Metech International Limited
(Incorporated in the Republic of Singapore)
(Company Registration Number 199206445M)
PRESS RELEASE
Collaboration with Technology Subsidiary of Shenzhen-
Listed Han's Laser to Develop New Laser-based Robotics and Machine Automation Solutions for Industrial Applications with Lab-Grown Diamonds
- A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds are a sustainable source of this important material
- AET has the technological capabilities to produce the highest grade of lab-grown diamonds
- Listed on the Shenzhen Stock Exchange with a current market capitalisation of RMB 50 billion, Han's Laser develops, manufactures, and markets a wide range of laser-based products used in various industrial applications
Singapore, 7th December 2021 - SGX-listedMetech International Limited ("Metech" or the "Company", and together with its subsidiaries, the "Group"), is pleased to announce that its joint venture company, Asian Eco Technology Pte. Ltd. ("AET") ("亚洲易高生态科技有限公司") has entered into a collaboration with 深圳市大族机器人有限公司, a technology subsidiary of Han's Laser Technology Industry Group Co., Ltd. ("Han's Laser"), to jointly research and develop new laser-basedrobotics and machine automation solutions for industrial applications using lab-growndiamonds.
Established in 2017, Shenzhen-based深圳市大族机器人有限公司 has a team of more than 100 researchers specialised in robotics and machine automation technology and it is primarily involved in the research and development, marketing and commercialisation of laser-based robotics and machine automation solutions for a diverse range of industries, such as healthcare, logistics, tertiary, among others.
Han's Laser was established in 1996 and listed on the Shenzhen Stock Exchange since 2004. With a workforce of more than 10,000 employees, Han's Laser develops, manufactures, and markets a wide range of laser-based products used for cutting, welding, marking, and drilling a wide range of industrial materials. Han's Laser has a current market capitalisation of approximately RMB 50 billion. For more information on Han's Laser, please visit https://www.hanslaser.com/
Ms. Samantha Hua, Deputy Chief Executive Officer and Executive Director of Metech, said: "Laser welding and cutting cannot be done by hand, hence robotics and machine automation are an integrated part of a laser-basedproduct.
With diamond's ability to dissipate heat more quickly than other optical materials and is transparent across a broad spectrum, we look forward to collaborate closely with Han's Laser subsidiary to develop more powerful laser devices that have the potential to meet demands in various industrial applications such as healthcare, semiconductor, materials processing, etc."
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About Metech International Limited
(Bloomberg: CENR:SP / Reuters: METE.SI / SGX Stock Code: V3M)
Listed on the Singapore Stock Exchange, Metech International Limited ("Metech") has a multi-pronged business model that aligns with the macro trends in the area of environmental and sustainability.
While proactively evaluating new business opportunities to broaden its business model, Metech continues to build on its capabilities and extend the value propositions of its business units.
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Issued on behalf of Metech International Limited by 8PR Asia Pte Ltd.
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email:alex.tan@8prasia.com
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This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd. at 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.