$WUHN Wuhan General Group/SDT Holdings (OTC PINK:
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Posted On: 08/14/2018 7:36:45 AM
$WUHN Wuhan General Group/SDT Holdings (OTC PINK: WUHN) Reports 140% Revenue Increase in its Consulting DivisionPress Release | 08/13/2018
MONTREAL, QC / ACCESSWIRE / August 13, 2018 / Wuhan General Group (China), Inc./ SDT Holdings, Inc. (OTC PINK: WUHN) (the "Company"
, an industrial technology company focused on creating industrial batteries and electric equipment for the mining, construction and agricultural industries announced today that for the period ended June 30, 2018, gross revenue from its consulting services division increased 140 percent as compared to the same period in the previous year. Gross revenue for the period ended June 30, 2018 was $154,000 as compared to $64,000 for the same period in the previous year. In addition, the company has begun to see positive cash flow in the second quarter of 2018.
"Our consulting-services team achieved a strong six months characterized by solid revenue growth and major core development, while navigating this challenging phase of going public," said CEO Ramy Kamaneh.
Mr. Kamaneh continued, "As many industries move away from gas and diesel power and adopt electric vehicles and other equipment, we expect to see a pattern of high double digit revenue growth going forward. Our deep understanding of the specifications for these industrial batteries along with the in-field operations of various industries allows us to have a competitive advantage when we are asked to provide a solution for some of North America's largest companies."
About SDT Holdings, Inc.
SDT Holdings, Inc. is a Nevada corporation engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT's deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.
By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.
SDT Holdings, Inc. is also exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.
SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com
For further information contact:
Contact: Bruce Haase - Public Relations
Phone: (514) 928-7368 Ext 6
E-mail: info@sdtholdings.com
MONTREAL, QC / ACCESSWIRE / August 13, 2018 / Wuhan General Group (China), Inc./ SDT Holdings, Inc. (OTC PINK: WUHN) (the "Company"
, an industrial technology company focused on creating industrial batteries and electric equipment for the mining, construction and agricultural industries announced today that for the period ended June 30, 2018, gross revenue from its consulting services division increased 140 percent as compared to the same period in the previous year. Gross revenue for the period ended June 30, 2018 was $154,000 as compared to $64,000 for the same period in the previous year. In addition, the company has begun to see positive cash flow in the second quarter of 2018. "Our consulting-services team achieved a strong six months characterized by solid revenue growth and major core development, while navigating this challenging phase of going public," said CEO Ramy Kamaneh.
Mr. Kamaneh continued, "As many industries move away from gas and diesel power and adopt electric vehicles and other equipment, we expect to see a pattern of high double digit revenue growth going forward. Our deep understanding of the specifications for these industrial batteries along with the in-field operations of various industries allows us to have a competitive advantage when we are asked to provide a solution for some of North America's largest companies."
About SDT Holdings, Inc.
SDT Holdings, Inc. is a Nevada corporation engaged in the research, development and manufacturing of industrial battery technologies and electric Material handling equipment (eMHE) to assist the mining, construction and agricultural industries in eliminating greenhouse gas (GHG) emissions by moving from diesel power to a battery-powered energy source. SDT's deep understanding of battery chemistry and the in-field operations for industries such as the underground mining industry, gives it a competitive advantage to become a leader in the development of this space as well as in assisting these industries in their adoption to battery powered material handling equipment.
By complementing its industrial batteries and eMHE with predictive maintenance using artificial intelligence and hardware (Internet of things), SDT can effectively manage and coordinate a full-scale battery-powered operation and charging infrastructure 24-7 at some of the most remote locations in the world.
SDT Holdings, Inc. is also exploring the research and application of blockchain technologies to the mining, agriculture and construction industries.
SDT Holdings, Inc
Publicly traded company (OTC Pink: WUHN)
Website: www.sdtholdings.com
For further information contact:
Contact: Bruce Haase - Public Relations
Phone: (514) 928-7368 Ext 6
E-mail: info@sdtholdings.com
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