NEW YORK, NY and SHENZHEN, CHINA- February 24, 2014 - AJ Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer, manufacturer and distributor of green energy, announced today that it has reached a manufacturing agreement with Dalei Auto Group, an industry leader in the field of motor vehicle research and development, which has led to it being the recipient of the National Science and Technology Progress Award in the area of auto detection.
Per the agreement, AJ and Dalei Auto Group will jointly design and manufacture new energy and energy efficient vehicle components. With the strong backgrounds of both companies in R&D, the combined resources will allow for pioneering innovation in automobiles that are environmentally friendly and still function at a high value. The new energy technology will not only add an extra layer in the field of renewable application, it will also change the way the automobile industry is heading. Both parties agree that this joint venture is in the best interests of their respective companies, the field of renewable science, and the world.
Ms. Chu Li An, Chief Executive Officer, commented, "We are pleased to be working with Dalei Auto Group on this endeavor. We believe that the strong technology background of Dalei combined with the market presence and research capabilities of AJ Greentech will give us an incomparable advantage in the field of green technology. This project is not only compliant with US government policy initiatives in the area of green technologies, it will simply revolutionize the field."
About Dalei Auto Group:
Dalei Group is one of the biggest manufacturers and suppliers of motor vehicle detection equipment, computer control systems and industry software products in China. The only national company won National Science and Technology Progress Award in auto detection industry. Since 1989, Dalei has established many national and provincial auto detection stations which total more than 10,000. Dalei has participated in the setting of industry and national standards. The detection and maintenance products manufactured by Dalei have won more than ten national patents and computer software copyrights. Those products have been recommended by the transport and police ministry. The company is comprised of a 40-person R&D team, made up of industry experts and high level engineers. Additional information about the company is available at: www.daleigroup.com
About AJ Greentech Holdings:
AJ Greentech Holdings is a full-service environmental technologies and R&D firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of green energy, environmental protection and sustainability. It offers innovative solutions for Green Transportation, Green Energy and Sustainability. It integrates its own native advanced technologies along with third-party technologies and systems to provide its customers with the most effective and economical solutions. Additional information about the company is available at: www.ajgreentech.com.
Forward-Looking Statements: This release contains certain "forward-looking statements" relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
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SOURCE: American Jianye Greentech Holdings, Ltd.