Zhiti New Materials: Insulating Fireproof Material Cooperation Not Yet Mass-Produced or Generating Revenue
Zhitex New Materials stated on February 26 in the interactive platform that the heat-insulating and fireproof materials it cooperates with have not been mass-produced yet, nor have they generated revenue. The company has not established related production lines in Hefei, and has not provided samples for testing to CATL. The cooperating party is currently advancing the relevant patent application process. The strategic cooperation agreement signed with PIVI Company in the Philippines is a framework agreement, and the current procurement intentions of the cooperating party are mainly focused on the company's existing main building materials. The actual situation will be based on the specific purchase agreements, orders or other written documents to be signed in the future. The company has related business development in overseas regions such as Saudi Arabia and Malaysia, but has not involved the heat-insulating and fireproof materials business.
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