ZHENJIANG, China, May 23, 2017 /PRNewswire/ -- Delta Technology Holdings Limited (Nasdaq: DELT) today announced its strategic partner plan. Currently Delta has nearly released its full production capacity, but still cannot meet the market demand. Therefore, Delta is seeking strategic partners and is now contacting and negotiating with several large-and-medium-sized OCT/PCT manufacturers in China. Delta proposes to sell the OCT/PCT and the downstream products of the said manufacturers by signing exclusive sale agreements.
Thus, it can bring win-win results for both Delta and its strategic partners. Delta can make more profit by furtherly increasing its sales and expanding its market, while its partners can also increase their profits and get their payment steadily by furtherly releasing their production capacity, and increasing their yield and sales with Delta's strong sales ability and channels. Although the partners' unit profit will be less, they will face no violent and direct competition against Delta.
About Delta Technology Holdings Ltd.
Founded in 2007, Delta Technology is a leading China-based chemical company producing and distributing organic compounds. The end application markets of the Company's products include 380 clients in the automotive, pharmaceutical, agrochemical, dye & pigments, aerospace, ceramics, coating-printing, clean energy and food additive industries. Delta Technology has approximately 300 employees, many of whom are highly-qualified experts and technical personnel. The Company serves more than 380 clients in various industries and has announced its plans to move into the Biotechnology sector.
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