HONG KONG, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Dragon Jade International Limited, (OTCQX: DGJI) a developer and marketer of next generation herbal and nutritional products and a supplier of medical devices and related health care services, announced today it has reached mutual understanding with a large indoor energy management company in China focusing on the medical facility market. Dragon Jade will assess and approve individual projects, provide financial support and create funding solutions for its counter-party who will act as an overall power management group in designing, installing and maintaining lighting, air conditioning, back-up power supplies and the control systems that operate in these environments. Initially this new power management division will supply the Second Hospital of Longyan in Xiamen with advanced electrical equipment and has received a follow-on maintenance contract for a term of six years.
The improvement of energy management systems, or EMS, is a central theme of the Chinese Government’s initiative to reduce energy consumption and increase efficiency across many industries. This theme reflects the global phenomenon of an increasing awareness through data analysis of enterprise inefficiencies giving rise to replacing aged or obsolete equipment. The new generation of smart technologies is more economical and environmentally friendly, yet still meets the demands of specialized facilities and is catered to the market with a practical solution.
“Due to our extensive network of hospitals, clinics and medical facilities along with our strong relationships within the financial community we began to search for the right projects to provide advanced products and services that could benefit these institutions financially and technologically.”, stated Dr. Steve Lai, CEO of Dragon Jade. “We have partnered with an established operator that has demonstrated an ability to supply and maintain energy efficient solutions to shopping malls, hospitals and other structures throughout China. The opportunity to solve matters of financing and leasing allows Dragon Jade to participate in these projects, which created the proper platform to expand Dragon Jade’s lines of business.”
About Dragon Jade
Dragon Jade International Limited and its subsidiaries ("the Group") is focused on identifying, developing and marketing the next generation of herbal and natural products that improve people's lives. The Group is positioned to leverage proven resources that allow us to assess, enhance and realize the commercial potential of herbal and biotechnological discoveries. The Group strives to develop and offer to the market the broadest selection of cost-effective healthy living products. More information on Dragon Jade, visit the Company's website: https://www.dragonjade.com/
Safe Harbor Statement
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Dragon Jade International Limited. Risks and uncertainties include, but are not limited to: challenges and uncertainties inherent in product research and development, including the uncertainty of clinical success and of obtaining regulatory approvals; uncertainty of commercial success; competition, including technological advances, new products and patents attained by competitors; challenges to patents; manufacturing difficulties or delays; product efficacy or safety concerns resulting in product recalls or regulatory action; changes to applicable laws and regulations, including global health care reforms; and trends toward health care cost containment.
A further description of risks and uncertainties can be found in Dragon Jade's Annual Report on Form 20-F for the fiscal year ended March 31, 2017, including in the sections thereof captioned "Risk Factors" and "Forward-Looking Information", which is filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and https://www.dragonjade.com/
PCG Advisory Group