Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a leading developer of innovative and quality solutions in the material handling industry. They are the leading transmission and drivetrain systems provider for material handling equipment overseas, catering to over 100 OEMs.
Greenland Technologies is one of the many featured companies slated to present at The Microcap Conference 2024, set for Jan. 31-Feb. 1 at Caesars Atlantic City Hotel and Casino. This three-day conference presented by DealFlow Events features technical programming designed for microcap investors and a presenting company track for pitching and socializing.
Established in 2006, Greenland Technologies systems are used in equipment such as forklift trucks for industrial and logistic applications. By 2018, the company had sold more than 91,000 sets of transmission systems.
“Over the years, we have gained the trust and loyalty of our clients through our emphasis and dedication towards quality and innovation, said CEO Raymond Wang.
The company has two core units – manufacturing drivetrains for material handling vehicles and the development of all-electric industrial vehicles.
“This year we’ll produce over 170,000 units at a $20 million profit,” Wang said. “It’s a very established, stable business.”
A US-based subsidiary manufactures electric heavy construction equipment. This includes loaders, excavators, machinery typically over 7,000 pounds that would be seen on a construction site.
“We’re about 10 years ahead of the rest of the world,” Wang said, referring to the company’s electric systems. “This is a $210 billion addressable market which will drive significant value for our shareholders.”
Greenland Technologies went public in 2019 via a SPAC deal. The company is headquartered in central New Jersey.
Greenland Technologies recently announced a winning bid with the Port of Baltimore to electrify their port equipment.
“This gives us an opportunity to market-capture other ports around the country,” Wang said. ”Everything else out there is diesel. We’re the only player with a sustainable electric solution. Our heavy line of business has an assembly facility in Baltimore where we produce all of our heavy machinery. Our goal is to have the product manufactured in the USA.”
With a strong focus on innovative solutions, the company invests in new technology to create disruptive products and solutions for the future.
In 2019, Greenland made a commitment to support clean energy technology by investing in research and development that embraces the trend of electrification in the material handling industry. This research led to a new line of drive train components specifically catered to lithium powered electric forklifts and light commercial electric vehicles.
In 2021, Greenland announced that they will be entering the electric industrial vehicle market. Under the subsidiary brand, HEVI, they will become a pioneer in the development and manufacture of all electric heavy industrial equipment such as front loaders and excavators. The GEL-1800 All Electric Front Loader & GEX-8000 All-Electric Excavator first arrived in United States at the end of 2021 and are commercially available for sale in the North American market. Their flagship GEL-5000 front loader was introduced in 2022.
Learn more at: www.gethevi.com
Tickets to the inaugural Microcap Conference 2024 are going fast. Reserve your seat now for three days of unsurpassed networking and technical discussions of the microcap sector with some of the best names in the business – institutional investors, finance-focused law firms, venture and private equity fund managers, deal advisors, PIPE funds, brokerage firms, investor relations professionals, accredited retail investors and many more. The conference schedule is also packed with entertainment and exciting activities set against the backdrop of Atlantic City’s bright lights.
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