SINC Secures $0.9 Million additional Funding, Institution Reflects Strong Support for SINC expansion

Rhea-AI Summary

Sincerity Applied Materials Holdings Corp (OTC Pink: SINC) has secured an additional $0.9 million from an institution for its expansion efforts. This funding aims to enhance capacity in sectors such as Medical, EV, 5G, and PV supply chains, while also facilitating upcoming acquisitions from suppliers, customers, and competitors. SINC operates similarly to industry giant Cabot, focusing on high-performance environmental polymers and solutions to minimize product wastage and carbon footprints in various industries, including automotive and construction.

Positive

• Additional $0.9 million secured for expansion.
• Funding supports capacity increase in Medical, EV, 5G, and PV supply chains.
• Plans for acquisitions from suppliers, customers, and competitors are in place.

Negative

• None.

MELBOURNE, Australia, May 05, 2022 (GLOBE NEWSWIRE) -- Sincerity Applied Materials Holdings Corp (OTC Pink: SINC), announced additional $0.9 Million has been secured from an institution for SINC expansion.

SINC is a much smaller company but has similar business with US masterbatch/engineering plastics giant: Cabot ($70.02/share as of Open 4^th of May 2022).

Additional funding is backing up the master plan of SINC expansion includes increasing existing capacity in Medical, EV, 5G and PV supply chain, as well as lined up acquisitions from its suppliers, customers and competitors.

About Sincerity Applied Materials Holding Corp
Sincerity Applied Materials delivers high performance environmental polymer and solutions, to help customers reducing product wastage, improve logistics efficiency, and reduce their carbon footprint. The Company, though its China partner, has been developing its exceptional material technology through partnerships with leading Chinese research institutions and facilities. Today, Sincerity's products are widely used in the automotive, packaging, building & construction and engineering industries.

Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

Contact Information:
Investor Relations: CORE IR
+1 516 222 2560
IR@sincerityplastics.com

FAQ

What funding has SINC secured for its expansion?

SINC has secured an additional $0.9 million from an institution for its expansion.

What sectors is SINC expanding into?

SINC's expansion includes the Medical, EV, 5G, and PV supply chains.

Which larger company does SINC resemble in its operations?

SINC operates similarly to the US masterbatch/engineering plastics giant Cabot.

What is the main focus of SINC's products?

SINC focuses on high-performance environmental polymers and solutions to reduce product wastage and carbon footprints.

What are the risks mentioned in SINC's press release?

The press release contains forward-looking statements that involve known and unknown risks and uncertainties affecting the company's results.