MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 25, 2005--TTCM China, Inc. (Pink
Sheets: TTCH - News )
developed a superior pipe for water systems, and swiftly captured 30% of the
Chinese market. Now the company has perfected its patented pipes for use in
oil and gas applications as well, broadening its market for pipes to at least
double, according to Jiqun Wang, Chairman and President.
"The fast-rising demand for energy in China has
created an energy industry need for technologically
advanced pipes that is virtually unlimited. Add to
that need, the requirements of the mushrooming international
energy industry, and what TTCM China will serve,
is a vast untapped market of huge profitability," Wang
said.
The news comes on the heels of Tuesday's newsbreak
that TTCM China is seeking a government license and
making arrangements to mine and process the rare
and valuable metal, vanadium.
TTCM's
products for both water and oil & gas
have attracted international attention from buyers
and distributors in every part of the world, including,
but not limited to, the United States.
The superiority of TTCM's glass-reinforced plastic
pipe was the result of a decade of research and invention,
harnessing new material and production technologies
to the demand of the 21st century. The company revolutionized
water systems with pipelines of high quality, long
life cycle and efficiency. TTCM holds three patents
on the pipe, and more are pending.
The pipe boasts smooth inner walls that offer minimal
resistance to liquid flow, reducing the energy cost
of transmission to a level much lower than concrete
and metallic piping. TTCM's pipes receive benefits
from the company's unique wet sand inclusion technique,
which resolves any problems of gumming and pollution,
and all other types of problems that may be present.
Its Nanotechnology increases the pipe's strength
and helps prevent the breeding of bacteria.
"TTCM'S technological inventions, in both material
and production process, enable us to deliver superior
products to our customers and ensure our solid market
position in our space. Our product lines now can
be used for much broader applications, such as gas
lines and oil lines. We are committed to maintaining
our technological advantage and competitive edge
to allow us to grow in both vertical and horizontal
markets," Wang said.
"This is just the beginning!" the
TTCM president states.
About TTCM China
Founded in 1995, TTCM's core business is the production,
processing and sales of glass-reinforced plastic
pipes wrapped with sand inclusion and glass-reinforced
plastic products. Its primary products include various
types of regular and high-pressure pipes, fittings,
round containers, cooling towers, and fans. The Company
is also engaged in the development and production
of new high polymer synthetic material.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein,
the statements in this release are forward-looking
statements that are made pursuant to the safe harbor
provision of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements involve known
and unknown risks and uncertainties that may cause
the company's actual results in future periods to
differ materially from forecasted results. Such risks
and uncertainties include, but are not limited to,
market conditions, competitive factors, the ability
to successfully complete additional financings and
other risks.
Contact: TTCM China, Inc., Houston Jack
Burney, 512-862-9990 e-mail: TTCH@CorpIR.com
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