YANTAI, China, April 16, 2018 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) ("NEWA", "we", "our" or the "Company"), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, via its wholly owned subsidiary in China, Yantai Jinzheng Eco-Technology Co., Ltd. ("Jinzheng"), today announced that its disk tube membrane technology was successfully selected as one of the advanced technologies to be promoted in China in 2018 by China's Ministry of Water Resources in its proclamation "2018 Guide to Promote Advanced Practical Technology."
The China Ministry of Water Resources promotes the expansion of advanced practical technologies for water conservancy in China. The Ministry encourages and guides the water industry in China to actively adopt advanced and practical technologies. In pursuit of this objective, the Ministry, by proclamation, selects new technologies to promote based on criteria such as technology, economy, and practicality. Newater was officially recognized by the China Ministry of Water Resources, when its Science and Technology Center included Newater's disk tube membrane technology, among 216 advanced technologies to be promoted in China in 2018, in its proclamation: "2018 Guide to Promote Advanced Practical Technology."
The selection process by the Ministry of Water Resources must meet specific criteria, such as: the technology being mature and economical; the technology having strong adaptability, and the technology being in use for at least one year in China.
"It is our great honor that our core technology, disk tube membrane technology, has been selected as one of the advanced technologies to be promoted by China's Ministry of Water Resources in China in 2018. We will continue to make great efforts to treat and recycle waste water," commented Mr. Yuebiao Li, the Company's Chairman and Chief Executive Officer.
About Newater Technology, Inc.
Founded in 2012 and headquartered in Yantai, Newater operates its business through its wholly owned subsidiary Jinzheng. Jinzheng specializes in the development, manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF (Disk Tube Nano-Filtration) membranes for waste water treatment, recycling and discharge. Jinzheng provides integrated technical solutions in engineering support and installation, technical advice and services, and other project-related solutions to turn wastewater into valuable clean water.
The Company's products can be used across a wide spectrum of industries, including:
- Leachate from landfills
- Power plant waste water
- Wastewater from oil fields
- Wastewater from gas production
- High acid wastewater
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This press 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. When the Company uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding its efforts to treat and recycle waste water are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the water filtration industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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SOURCE Newater Technology, Inc.