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Newater Technology Inc Announces Completion Of Merger
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Newater Technology, Inc Announces Completion of Merger
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Newater Technology, Inc Announces the Discharge of Injunction Against its Going Private Transaction
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NEW YORK, May 3, 2021 /PRNewswire/ Newater Technology, Inc. (NASDAQ: NEWA) ( NEWA, we, our or the Company ), a leading company specializing in development, production and application of DTRO equipment and systems used in waste water filtration, today announced its financial results for the year ended December 31, 2020.
The year ended December 31, 2020 Financial Highlights (all comparisons to the year ended December 31, 2019):
Revenues increased by 36% from $37.6 million to $51.16 million in 2020, our revenue growth in the year 2020 resulted primarily from increased demand for our systems. These increases can be evidenced in the total revenue from project sales, number of end customers, and number of large-scale projects.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Newater Technology, Inc. Files Response to Lawsuit by Fulcan Capital Partners LLC
April 1, 2021 GMT
YANTAI, China, March 31, 2021 /PRNewswire/ Newater Technology, Inc. (NASDAQ: NEWA) (“NEWA”, or the “Company”), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced that the Company and its independent committee of the board of the directors (the “Independent Committee”) filed a Notice of Application and Certificate of Urgency with the Eastern Caribbean Supreme Court in the High Court of Justice, Virgin Islands (the “BVI Court”) in response to a lawsuit filed by Fulcan Capital Partners LLC, a Nevada limited liability company (“Fulcan”). Fulcan obtained on March 17, 2021 an ex parte order from the BVI Court enjoining a