Sincerity Applied Materials Holdings Corp. (OTC:SINC) Stock In Focus After Supply Agreement
The chemical industry continues to go from strength to strength, and naturally, investors are almost always on the lookout for stocks in the sector. One of the companies from the sector that could be worth looking into at this point in time is Sincerity Applied Materials Holdings Corp. (OTC:SINC). On Wednesday, the company had been in the news cycle after it announced that it had gone into a strategic supply agreement for the latest chemical innovation that it had created. The new innovation would enable the transformation of traditional chlorine pools to saltwater pools.
As per the terms of the agreement, the company would prepare and ship the first five containers of the product to New Zealand and Australia. The containers are expected to reach their destinations by the end of this year.
In this context, it ought to be mentioned that saltwater pools have become hugely popular owing to their lower maintenance, better feel on the skin, and lowered dependence on harder chlorine-based chemicals. As opposed to chlorine pools, these pools deploy a saltwater generator, which generates chlorine but in a much more consistent way and of a gentler variant. That leads to less irritation and exposure to chemicals for those who swim in the water.
That makes saltwater pools a far more environmentally responsible and healthier option for pool operators. Sincerity Applied Materials managed to come up with an advanced, leading-edge solution that used proprietary technology, which helped in the simplification of the conversion of existing chlorine pools into saltwater pools.
In the news release, the company noted that it was excited for having been able to bring the innovative technology to the market and send over its first shipment to New Zealand and Australia. It may be a good time to add the Sincerity Applied Materials to your watch lists.
