ZHENJIANG, China, Oct. 5, 2016 /PRNewswire/ -- Delta Technology Holdings Limited (NASDAQ: DELT) announced today that it has supplied an experimental sample of prothioconazole to a large pesticide manufacturer and trader in India. Prothioconazole is a germicide used to prevent and cure crop disease. The company views India as a country with significant growth prospects for its product.
It is estimated that 40 percent of the world's food crops are lost each year to plant diseases. Delta Technology believes manufacture and sale of this product, which is safe for humans and the environment, can assist greatly in feeding a hungry world.
Dr. Wang Xiaolong, a noted expert in the production of prothioconazole, who is assisting Delta Technology, said the client in India accepted a 100kg sample of the chemical and was satisfied with both its quality and purity. "Prothioconazole is a key for our future and Delta Technology continues to improve this important product as we move toward mass production. I have great confidence in the technology we have developed," Dr. Wang said.
At present, Delta Technology's experimental equipment can produce 500kg of prothioconazole per month. The Company is further expanding the scale of lab production from medium to large-scale and is working on the industrial design for mass production which it anticipates starting in the third quarter of 2017.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology 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.
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SOURCE Delta Technology Holdings Limited