ENGINEERING TECH

ReTo Eco-Solutions Completes Basic Engineering Design and Construction of Three-Million-Ton Iron Tailings Project

ReTo Eco-Solutions, Inc. | August 20, 2021

ReTo Eco-Solutions, Inc. a provider of technology solutions for the improvement of ecological environments, today announced that the Company, through its wholly owned subsidiary ReTo Mingsheng (Changjiang) Environmental Building Materials Co., Ltd., has entered comprehensive construction stage of a new iron tailings project (the "Project") in the Hainan Province. In an effort to recycle reusable solid waste, the Project carries a three-million-ton treatment capacity, in which the resulting product is expected to yield approximately RMB 280 million (approximately US$43.7 million) annual sales when production completes.

The design team, supervision team and construction team are currently stationing at the construction site and part of the Project has already been successfully completed. Specifically, as of the end of June 2021, the basic engineering design and construction of the factory building has been completed, including the leveling of the workshop area, the excavation of the workshop foundation, and the pouring of the foundation beams. The next stage will be to start the construction of the factory building and ground equipment foundation. The construction is expected to be completed by the end of September or early October this year.

As previously disclosed in press release on June 23, 2021, ReTo will design, build and manage a facility in the Hainan Province and this latest project will carry out the largest volume of iron tailings in Hainan. ReTo was selected by the local government because of its patented technology that enables the implementation and management of iron tailings secondary sorting, selection and use of iron ore, as well as its expertise in recycling the remaining ore and processing it into environmentally friendly building materials. The Company expects to generate RMB131 million  of gross profit from the Project.

Mr. Hengfang Li, ReTo's Chairman and Chief Executive Officer, commented, "We have been in the leader in the eco-environmental protection industry in the past decade, and the establishment and implementation of the Project has further improved our reputation in the industry tremendously. We will provide comprehensive recycling and reuse solutions to reduce destruction caused by waste to nature and eco-environment surrounding people's lives. This project will also demonstrate our concept of 'Ecology Improved by Technology,' which entails one-stop integrated solid waste utilization and ecological management strategy. We expect to create a better living environment for the Hainan residents."

About ReTo Eco-Solutions, Inc. 
Founded in 1999, ReTo, through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment.


Spotlight

We believe that data-driven marketing shouldn’t be confusing. Every company should know what works for their campaigns in order to make more ROI-driven decisions. At Directive, we not only craft customized campaigns for your unique marketing objectives - we exceed those objectives and truly revolutionize your digital presence. We pride ourselves on the comprehensive and in-depth nature of the campaigns we build. From the outset - we prioritize transparent and accurate tracking to get the best picture of how campaigns are performing.

Spotlight

We believe that data-driven marketing shouldn’t be confusing. Every company should know what works for their campaigns in order to make more ROI-driven decisions. At Directive, we not only craft customized campaigns for your unique marketing objectives - we exceed those objectives and truly revolutionize your digital presence. We pride ourselves on the comprehensive and in-depth nature of the campaigns we build. From the outset - we prioritize transparent and accurate tracking to get the best picture of how campaigns are performing.

Related News

DESIGN

ERI GROUP and LINK PRODUCT DEVELOPMENT ANNOUNCE MERGER

LINK | July 27, 2022

ERI Group, formerly Evergreen Research, a leader in end-to-end medical product design and development, quality assurance, regulatory affairs and contract manufacturing services, and LINK Product Development (LINK) an industrial design, engineering, and product design firm, announce that they have merged to strengthen their full-service product design and development offerings. The merger will create one of the most comprehensive medical, healthcare and wellness product development companies in the region, with an end-to-end suite of services from initial concept through moderate volume manufacturing that are unparalleled and genuinely provide a differentiated level of support for our clients. "This is an extremely exciting opportunity for ERI Group and LINK, and we are thrilled to extend our current working relationship with LINK and to bring their team's excellence and experience into the ERI Group, The merger of our two organizations and our investment in talent and technology will help us to better meet the growing needs of our clients, allowing us to add early development and industrial design capabilities to our existing depth of capability in mechanical, electrical, software and system engineering, quality, regulatory and manufacturing services. We are confident our newly formed partnership will have a positive impact on our clients, our teams and the delivery of innovative medical devices and health and wellness products to the marketplace." -Natasha Bond, president of ERI Group. As part of the merger, LINK founder, Marc Hanchak, and his team will become part of ERI Group. Marc will serve as Vice President of Product Development at ERI Group and continue to oversee industrial design, engineering, project management, and product design. The partnership between ERI Group and LINK will allow us to create a full-service company that is focused on innovation and is committed to delivering forward-thinking concepts to market, says Hanchak. LINK's mission to create products that improve people's lives matches the ERI philosophy of empowering visions for life-changing products. Our shared mission, parallel cultures, and commitment to our clients created the perfect opportunity to join our organizations into a stronger, integrated, and multidisciplinary firm focused on exciting advancements. About ERI Group- ERI Group provides development engineering, manufacturing, quality assurance and regulatory affairs services, spanning mechanical, electrical and software skill sets, for the next generation of health care, medical, laboratory and consumer wellness products and technologies. Focused on the advancement of health care at hospitals, acute care facilities, emergency rooms, first responder organizations, blood banks and in-home care since 1988, the company has empowered its customers to bring life-changing products to market. Clients of all sizes, from established corporations to early-stage companies, rely on ERI Group's expertise in all classes of medical devices and diagnostic instruments. Areas of specialty include fluidics and blood handling, embedded software and controls, advanced electrical and electronic engineering, mechanical engineering and design-for-manufacture, systems engineering and usability by design, integration of critical consensus standards for streamlined design approval and safety certifications, global regulatory approvals and more. ERI Group is situated west of Denver, Colorado, in Golden. About LINK- LINK is a Denver-based product development, industrial design, and engineering firm. LINK collaborates with entrepreneurs and businesses to bring new concepts to life through design, prototyping, testing, and manufacturing and to create products that improve people's lives.

Read More

ENGINEERING TECH

Altair Expands Electronic System Design Technology with Acquisition of Concept Engineering

Altair | June 15, 2022

Altair, a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems. Concept Engineering provides automatic schematic generation tools, electronic circuit and wire harness visualization platforms that provide on-the-fly visual rendering, and electronic design debug solutions. Concept Engineering's advanced, reactive visualization technology is a best-in-class solution to help organizations accelerate their designs that have specific design architecture requirements, as well as rigorous service needs. Integrating this technology into our electronic system design suite will offer our customers comprehensive and fast visual representations of complex system models and debug capabilities for electronic systems." James R. Scapa, founder and chief executive officer, Altair Concept Engineering's electronic system visualization and semiconductor design debug technology is available as a standalone solution and is also tightly integrated into more than 40 OEM design automation (EDA) and CAD tools to provide end users with smart debugging functionality while saving months of engineering time and support for computer aided tool development teams. Concept Engineering has customers in three primary market segments: Semiconductor design – Concept Engineering provides innovative electronic design debug solutions, enhancing semiconductor design quality and time to market. These solutions cover electronic systems, register transfer level (RTL), gate, and transistor design abstractions, for both analog and digital disciplines. EDA and CAD tool development – Concept Engineering's family of automatic schematic generation and visualization software components help software developers create smart and high-performance debugging cockpits, shorten software tool development cycles, lower software development and maintenance costs, and increase product quality of EDA tools. Industries with complex electrical systems – Concept Engineering provides advanced visualization of electrical circuits, wire harnesses, and components for rapid and reliable development, manufacture, and service for industries that require highly specialized debugging and visualization mechanisms for development and post-production product maintenance. These industries include automotive, aerospace, industrial and robotics, medical, transportation and logistics, and construction and agriculture. "With more than 30 years of experience, we are proud to have built tools and technologies that help electronic design engineers easily understand, debug, optimize, and document electronic designs," said Gerhard Angst, president and chief executive officer, Concept Engineering. "Being part of the Altair ecosystem will expand access to our tools at a time when the complexities surrounding electronic systems are greater than ever. We also look forward to continuing our deep and longstanding partnerships with our OEM clients." Concept Engineering's software will be integrated into Altair's Electronic System Design suite and available via Altair Units, which gives customers easy access to Altair's entire portfolio of software solutions. About Altair Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

Read More

CONSTRUCTION

Billd Announces Partnership with ConstructConnect to Significantly Strengthen Bid Strategies for Trade Contractors

ConstructConnect | June 29, 2022

Billd, the leading provider of material financing and pay app advancement for commercial trade contractors, today announced a partnership with ConstructConnect, a portfolio of software and services that combines a builders network, robust project data, and takeoff tools for construction professionals. This partnership will enable subcontractors using ConstructConnect to more easily secure approval on financing for projects. Combined, these services increase bid confidence and competitiveness, allowing trade contractors to take on more projects and grow their businesses. With this partnership, Billd's premier financing offerings are now readily available to trade contractors as they assess and bid on new projects. This allows trade contractors to plan their financial strategy for each project, reducing the risk of negative cash flow, which can be disruptive once a project reaches execution. By providing access to upfront cash solutions for materials, approved ConstructConnect customers will be able to lock in crucial materials as soon as projects are won, mitigating financial risk from unpredictable market fluctuations in cost and project delays from increased lead times. "Subcontractors have long struggled to gain access to working capital to maintain and grow business through traditional financial institutions, Our partnership with Billd informs subcontractors about the opportunity to secure material and labor payment financing while they wait for payment on work already completed. This should better position companies that require access to working capital to succeed and grow their businesses." -Jon Kost, Chief Strategy Officer of ConstructConnect. Billd has taken major strides in the construction industry to provide financing terms that align with payment cycles. Trade contractors and suppliers are typically the last to get paid, waiting on average over 83 days. A recent US market report from Billd that surveyed nearly 800 contractors found that 66% of contractors pay for materials and 82% pay for labor before receiving payment for their work. Billd works to help alleviate this financial burden through cash flow solutions that allow trade contractors to take on and execute more projects. "The lack of access to finance resources has shortchanged trade contractors for decades, causing limitations on their ability to maintain healthy cash flow, We're thrilled to bring financial options to more contractors through ConstructConnect's pre-construction portfolio. Together we will increase bidding confidence and support execution." -Chris Doyle, CEO of Billd. About Billd- Billd was started by Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance. Chris and Jesse were inspired to launch Billd to bring the financial power of Wall Street to the construction jobsite, allowing contractors to bypass project hurdles with access to upfront funds while enabling suppliers to sell more materials with less risk. For contractors who usually aren't paid until more than 83 days from purchasing materials, Billd provides 120-day terms so they can stabilize cash flow and more effectively grow their businesses. With a deep understanding of the construction industry, Billd knows traditional credit metrics are poor predictors for risk in this vertical segment and has built a variety of industry-specific proprietary analytic tools to better assess risk in the construction industry. About ConstructConnect- ConstructConnect is a leading provider of commercial construction information and technology solutions and is committed to transforming the way the construction industry does business by providing its customers the tools, information, and connections needed to drive their success.

Read More