WENZHOU, China, July 2, 2018 /PRNewswire/ -- Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a developer, manufacturer and installer of valves and pipe fittings for use in the pharmaceutical, biological, food and beverage, and other clean industries, today announced it has signed a contract for RMB13.3 million (approximately $2 million) with Laun Technology Co., Ltd., a leading solutions provider in the cleanroom industry, for the cleanroom project of Xiamen Changelight Co., Ltd.("Changelight") (SHE: 300102), a producer of full-color ultra bright LED epitaxial wafers and chips, high performance gallium arsenide solar cells, LED lighting products as well as an energy-saving lighting application solutions provider in China. Hebron will provide custom fabricated high purity cleanroom piping for the project. This marks the Company's first project in the optoelectronic semiconductor chip industry.
Founded in 2006, Xiamen Changelight Co. Ltd. listed on the Shenzhen Stock Exchange in 2010. Changelight possesses several wholly owned subsidiaries and holding or share-participation companies in Xiamen and Yangzhou and has offices in Shenzhen and Zhongshan. Changelight's product distribution network covers China and Southeast Asia.
The total investment of the Xiamen Changelight Co., Ltd. project is approximately RMB 5 billion. The project will be constructed in two phases. After the completion of the overall project construction, it will form a modern semiconductor chip manufacturing base with a projected annual output of 14.4 million blue-green chips. Laun Technology Co., Ltd.'s role in the project is to construct a cleanroom, a specially constructed room that minimizes airborne particles and controls other environmental parameters, for semiconductor manufacture. Hebron has been contracted by Laun Technology Co., Ltd.to provide the piping solution for the cleanroom, to ensure that the cleanroom piping prevents particle shredding through the piping system and provides precise gas delivery for the fabrication process.
Mr. Anyuan Sun, Chairman and Chief Executive Office of Hebron, commented, "Hebron has always been committed to providing a comprehensive process pipeline system and engineering design, installation and service for biotechnology, pharmaceuticals, food, semiconductors, fine chemicals and other areas. This new project marks an important step taken by Hebron to explore China's emerging semiconductor industry and high-tech fields. Through this project, the Company will stand out with our high quality and efficiency, build a model project for others, target emerging market resources for future expansion and deepen cooperation in new fields."
About Hebron Technology Co., Ltd.
Established in January 2005 and headquartered in Wenzhou City, Zhejiang Province, China, Hebron Technology Co., Ltd. ("Hebron" or the "Company") engages in research, development, and manufacture of highly specialized valves and pipe fitting products for use in the pharmaceutical, biological, food and beverage, and other clean industries. The Company also offers its customers comprehensive pipeline design, installation, construction, and ongoing maintenance services as holistic solution services. For more information about the Company, please visit www.xibolun.com.
Forward-Looking Statements
This press release contains information about Hebron's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Hebron encourages you to review other factors that may affect its future results in Hebron's registration statement and in its other filings with the Securities and Exchange Commission.
For more information, please contact:
In China:
Hebron Technology Co., Ltd.
Ms. Yingping Chen
Secretary
Phone: +86-180-6776-3129
In the United States:
Ascent Investor Relations LLC
Ms. Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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