Business
ReTo Eco-Solutions Selected for High Visibility Chinese Expressway Project Linking 2022 Beijing Winter Olympics Competition Zones
BEIJING, July 10, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions
About this update from Reto Eco-solutions, Inc.
[{"type":"text","content":"BEIJING, July 10, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the \"Company,\" \"we\" or \"ReTo\") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced it was selected to install and maintain an eco-friendly, state-of-the-art wastewater treatment solution in Beijing. The project is part of the high visibility Yanqing to Chongli Expressway, which was built to link the Yanqing district of Beijing and the Chongli district of Zhangjiakou, two competition zones for the 2022 Beijing Winter Olympics. Construction of the initial station has been completed and is now in the testing phase. \nAs a Government green, environmentally friendly and energy saving demonstration project, the Expressway Management conducted a bidding process for pollution-free renovation of the first highway service station. ReTo, with environmental expertise and founded on the philosophy of Technology Improves Ecology, partnered with an established commercial construction company to win the project bid. ReTo is providing all the necessary equipment and technical services, as well as follow-up maintenance and management. Its partner is carrying out installation and construction.\nMr. Li Hengfang, ReTo's Chairman and Chief Executive Officer, commented, \"This win is a major validation of our proprietary ecological and environmental protection systems, which we believe provides us with a significant competitive advantage as we pursue other similar opportunities, including a 42 service station project under the Hebei Provincial Expressway Administration, which has an estimated total value of RMB 60 million. This contract is another example of the high-value opportunities we are pursuing as we continue to execute on our business strategy, expand our product line, drive growth and build value for shareholders.\"\nReTo's proprietary ecological and environmental protection equipment will be able to process up to 150 tons of daily sewage discharged from toilets, bathrooms and kitchens in the high-speed service area, with the effluent able to reach the Class 1 A standard of the \"Emission Standard for Pollutants in Urban Sewage Treatment Plants\" (GB18918-2002). \nIn addition, the comprehensive solution deployed combines an automatic equipment control module, cloud-based data collection an...