Tantech Subsidiary Selected for International Standard Creation

Rhea-AI Summary

Tantech Holdings Ltd (NASDAQ: TANH) announced that its subsidiary, Zhejiang Tantech Bamboo Charcoal Co., participated in the creation of ISO 21626, an international standard for bamboo charcoal. Parts 1 and 2 have been published, enhancing product quality standards in the bamboo charcoal industry. The CEO stated that this development underscores the company's leadership and instills consumer confidence in sustainable products. The market for bamboo charcoal continues to grow, with applications in various sectors, indicating a strong growth opportunity.

Positive

• Participation in creating ISO 21626 enhances company credibility and consumer trust.
• Publication of Parts 1 and 2 reflects the establishment of quality standards in the bamboo charcoal market.
• Growing market for bamboo charcoal applications indicates long-term growth opportunities.

Negative

• None.

LISHUI, China, Feb. 1, 2021 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company in China, today announced its subsidiary Zhejiang Tantech Bamboo Charcoal Co., Ltd. participated in the creation of Part 1, Part 2 and Part 3 of ISO 21626, an international standard for bamboo charcoal. Part 1 and Part 2 have been formally published.

The International Organization for Standardization ("ISO") is a worldwide federation of national standards bodies. The work of preparing International Standards is normally carried out through ISO technical committees. Technical Committee ISO/TC 296, Bamboo and Rattan, published ISO 21626-1:2020 for Bamboo charcoal – Part 1: Generalities, and ISO 21626-2:2020 for Bamboo charcoal – Part 2 Fuel Applications.

Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We are proud to have an integral part in the creation of international standards for bamboo charcoal, which underscores our industry leading position. We believe this will serve to instill confidence in consumers, as they will now be able to purchase sustainable products with greater confidence, knowing there is a standardization of quality. We have seen a steady increase in usage for bamboo charcoal, as countless products and innovative applications have been developed across environmental and green sectors, health and beauty, and household goods, to name just a few. We are excited about the standardization as a next step in the evolution of this very long-term growth market opportunity."

About Tantech Holdings Ltd.

Established in 2001 and headquartered in Lishui City, Zhejiang Province, China, Tantech, together with its subsidiaries, is now, in addition to be a developer and manufacturer of bamboo-based charcoal, an innovative leader in the design, manufacture and distribution of electric vehicles. The Company has also invested in mining business in 2018 and 2019.

For more information please visit: http://ir.tantech.cn.

Forward-Looking Statements

This news 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. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 

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SOURCE Tantech Holdings Ltd.

FAQ

What is Tantech's role in ISO 21626?

Tantech Holdings Ltd's subsidiary participated in creating ISO 21626 for bamboo charcoal, helping to establish international quality standards.

What were published in ISO 21626?

Parts 1 and 2 of ISO 21626, concerning bamboo charcoal generalities and fuel applications, were formally published.

Why is ISO 21626 important for Tantech?

ISO 21626 enhances consumer confidence in bamboo charcoal products, potentially driving sales and market growth for Tantech.

When was the announcement made regarding ISO 21626?

The announcement was made on February 1, 2021.

How does bamboo charcoal relate to Tantech's business?

Bamboo charcoal is a key product for Tantech, and its standardization supports the company's position in the sustainable products market.