SINC Completes Acquisition of AgroShield LLC and Announces Major Patent Filing
Sincerity Applied Materials Holdings Corp (SINC) has completed the acquisition of AgroShield , a prominent manufacturer serving various sectors in the USA. The deal involves SINC acquiring 100% of AgroShield's shares in exchange for 49,000,000 shares of SINC's common stock. This strategic move expands SINC's footprint in the applied materials and chemicals industry, particularly in agriculture and aquaculture markets.
Additionally, AgroShield, now a SINC subsidiary, has filed a patent for an innovative underwater vehicle delivery system incorporating SINC's Quantum Glass technology. The acquisition brings new management team members to SINC, including Richard W. Selby as Vice Chairman. A conference call is scheduled for August 1, 2024, to discuss the acquisition's impact and future plans.
Sincerity Applied Materials Holdings Corp (SINC) ha completato l'acquisizione di AgroShield, un importante produttore che serve vari settori negli Stati Uniti. L'accordo prevede che SINC acquisisca il 100% delle azioni di AgroShield in cambio di 49.000.000 azioni ordinarie di SINC. Questa mossa strategica espande la presenza di SINC nel settore dei materiali applicati e della chimica, in particolare nei mercati dell'agricoltura e dell'acquacoltura.
Inoltre, AgroShield, ora una sussidiaria di SINC, ha presentato un brevetto per un innovativo sistema di consegna di veicoli sottomarini che incorpora la tecnologia Quantum Glass di SINC. L'acquisizione porta nuovi membri del team di gestione a SINC, incluso Richard W. Selby nel ruolo di Vice Presidente. È prevista una conferenza telefonica il 1° agosto 2024 per discutere l'impatto dell'acquisizione e i piani futuri.
Sincerity Applied Materials Holdings Corp (SINC) ha completado la adquisición de AgroShield, un destacado fabricante que sirve a varios sectores en EE. UU. El acuerdo implica que SINC adquiere el 100% de las acciones de AgroShield a cambio de 49.000.000 acciones comunes de SINC. Este movimiento estratégico expande la presencia de SINC en la industria de materiales aplicados y químicos, particularmente en los mercados de agricultura y acuicultura.
Además, AgroShield, ahora una subsidiaria de SINC, ha presentado una patente para un sistema innovador de entrega de vehículos submarinos que incorpora la tecnología Quantum Glass de SINC. La adquisición aporta nuevos miembros al equipo de gestión de SINC, incluido Richard W. Selby como Vicepresidente. Se programó una conferencia telefónica para el 1 de agosto de 2024, para discutir el impacto de la adquisición y los planes futuros.
Sincerity Applied Materials Holdings Corp (SINC)는 AgroShield의 인수 계약을 완료하였습니다. AgroShield는 미국의 여러 분야에 서비스를 제공하는 주요 제조업체입니다. 이번 거래를 통해 SINC는 AgroShield의 주식 100%를 49,000,000 주의 SINC 일반 주식과 교환하여 인수하게 됩니다. 이 전략적 행보는 SINC의 소재 및 화학 산업 내 입지를 확장하며, 특히 농업 및 양식 시장에서 더욱 두드러집니다.
추가로, 이제 SINC의 자회사인 AgroShield는 SINC의 Quantum Glass 기술을 통합한 혁신적인 수중 차량 배송 시스템을 특허 출원하였습니다. 인수와 함께 리차드 W. 셀비가 부회장으로 합류하는 등 새로운 관리팀이 SINC에 합류하게 됩니다. 인수의 영향 및 향후 계획을 논의하기 위해 2024년 8월 1일에 컨퍼런스 콜이 예정되어 있습니다.
Sincerity Applied Materials Holdings Corp (SINC) a achevé l'acquisition d'AgroShield, un fabricant de premier plan qui sert divers secteurs aux États-Unis. L'accord concerne l'acquisition par SINC de 100% des actions d'AgroShield en échange de 49.000.000 actions ordinaires de SINC. Ce mouvement stratégique élargit l'empreinte de SINC dans l'industrie des matériaux appliqués et des produits chimiques, en particulier sur les marchés de l'agriculture et de l'aquaculture.
De plus, AgroShield, désormais une filiale de SINC, a dépôt un brevet pour un système de livraison innovant de véhicules sous-marins intégrant la technologie Quantum Glass de SINC. L'acquisition apporte de nouveaux membres à l'équipe de direction de SINC, avec Richard W. Selby en tant que vice-président. Un appel conférence est prévu pour le 1er août 2024, afin de discuter de l'impact de l'acquisition et des plans futurs.
Sincerity Applied Materials Holdings Corp (SINC) hat die Übernahme von AgroShield abgeschlossen, einem bedeutenden Hersteller, der verschiedene Sektoren in den USA bedient. Bei dem Deal erwirbt SINC 100% der Aktien von AgroShield im Austausch für 49.000.000 Aktien von SINC. Dieser strategische Schritt erweitert die Präsenz von SINC in der Branche für angewandte Materialien und Chemikalien, insbesondere in den Märkten für Landwirtschaft und Aquakultur.
Darüber hinaus hat AgroShield, nun eine Tochtergesellschaft von SINC, ein Patent für ein innovatives Unterwasserfahrzeug-Liefersystem eingereicht, das die Quantum Glass-Technologie von SINC integriert. Die Übernahme bringt neue Mitglieder des Management-Teams zu SINC, darunter Richard W. Selby als Vize-Vorsitzenden. Für den 1. August 2024 ist eine Telefonkonferenz geplant, um die Auswirkungen der Übernahme und zukünftige Pläne zu diskutieren.
- Acquisition of AgroShield expands SINC's market presence in agriculture and aquaculture sectors
- Patent filing for innovative underwater vehicle delivery system using SINC's Quantum Glass technology
- Addition of experienced management team members to drive growth and innovation
- Potential for new market opportunities in aquatic environmental remediation and swimming pool markets
- Issuance of 49,000,000 shares of SINC's common stock may lead to shareholder dilution
MELBOURNE, AUSTRALIA / ACCESSWIRE / July 22, 2024 / Sincerity Applied Materials Holdings Corp ("SINC"), a prominent player in the applied materials and chemicals industry, is pleased to announce the successful completion of its acquisition of AgroShield LLC, a prominent manufacturer and distributor serving the agriculture, aquaculture, bioproduct and waste management sectors in the United States of America. This acquisition underscores SINC's commitment to expanding its footprint and enhancing its portfolio through strategic growth initiatives.
Details of the Acquisition:
Transaction Overview: Under the terms of the agreement, SINC has acquired
Strategic Benefits: The acquisition enables SINC to enhance its capabilities in its unique Quantum Glass technologies, providing new market coverage for growth and innovation in the USA. AgroShield LLC's market presence in agriculture and aquaculture complements SINC's existing offerings and expands its reach into new markets. These markets create a solid foundation for excellent shareholder returns.
Patent Filing Announcement:
In addition to the acquisition, SINC is also pleased to announce that AgroShield, now a wholly owned subsidiary, has successfully filed an innovative patent after three years of dedicated research and development. The patent is filed for AgroShield's underwater vehicle delivery system that incorporates Sincerity's copper-infused Quantum Glass, and ionically charged biochar filtration media. This significant advancement in aquacultural technology underscores AgroShield's commitment to innovation and sustainability.
New Management Team Members:
SINC is also pleased to announce the appointment of the following new Sincerity team members:
Mr. Richard W. Selby, Vice Chairman
Mr. Jeffrey E. Randall, Sr. Vice President
Mr, Christopher D. Abbott, Vice President of Product Development
Mr. Kyle Fuson, Director of Marketing and Communications
Ms. Tiffany Campbell, Public Affairs Manager
These appointments are integral to our strategic vision and will play a crucial role in driving SINC's market penetration, growth, and innovation in the coming years.
Upcoming Conference Call
Sincerity Applied Materials Holdings Corp (OTC PINK:SINC) will hold a conference call for shareholders, analysts, and prospective investors on Thursday August 1, 2024, at 4 pm EST. During the call, James Zhang and Richard Selby will discuss the impact of the acquisition, future plans, and take questions from guests via chat. Guests must RSVP at tiffany@agro-shield.com. This is a Microsoft Teams event and seating will be limited.
About Sincerity Applied Materials Holdings Corp Sincerity Applied Materials Holdings Corp (OTC: SINC) is incorporated in Nevada, USA, specializing in applied materials and chemicals. With a strong commitment to innovation and quality, SINC aims to deliver superior products and services across various global industry verticals.
About AgroShield LLC AgroShield LLC is a Wyoming-based corporation engaged in the manufacturing and distribution of products and technologies for the agriculture, aquaculture, and waste management industries. AgroShield provides innovative solutions to improve efficiency and sustainability in these critical sectors.
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, assumptions, estimates, and projections about Sincerity Applied Materials Holdings Corp and its industry. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those anticipated. The company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Contact:
Yiwen Zhang, CEO Sincerity Applied Materials Holdings Corp
+61 4 2100 7277 / ir@sincerityplastics.com
Note: The information provided in this press release is subject to change, and readers are advised to refer to the latest filings and updates on the SEC's website and OTC Markets for the most current and accurate information.
SOURCE: Sincerity Applied Materials Holdings Corp.
View the original press release on accesswire.com
FAQ
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