ZK International Group Visited by Consul General at the U.S. Consulate General in Shanghai

Rhea-AI Summary

On December 14, 2020, ZK International Group (Nasdaq: ZKIN) hosted a delegation led by U.S. Consul General James Heller in Wenzhou, China. The visit highlighted ZK's role in representing Wenzhou's enterprise spirit, showcasing its manufacturing facilities, and products. The Chairman, Jiancong Huang, expressed the company's commitment to expanding into the U.S. market, having acquired necessary export certifications. ZK International holds 28 patents and aims to capitalize on China's $850 billion investment in water quality improvement, having supplied over 2,000 projects including major Olympic venues.

Positive

• ZK International hosted a U.S. Consul General delegation, enhancing its diplomatic relations.
• The company has acquired required certifications for exporting products to the U.S.
• ZK holds 28 patents, showcasing its innovative capabilities.
• There is significant government commitment ($850 billion) to improve water quality in China, benefiting ZK's market potential.

Negative

• None.

WENZHOU, China, Dec. 23, 2020 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that it hosted a delegation led by Mr. James Heller, Consul General at the U.S. Consulate General in Shanghai on December 14, 2020 during its visit in Wenzhou and the Company.

When China began economic reforms in the 1970s, Wenzhou was the first city in China to allow a sole proprietor, private enterprises and corporations to operate. It has also taken the lead in carrying out financial system reforms and structural reforms in townships. Being a pioneer in utilizing marketing mechanism to develop urban constructions, Wenzhou has won a number of firsts in China and has set many national records. ZK International was chosen as the representative of Wenzhou entrepreneurship and to act as the host of the visit. Mr. Heller toured the Company's manufacturing facilities, product demonstration center and research laboratory. He applauded the Company's successful response to the pandemic and the steps taken to bring a Chinese company to the US capital market. 

"Of all the exceptional companies in Wenzhou, we are honored to be chosen as the representative of all the Wenzhou enterprises and to be given the opportunity to extend our warm welcome to Mr. Heller and his delegation. As a Nasdaq-listed company, we look forward to continuing to serve as a bridge between China and the United States as we look at expanding into the US market. The Company has acquired certificates and licenses required to export products to US market and as the Chinese and US government approaches second phase of negotiations, we look forward to building our presence into US market in 2021," said Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International.

About ZK International Group Co., Ltd.

ZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which in its current supply state is 70% unfit for human contact.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee that is focused on supplying steel piping for the multi-billion dollar industries of Gas and Water sectors.  ZK has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics.  Emphasizing superior properties and durability of its steel piping, ZK International is providing a solution for the delivery of high quality, highly sustainable, environmentally sound drinkable water to not only to the China market but to international markets such as Europe, East Asia and Southeast Asia.  

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company's SEC filings please visit www.sec.gov.

Safe Harbor Statement 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company's filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Investor Contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386

 

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SOURCE ZK International Group Co., Ltd.

FAQ

What recent event involved ZK International (ZNK) and a U.S. Consul General?

On December 14, 2020, ZK International hosted a delegation led by U.S. Consul General James Heller in Wenzhou.

How is ZK International (ZNK) expanding into the U.S. market?

ZK International has acquired the necessary certifications for exporting products to the U.S. market.

What initiatives support ZK International's growth in water quality improvement?

The Chinese government has committed $850 billion to improve water quality, which aligns with ZK's business focus.

What is the significance of ZK International's patents?

ZK International holds 28 patents, indicating its strong position in innovation within the steel pipe manufacturing sector.