NANCHONG, China, June 23 /PRNewswire-Asia-FirstCall/ -- American Nano Silicon Technologies, Inc. (OTC Bulletin Board: ANNO) ("American Nano" or "the Company"), a leading manufacturer and distributor of Micro-Nano Silicon, a basic raw material for detergents and other applications in the chemical industry, announced today that the Company has entered into a sales agreement with Sichuan Juxing New Material Co., Ltd ("Sichuan Juxing"). The agreement states that American Nano will distribute its main product, micro nano silicon, to Sichuan Juxing as the accelerator agent for cement in the construction industry.
According to the sales agreement, Sichuan Juxing will acquire 2000 tons of micro nano silicon every month over the next two years at a selling price of Renminbi 950 per ton (or approximately 140 USD per ton). The sales agreement totals about Renminbi 45.6 million (or approximately 6.6 million USD). In addition, 2000 tons per month is the minimum amount the Company will supply to Sichuan Juxing with more than 2000 tons for particular months based upon Sichuan Juxing's operational needs.
"We are very pleased to sign a sales agreement with Sichuan Juxing," Mr. Pu Fachun, the CEO of the Company commented. "Compared to the most commonly used accelerator agent of cement, we believe the accelerator agent of cement that is based on our micro nano silicon technology is much more reliable, because of our advanced production process." Mr. Pu continued, "Today in China, we are the only company who produces accelerator agent of cement based on micro nano silicon technology, and we are also the only company that constantly produces accelerator agent under extremely high temperatures with a chemical rotary kiln. Nowadays, most manufacturers are still using lime rotary kilns, which results in smaller production and higher costs."
Mr. Pu also stated, "Sichuan Juxing, a leading manufacturer and distributor of new materials, is one of the largest operators in the material industry in Sichuan Province. Applications in the construction industry, as an accelerator agent of cement, have huge potential for our main product micro nano silicon. Working together with Sichuan Juxing will definitely increase the public awareness of our product as an accelerator agent, and will bolster the market share of our product in the construction material industry."
"The strength and special niche application of American Nano's main product micro nano silicon was the major factor in the decision making process of Sichuan Juxing's management team to sign this sales agreement with American Nano," said Sichuan Juxing Chief Executive Officer Mr. Chen Yuchun, "Sichuan Juxing intends to continue to cooperate with American Nano beyond this sales agreement."
About American Nano Silicon Technologies, Inc.
American Nano Silicon Technologies, Inc., through its 95%-owned subsidiary, Nanchong Chunfei Nano Silicon Technologies Co., Ltd., is engaged in the business of manufacturing and distributing Micro-Nano Silicon. Micro-Nano Silicon(TM) is adaptable to and widely used in many consumer and industrial products, including laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, etc.
About Sichuan Juxing New Material Co., Ltd.
Sichuan Juxing New Material Co., Ltd. is engaged in in manufacture and distribution of new construction materials, high effective environmental friendly material and concrete enforcement additives. Sichuan Juxing has a product portfolio with more than 20 different new materials. Sichuan Juxing's annual sales are about Renminbi 1 billion or approximately 146 million USD.
Safe Harbor Statement
This release may contain certain "forward-looking statements" relating to the business of American Nano Silicon and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions, including, but not limited to, statements regarding the continued demand for American Nano Silicon's products, American Nano Silicon's ability to sustain growth for the balance of the year and American Nano Silicon's ability to generally meet all of its objectives. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, and concentration in a single customer, raw material costs, market acceptance, future capital requirements, and competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in the Company's filings with the SEC. Except as required by law, American Nano Silicon will not update or alter its forward- looking statements, whether as a result of new information, future events or otherwise.
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SOURCE American Nano Silicon Technologies, Inc.