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BEIJING - ReTo Eco-Solutions, Inc. (NASDAQ:RETO), a small-cap environmental solutions company with a market capitalization of $13.93 million, announced Tuesday that its subsidiary, Beijing REIT Equipment Technology Co., Ltd., has completed the shipment of an RT18A fully automatic production line to a repeat customer in the United Arab Emirates. According to InvestingPro analysis, the company currently trades below its Fair Value despite facing significant market challenges this year.
The UAE client, which first purchased ReTo’s RT15A production line in 2009, has now invested in the company’s upgraded RT18A model. The RT18A integrates automation control technology with an intelligent management system and energy-saving design features.
"We have always remained committed to a customer-centric approach and to driving continuous technological innovation," said Xinyang Li, Chief Executive Officer of ReTo, in a press release statement.
The company described the RT18A as its "latest high-end intelligent manufacturing solution" that aims to enhance production efficiency and reduce operating costs while meeting requirements for large-scale manufacturing.
ReTo Eco-Solutions, founded in 1999, focuses on ecological environment protection equipment and intelligent equipment through its Chinese operating subsidiaries. The company provides consultation, design, implementation and installation services for its equipment.
The announcement comes as ReTo continues to pursue its international business strategy. The financial terms of the equipment sale were not disclosed in the company’s statement.
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