Small Cap Market Update from SmallCapVoice.com
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Hot Stocks To Watch
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Company: GreenChek Technologies Inc. (OTCBB: GCHK)
Last Trade:
Price: 0.34
Change (%): + 0.04 (13.33)
Volume: 45,500
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Recent News
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GreenChek Expands Manufacturing to China
GreenChek Technologies Inc. (OTCBB:GCHK), a leading globally focused provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications, is pleased to announce that Tianjin Sherma in Tianjin, China, has committed a 4,000 square foot facility in Tianjin, China, for the manufacture of GreenChek’s ERD technology. Management anticipates that the new state-of-the art manufacturing plant will be operational in eight weeks.
Management and its engineering team have determined the production capacity for the facility to be 1050 units per production line per month. At current prices, this translates into roughly $50.4 million dollars in annual revenue per production line, at full capacity.
This step in the strategic plan is designed to move GreenChek rapidly towards becoming a dominant player in emission reduction technology. GreenChek is confident that given its projected sales forecast and marketing initiative in North America, combined with its growing network in Europe, that it is uniquely positioned to benefit from the extraordinary combination of historic and steadily increasing traditional energy costs and the global demand to drastically reduce emissions.
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