Hebron Technology Signs Strategic Memoranda of Understanding with Two US-Based Companies for Medical Device Projects


WENZHOU, China, July 30, 2018 (GLOBE NEWSWIRE) -- 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 that the Company signed nonbinding memoranda of understanding (“MoUs”) with US- based Bionic Sound, Inc. and VOR Sense, Inc. to collaborate on medical device projects. These MoUs were signed during the recent trip by a technology delegation led by Mr. Newell Arnerich, Mayor of Danville, California.

The Company signed an MoU with Bionic Sound, Inc., a smart hearing aid research and development company, for strategic collaboration on projects related to hearing aid devices. In addition, the Company signed an MoU with VOR Sense, Inc., for strategic collaboration on projects related to diagnostic medical equipment.

Mr. Anyuan Sun, Chairman and Chief Executive Office of Hebron, commented, “We are honored to host a group of business and academic experts from Silicon Valley, U.S., who are seeking collaboration with Hebron with regard to the Chinese healthcare market. Hebron will leverage our existing Chinese marketing resources, as well as our capability of working with American healthcare technology providers, such as Bionic Sound and VOR Sense, for the next stage of company’s growth.”

Mr. Anyuan Sun continued, “We are excited about the huge hearing aid market in China, the main target market of Bionic Sound. We are also interested in the bacteria contamination sensor being developed by VOR Sense. These MoUs help us initiate cooperation between Hebron and these American technology companies. We look forward to seeing where this collaboration leads all of us."

About Bionic Sound, Inc.

Bionic Sound, Inc. is a Silicon Valley startup company of hearing aid devices. It focused on harnessing the power of AI to bring comfort and clarity of speech to people suffering from age related hearing loss.

About VOR Sense, Inc.

VOR Sense, Inc. is a company focused on developing rapid detection technology for bacteria, virus, and protein.

About Hebron Technology Co., Ltd.

Established in January 2005 and headquartered in Wenzhou City, Zhejiang Province, China, Hebron Technology Co., Ltd. ("Hebron" or the "Company") engages in research, development, and manufacture of highly specialized valves and pipe fitting products for use in the pharmaceutical, biological, food and beverage, and other clean industries. The Company also offers its customers comprehensive pipeline design, installation, construction, and ongoing maintenance services as holistic solution services. For more information about the Company, please visit www.xibolun.com.

Forward-Looking Statements

This press release contains information about Hebron's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Hebron encourages you to review other factors that may affect its future results in Hebron's registration statement and in its other filings with the Securities and Exchange Commission.


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