MONTREAL, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- SDT Holdings, Inc. / Wuhan General Group
(China), Inc. (OTC PINK:WUHN) (the "Company").
The proposed state-of-the-art, large-capacity battery facility intends to leverage the newly electric
mining equipment market forecasted to reach $56 billion by 2022.
Strategic Development of Electrification Technology (SDET) is a Quebec-based enterprise that specializes in the research and
development, prototyping, benchmarking and piloting of industrial batteries. The company also produces low-cost, high-performance
battery cells designed for a wide range of heavy-duty industrial electric equipment. These cells are known to have exceptional
autonomy and ultra-rapid recharge capabilities, without any degradation or loss of lifecycle.
The Company announced today that it plans to build a R&D laboratory and battery factory, subject to the receipt of mandatory
governmental permits along with the solidification of required debt and equity financing. "We are currently in discussion with
partners and city officials," stated Ramy Kamaneh, CEO of SDT Holdings, Inc.
The key companies profiled to use the batteries produced in the new factory include Caterpillar Inc., Komatsu Ltd., Sandvik, Joy
Global Inc., Hitachi Construction Machinery Co. Ltd., Atlas Copco and AB Volvo.
The Company anticipates the construction to begin no later than the second quarter of this fiscal year. Phase One is estimated
to take five months to complete and Phase Two, nine months. Once fully operational, the facility is projected to be a home base for
25 new permanent jobs with the expectation that more jobs will be created as production ramps up.
About the new factory announcement, Ramy Kamaneh states, "By building a cutting-edge battery factory along the Quebec mining
region, which is in direct proximity to lithium, graphite and other primary materials needed to build the battery, we put ourselves
in an advantageous supply situation, while reducing our costs significantly. By providing batteries to the mining industry both
nationally and internationally, forecast numbers show that we are poised to earn substantial additional revenues in the years to
come."
About
SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production and
commercialization of its four subsidiaries, specialized in these areas: mining electrification, cryptocurrencies / blockchain,
industrial batteries, internet of things and artificial intelligence for the industrial market. Dedicated to supplying quality,
innovative technologies and battery solutions, SDT Holdings services the transport, mining, agricultural, industrial and
earthmoving industries.
SDT Holdings, Inc
Publicly traded company (OTC Pink:WUHN)
Website: www.sdtholdings.com
For further information contact:
Phone: (514) 928-7368
E-mail: info@sdtholdings.com
Safe Harbour Statement - In addition to historical information, this press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the
intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business
operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results
may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences
include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client
discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with
respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market
price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within
this press release can also be found on the Company's website. The Company disclaims any responsibility to update any
forward-looking statements.