ZHENJIANG, China, Jan. 3, 2017 /PRNewswire/ -- Delta Technology
Holdings Limited (NASDAQ: DELT) today announced it has entered into a long-term
contract to provide a monthly supply of 40 tons of
2-chlorobenzaldehyde (OBCA) to Changzhou Tronly New Electronic
Materials Co., Ltd. (Shenzhen Stock Exchange: 300429).
This is a multi-million dollar contract for Delta Technology
Holdings. Changzhou Tronly is a major manufacturer in the
high-technology industry with a market value topping $1.2 billion (U.S.). 2-chlorobenzaldehyde is
primarily used in medicines and pesticides.
Changzhou Tronly also manufactures products for the manufacture
of printed circuit boards, liquid crystal displays and for the
semi-conductor and other industries. Its products are sold
and patent-protected in China, the balance of Asia, and Europe.
"There is a great priority
placed on the purity and stability of the raw materials provided,"
said Shi Weiping, head of the Sales
Department at Delta Technology. "That's why we are so pleased that
Changzhou Tronly recognizes the advantages Delta Technology
presents in production technology and product quality control and
has chosen our company to be its exclusive supplier of OBCA
products."
"This is an important contract for Delta Technology, showing
that our Company's production technology and quality control
have been recognized by a prominent
high-tech company. This is a promising new market for Delta
Technology and we are pleased to share this news with our
investors," said Mr. Shi.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology Holdings Ltd. is a leading
China-based fine and specialty
chemical company producing and distributing organic compound
including para-chlorotoluene ("PCT"), ortho-chlorotoluene ("OCT"),
PCT/OCT downstream products, unsaturated polyester resin ("UPR"),
maleic acid ("MA") and other by-product chemicals. The end
application markets of the Company's products include Automotive,
Pharmaceutical, Agrochemical, Dye & Pigments, Aerospace,
Ceramics, Coating-Printing, Clean Energy and Food Additives. Delta
has approximately 300 employees, 25% of whom are highly-qualified
experts and technical personnel. The Company serves more than 380
clients in various industries.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements preceded or followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "intends," "projects," "estimates," "plans," and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this release also include statements about business and economic
trends. Investors should also consider the areas of risk described
under the heading "Forward Looking Statements" and those factors
captioned as "Risk Factors" in DELT's periodic reports under the
Securities Exchange Act of 1934, as amended, or in connection with
any forward-looking statements that may be made by DELT.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/delta-technology-holdings-limited-signs-supply-contract-with-large-chinese-manufacturer-300384175.html
SOURCE Delta Technology Holdings Limited