Bakhu Holdings
Bakhu Holdings Corp. is a public company that plans to enter the green energy business by acquiring a solar manufacturer that is based in China. The company that Bakhu Holdings Corp. plans to acquire is Shenzhen Xinhonglian Solar Energy Co., Ltd. (SXSE). The completion of the merger between Bakhu Holdings Corp. and SXSE is contingent on the completion of an audit by a PCAOB designated accounting firm, which is followed by the transfer of SXSE's assets to a Hong Kong based company.
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Bakhu wins ZTE order for solar chargers through future subsiduary
Bakhu Holdings Corp. (OTC: BKUH) today announced that the company it plans to merge with, Shenzhen Xinhonglian Solar Energy Co. (SXSE), has reached an agreement with ZTE to manufacture solar chargers that are built into phones and directly charge ZTE cell phones when exposed to light.
The initial order is for 600,000 units representing significant revenue to the company. ZTE has indicated they could be ordering over 6 million additional units over the next 12 months.
ZTE is the largest mobile phone maker in China and the sixth largest in the world.
Mr. Xinan Zeng, the founder and CEO of SXSE and CEO of Bakhu Holdings Corp., said: "SXSE is currently negotiating the total number of units they will supply ZTE, but this represents a significant opportunity for SXSE and recognizes the company's competence in research, development and manufacturing."
Once the merger is completed, Bakhu Holding Corp will change its name to Bakhu Solar Corp. and will continue to pursue the same successful, aggressive growth strategy that was implemented by SXSE, a profitable private company that was established in 2002 in Shenzhen.
Since its inception, SXSE built its business by manufacturing a wide range of solar products for commercial and consumer applications. In 2004, the company compounded its success by expanding to make PV solar panels. Today, the company produces PV solar panels and a wide array of solar products, all of which use solar cells as the power source.
SXSE manufactures and sells 35 different PV solar panels, ranging from 10W (watts) to 250W. These PV solar panels are used in both industrial and residential applications. SXSE uses high quality solar cells which it purchases from cell manufacturers in Japan and Taiwan. Solar products manufactured by the company for commercial and consumer use include portable lights for various applications, lane markers, solar street lights, solar traffic lights and battery chargers.
