Newater Technology, Inc. Announces Termination of its Strategic Partnership with NW Blockchain Limited
YANTAI, CHINA / ACCESSWIRE / October 3, 2018 / Newater Technology, Inc. (NASDAQ: NEWA) (“NEWA,” “we,” “our,” or the “Company”), a developer, service provider and manufacturer of membrane ﬁltration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, announced today that it terminated its strategic partnership with NW Blockchain Limited (“NWBL”).
On January 16, 2018, NEWA issued a press release announcing the entry into a strategic partnership with NWBL, a blockchain developer focused upon environmental protection projects, to jointly develop blockchain applications to use in the wastewater treatment industry. As of the date of this press release and termination of the strategic partnership, NEWA has not taken any action with regard to this strategic partnership.
About Newater Technology, Inc.
Founded in 2012 and headquartered in Yantai, China, Newater, operating its business through its wholly-owned subsidiary Yantai Jinzheng Eco-Technology Co. Ltd (“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. Newater provides integrated technical solutions in engineering support and installation, technical advice and water purification services, and other project-related solutions to turn wastewater into valuable clean water. More information about the Company can be found at www.dtNEWA.com
The Company’s core business includes:
- Reuse of high quality reclaimed water;
- High-salt and high-polluting wastewater treatment and near zero-liquid discharge;
- Highly efficient treatment of Landfill leachate；
- Utilization of acid or alkali-containing wastewater as resources.
More information about the Company can be found at: www.dtNEWA.com
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. 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.
For more information, please contact:
Company Investor Relations
Zhuo Zhang CFO
NEWATER TECHNOLOGY INC.
Phone: +86 (535) 625-8200
Tracy Tang CFA, CPA
SINO-AMERICAN INVESTOR ADVISORY
Phone: +1 (646) 485-1040
SOURCE: Newater Technology, Inc.