Hebron Technology Signs $2 Million Contract with LaunTechnologyto SupplyPiping for Cleanroom Project of Xiamen Changelight


WENZHOU, China, July2, 2018 /PRNewswire/ -- Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a developer, manufacturer and installer of valves and pipe fittings for use in the pharmaceutical, biological, food and beverage, and other clean industries, today announced it has signed a contract for RMB13.3 million (approximately $2 million) with Laun Technology Co., Ltd., a leading solutions provider in the cleanroom industry, for the cleanroom projectof Xiamen Changelight Co., Ltd.(“Changelight”) (SHE: 300102),a producer of full-color ultra bright LED epitaxial wafers and chips, high performance gallium arsenide solar cells, LED lighting products as well as an energy-saving lighting application solutions provider in China.Hebron will provide custom fabricated high purity cleanroom piping for the project. This marks the Company’s first project in the optoelectronic semiconductor chip industry.

Founded in 2006, Xiamen Changelight Co. Ltd.listed on the Shenzhen Stock Exchange in 2010. Changelightpossesses several wholly owned subsidiaries and holding or share-participation companies in Xiamen andYangzhou and has offices in Shenzhen andZhongshan. Changelight’sproduct distribution network covers China and Southeast Asia.

The total investmentof the Xiamen Changelight Co., Ltd. project is approximatelyRMB 5 billion. The project will be constructed in two phases. After the completion of the overall project construction, it will form a modern semiconductor chip manufacturing base with a projectedannual output of 14.4 million blue-green chips.Laun Technology Co., Ltd.’s role in the project is to construct a cleanroom, a specially constructed room that minimizes airborne particlesand controls other environmental parameters, for semiconductor manufacture. Hebron has been contracted by Laun Technology Co., Ltd.to provide the piping solution for the cleanroom, to ensure that the cleanr.


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