$TNKE Tanke Signs $30 Million Contract in E-Waste
Post# of 88923
Posted On: 04/28/2014 8:04:44 AM
$TNKE Tanke Signs $30 Million Contract in E-Waste
2014-04-28 07:45 ET - News Release ST. LOUIS, MO(eTeligis.com) Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS:TNKE) a diversified holding company focused on emerging technologies and "cleantech" is pleased to announced today signing of $30 million contract in the fast growing e-Waste industry.
Over 65 million tons of annual global e-waste is forecasted to be generated by 2017 with strong and continuous growth. Across the world, e-waste is already the fastest growing of all waste streams. In 2012, the most recent year for which reliable data exists, China alone generated 7.25 million metric tons of e-waste, which is 2nd only to the United States at 9.4 million tons.1
Under this contract, Tanke will provide management under the eManagement brand, and in partnership with E-Waste Systems Inc., bring state-of-the-art technologies and processes for the proper handling of electronics recycling, and electronic waste materials recovery andreuse on a global scale.
"Tanke was instrumental to helping us launch our China business last year and with their business network we are now dramatically expanding our joint commitment to the E-Waste strategy for this new year," said Martin Nielson, Founder and CEO of E-Waste Systems, Inc.Recently, Tanke announced a new investment in the amount of $2.3 million in the E-Waste Industry. The initial value of the deal is worth $800,000, plus royalties and a minimum $5,000,000 sales commitment that were fulfilled in record time.
By 2020, e-waste in China is expected to jump by 400% from 2007, while discarded mobile phones will be 7 times higher (UNEP).Profits for the emerging e-waste industry in China are forecasted to rise by over 300% reaching $10 Billion by 2017.
"We are very pleased with this contract.China being one of the fastest growing e-waste recycling and logistics markets in the world warrants our continued effort and focus. The results currently being yielded from our entry into China last year in E-Waste, has proven immensely lucrative. We are committed to support sustaining this momentum in E-Waste working closely with our partners," said Xiaoying Zhang, CEO of Tanke.
Additional information is available on the Company's website:www.tankeinc.comor contact Investor Relations at:IR@tankeinc.com
References:
1.http://www.greenwisebusiness.co.uk/news/global-green-technology-market-to-grow-to-396-billion-3148.aspx
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=U
2014-04-28 07:45 ET - News Release ST. LOUIS, MO(eTeligis.com) Tanke, Incorporated (OTC Pink: TNKE) (PINKSHEETS:TNKE) a diversified holding company focused on emerging technologies and "cleantech" is pleased to announced today signing of $30 million contract in the fast growing e-Waste industry.
Over 65 million tons of annual global e-waste is forecasted to be generated by 2017 with strong and continuous growth. Across the world, e-waste is already the fastest growing of all waste streams. In 2012, the most recent year for which reliable data exists, China alone generated 7.25 million metric tons of e-waste, which is 2nd only to the United States at 9.4 million tons.1
Under this contract, Tanke will provide management under the eManagement brand, and in partnership with E-Waste Systems Inc., bring state-of-the-art technologies and processes for the proper handling of electronics recycling, and electronic waste materials recovery andreuse on a global scale.
"Tanke was instrumental to helping us launch our China business last year and with their business network we are now dramatically expanding our joint commitment to the E-Waste strategy for this new year," said Martin Nielson, Founder and CEO of E-Waste Systems, Inc.Recently, Tanke announced a new investment in the amount of $2.3 million in the E-Waste Industry. The initial value of the deal is worth $800,000, plus royalties and a minimum $5,000,000 sales commitment that were fulfilled in record time.
By 2020, e-waste in China is expected to jump by 400% from 2007, while discarded mobile phones will be 7 times higher (UNEP).Profits for the emerging e-waste industry in China are forecasted to rise by over 300% reaching $10 Billion by 2017.
"We are very pleased with this contract.China being one of the fastest growing e-waste recycling and logistics markets in the world warrants our continued effort and focus. The results currently being yielded from our entry into China last year in E-Waste, has proven immensely lucrative. We are committed to support sustaining this momentum in E-Waste working closely with our partners," said Xiaoying Zhang, CEO of Tanke.
Additional information is available on the Company's website:www.tankeinc.comor contact Investor Relations at:IR@tankeinc.com
References:
1.http://www.greenwisebusiness.co.uk/news/global-green-technology-market-to-grow-to-396-billion-3148.aspx
http://www.stockwatch.com/News/Item.aspx?bid=...p;region=U
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