Tanke, Inc. Signs Commercialization Agreement

Environmentally Friendly Cold-Printing Technology

GMT 05:18 2015 Thursday ,23 April

Sriyadithatextile - Environmentally Friendly Cold-Printing Technology

EcoFriendly cold printing technology
Courtesy Google

Tanke, Incorporated (OTC PINK: TNKE), a diversified holding company focused on emerging technologies and "cleantech," is pleased to announce the signing of a joint venture agreement (JV) with Gaiqi Textile & Printing Co., Ltd ("Gaiqi"), a leading China Textile Company, to commercialize Gaiqi's patented proprietary, cold-printing technology.

The joint venture furthers Tanke's commitment and involvement into the cleantech industry. The proprietary cold-printing technology aims to solve an imminent $25 billion problem in a $625 billion apparel manufacturing industry1. The technology, promises to eliminate the traditionally contamination-prone dyeing process, thus creating instant economic value from both a societal/environmental standpoint, as well as a net profit standpoint. Furthermore, the proprietary technology has converted a two-step process into one, with the cold pressing being able to print without the addition of heat or paper. With an estimated 65 percent of the world's clothing being manufactured in China, and approximately 20 percent of industrial water pollution in China, coming from traditional textile dyeing and treatment, this new technology represents an industry breakthrough. 72 toxic chemicals in China's water originate solely from textile dyeing, with 30 of these chemicals being unable to be removed3.

"We are very satisfied with the commencement of our strategic partnership with Gaiqi. Gaiqi is an established player, with a reputable 20 plus year history, in the highly competitive textile industry in China. The agreement for the commercialization and deployment of the environmentally friendly, cold-printing technology further entails the inclusion of certain other properties of Gaiqi, which cumulatively have a reported value in excess of 400 million RMB. Furthermore, as part of the agreement, we also intend to introduce international best practices and standards to Gaiqi to improve the products global competitive advantage," Stated Carrie Zhang, CEO of Tanke, Inc.

The global textile chemicals market was valued at USD 19.66 billion in 2013, expected to reach USD 25.4 billion by 2020, expanding at a CAGR of 3.7% from 2014 to 2020, according to the market report: Textile Chemicals Market -- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 20202. Furthermore, according to the World Bank 17 to 20 percent of industrial water pollution in China, comes from textile dyeing and treatment. For China, who is a global textile industry leader, who accounts for more than one third of global textile exports4, the continued ramifications of traditional textile dyeing manufacturing, has rendered its sustainability unfeasible. Furthermore, recent government mandates and quotes to curb the environmental damage being caused, has propelled industry leaders to adopt clean technologies and environmentally friendly business practices5.

"Partnering with Tanke is mutually beneficial. It hastens our ability to productize, commercialize, and deploy our patented environmentally friendly cold-printing technology," stated Mr. Yanzhu Wang, Founder and CEO of Gaiqi Textile & Printing Co., Ltd.

Tanke's investment and assistance into the commercialization and deployment of Gaiqi's cleantech cold-printing machinery will also include: incubation and assistance including legal, financial advisory, patent protection for proprietary technologies, and market rollout.

"China, being a dominant global leader in textile manufacturing for some time now, has also regrettably suffered major environmental consequences, particularly relating to the traditional textile dyeing manufacturing processes. Gaiqi has developed an incredible technology in the form of its patented cold-printing technology, which solves a major issue in the China, as well as global textile manufacturing industry as whole. We firmly believe that this patented cold-printing machinery is a revolutionary game changer, specifically in China, with far reaching impact on a global scale. Tanke is pleased to be a key investor and partner in this important initiative, which is in alignment with Tanke's mission to develop environmental technologies that solve major global problems and have far reaching impact," added Carrie Zhang, CEO of Tanke, Inc.

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