Our products are marketed and sold globally in Europe, East Asia and Southeast Asia with plans to market our products and services in North America, however, we believe that our biggest market will continue to be within China. Currently, most of the households and apartment buildings in China use pipes made of polymerized vinyl chloride (“PVC”), due to its lower cost. However, as the general Chinese population begins to recognize the short lifespan of PVC and realize the potential health hazards of PVC pipes, due to its plasticizer and lead compositions, stainless steel pipes are projected to become real estate developers’ preferred material to ensure the delivery of high-quality water to each household.
Clean Water is a Top Priority in China. The seismic shift in population is having a significant impact on China’s urban infrastructure. 61.5% of ground water and 28.8% of key rivers are classified as unfit for human contact.1Over 20% of water supply is so polluted that it cannot be used for industrial or agricultural use – much less for human consumption (a factor that, combined with air pollution, causes an estimated 6% reduction in annual GDP, according to the World Bank).1 The Chinese Government has recognized this and has set aside $610 billion, to spend on water infrastructure between 2011 – 2030. In fact, one of the world’s most costly capital projects is the $68 billion North to South Water Diversion Project, which will link China’s four main rivers via more than 1,800 miles of pipeline, and divert water from the south of China to population centers in the north.