On November 22, 2024, Eastern Time, our company completed a business merger with TMT Acquisition Corp (“TMTC”) (NASDAQ stock code: TMTCU, TMTC, TMTCR), a U.S. listed special purpose acquisition company, and began trading on the Nasdaq Stock Exchange with the stock code “ELPW”.
Ms. Liu Xiaodan, Chairman and CEO of the Company, said: “We are very pleased to complete the business combination with TMTC, which is an important milestone for Elong’s development. It is expected that this strategic move will accelerate the growth of our business. We firmly believe that listing on Nasdaq will push Elong to the forefront of the global market and is of great significance to Elong’s growth and expansion strategy. We look forward to taking this opportunity to accelerate the pace of innovation and development, while continuing to create value returns for the company’s shareholders.”
Since the company was founded, we have attached great importance to R&D investment, continuously introduced advanced technology and talents, and committed to creating core technologies with independent intellectual property rights. At present, the company has a number of patented technologies. The application of these technologies not only improves the quality and performance of products, but also lays a solid foundation for the sustainable development of the company. We have brought together top scientific research elites, who have made major breakthroughs in technologies such as high-power fast-charging power batteries and high-safety lithium battery energy storage systems with their extraordinary wisdom and unremitting efforts.
With leading technology and innovative solutions, the company provides customers with efficient and reliable products and services, helping customers improve their production efficiency and competitiveness. At the same time, the company is also actively expanding the international market and has established long-term and stable cooperative relations with customers in many countries and regions around the world.
Our successful listing on Nasdaq is an important milestone in the company’s development history. The funds raised from this listing will be like fresh water from the source, accurately injected into the innovation furnace of technology research and development, accelerating the iteration and upgrading of new products, allowing us to continue to lead the forefront of the new energy industry; at the same time, the company will also vigorously expand the global market territory, build a green energy ecosystem, promote the deep transformation of the company’s product structure and the vigorous development of technology research and development; in addition, we will further optimize the layout of the industrial chain, integrate high-quality upstream and downstream resources, reduce costs with scale effects, enhance product competitiveness, and provide global customers with better quality and more economical new energy solutions.
Looking ahead, we will continue to uphold the core concept of “innovation-driven, green development”, continue to adhere to the path of innovative development, continuously expand business areas, and improve product and service quality. We will increase investment in research and development, launch more innovative and competitive products, and meet the changing needs of customers. At the same time, we will also actively expand the international market, strengthen exchanges and cooperation with international peers, and enhance the company’s international influence.
At this moment, let us witness the glorious moment of Elong together and work together to create a bright future of green energy!
