste (iron tailings), as well as equipment used for the production of these eco-friendly construction materials and soil remediation materials. In addition, the Company provides consultation, design, project implementation and construction of urban ecological protection projects and parts, engineering support, consulting, technical advice and service, and other project-related solutions for its manufacturing equipment and environmental protection projects. The Company also offers roadside assistance services and technology development services utilizing Internet of Things technologies. For more information, please visit: http://en.retoeco.com

Forward-Looking Statements

This press release contains forward-looking statements. 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. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the SEC discuss these and other import factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. 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:
ReTo Eco-Solutions, Inc.
Tel: +86-010-64827328
Email: ir@retoeco.com or 310@reit.cc 

Cision View original content:https://www.prnewswire.com/news-releases/reto-secured-production-line-contract-with-middle-eastern-client-302321876.html

SOURCE ReTo Eco-Solutions, Inc.

FAQ

What is the value of ReTo's (RETO) new contract in UAE?

ReTo secured a $2 million contract with a client in the United Arab Emirates for the sale of their RT18A fully automatic concrete block machine.

What product did ReTo (RETO) sell to their Middle Eastern client in December 2023?

ReTo sold the RT18A, a newly developed large-scale, fully automatic concrete block production line manufactured by their subsidiary REIT Equipment.

What markets does ReTo (RETO) operate in as of 2023?

ReTo operates in China and has expanded to other countries, including recent business in the United Arab Emirates, providing ecological solutions and IoT technology development services.

ReTo Eco-Solutions, Inc.

NASDAQ:RETO

RETO Rankings

RETO Latest News

RETO Stock Data

19.54M
18.61M
45.47%
0.56%
0.38%
Building Materials
Basic Materials
Link
United States of America
Beijing