On August 20 to 23, 2016, Mr. Hiram Hibbard, the Chairman of the Board of Directors, and Mr. Craig Morris, the Chief Executive Officer, the United Equipment Sales company (the United States of America), visited the Xiangtan Huaxing Materials Co., Ltd industrial concrete machinery fleet and negotiated the future joint work. UES is a distributor of concrete machinery in the United States and imposes very high demands for service and quality. After monitoring the operation of concrete pumps on construction site, our American guests were satisfied with the quality of our products and praised our equipment.
During the joint meeting, the two parties reached a consensus on the adaptation of our HTB-HX-50S stationary concrete pump to the US market and decided on joint development of a stationary concrete pump that complies with DOT, OSHA, and MSO certification requirements. It was decided that our company would independently conduct research in the field of market penetration. As a result of the meeting, the parties decided to sell more than 100 units per year. Thus, we can announce the entrance of our stationary concrete pumps to the US market as early as this year.