Although many global touchscreen manufacturers remain closed
or operate at limited capacity, Wetouch has emerged as a reliable and high
quality supplier to both its existing and new customers after it resumed
operation in April 2020. Due to the increased demand and need by health
organizations around the globe in response to the COVID-19 pandemic. Wetouch
has seen a significant increase in orders. Wetouch shipped approximately
180,000 touchscreen modules custom designed for use in respirators, which
translated to approximately $4 million of sales during the second half of 2020.
In addition to stringent industry specific certifications
and qualifications, new manufacturers of touchscreens face significant
technology challenge and higher barrier of entry to manufacture touchscreens
for medical applications. Touchscreens for medical use are subject to higher
product and safety standards and specifications in terms of touch sensitivity
and responsiveness, product life and durability.
As early as 2017, Wetouch passed necessary certifications
for medical applications, including Ingress Protection 67 (“IP67”)
certification for water and dustproofing/resistance, FCC for U.S market, and CE
and RoHS for E.U. market. Wetouch’s touchscreens are well recognized by
customers for its industry leading product specifications. For instance, the
sensitivity of Wetouch branded products for medical use is less than 3
millisecond versus an average of 5 millisecond in the marketplace, lifetime
total single touches exceed 100 millions compared with 50 millions by most
other brands. Wetouch has adopted IP67 with greater level of water and
dust-proof and resistance instead of lower tiered rating IP65 by many
competitors.
“We take pride in Wetouch brand being a trusted name by our
Fortune 500 customers, such as Siemens, Omron and Canon as well as well
respected electronic industry leaders such as Delta Electronics. said Guangde
Cai, the CEO and Chairman of the Board of Directors of Wetouch. “Encouraged by
what we believe are sustainable growth opportunities, our management team is
planning ahead to execute few key strategic initiatives to maximize shareholder
value, including building out additional production capacity and developing new
products by leveraging our proprietary technology to serve fast-growth and
emerging industries.
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Securities Litigation Reform Act of 1995. These statements can be identified by
the fact that they do not relate strictly to historical or current facts.
Forward-looking statements often include words such as “anticipates,”
“estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words
and terms of similar substance in connection with discussions of future
operating or financial performance.
The Company’s forward-looking statements are based on
management’s current expectations and assumptions regarding the Company’s
business and performance, the economy and other future conditions and forecasts
of future events, circumstances and results. As with any projection or
forecast, forward-looking statements are inherently susceptible to uncertainty
and changes in circumstances.
The Company’s actual results may vary materially from those
expressed or implied in its forward-looking statements. Important factors that
could cause the Company’s actual results to differ materially from those in its
forward-looking statements include government regulation, economic, strategic,
political and social conditions and the risk factors set forth in the Company’s
Form 10 Registration Statement which can be viewed
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