Green Circle Decarbonize Technology Limited Entering into Strategic Partnership Agreement for Mass Production of BocaPCM-TES Panels in the People's Republic of China
Green Circle shifts BocaPCM-TES panel manufacturing in China to exclusive partner SANVO while refocusing internally on R&D and global expansion.
Rhea-AI Summary
Green Circle Decarbonize Technology Limited (GCDT) has entered a strategic partnership agreement with SANVO Fine Chemicals Group for mass production of BocaPCM-TES Panels in the People's Republic of China.
Under the agreement, SANVO is appointed sole supplier and exclusive manufacturer of BocaPCM-TES Panels in China and assumes full operational responsibility for production. Green Circle avoids new production-line capital investment by using SANVO’s existing advanced facilities, which the company states lowers upfront capital expenditure and accelerates setup. Green Circle’s management will focus on core research and development, product design, and global market expansion while SANVO provides materials manufacturing. The initial term is three years, with automatic three-year extensions unless terminated with prior written notice, and further detailed operational and production agreements will be executed.
Positive
- SANVO named sole supplier and exclusive manufacturer for BocaPCM-TES Panels in China
- Use of SANVO’s existing facilities eliminates new production-line capital investment
- Green Circle management can focus on R&D, product design, and global market expansion
- Partnership structured with an initial 3-year term and automatic 3-year extensions
Negative
- Manufacturing for BocaPCM-TES Panels in China concentrated in a single exclusive supplier
Details
Market reaction after China manufacturing partnership: GCDT +67.25%
Following this news, GCDT has gained 67.25%, reflecting a significant positive market reaction. Argus tracked a trough of -6.1% from its starting point during tracking. Our momentum scanner has triggered 58 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $0.63. Trading volume is exceptionally heavy at 1004.3x the average, suggesting very strong buying interest.
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Key Figures
- Initial partnership term
- 3 years
- Partnership Agreement
- Automatic extension term
- 3 years
- Unless terminated with prior written notice
Key Terms
phase change thermal energy storage materials technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hong Kong, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the “Company”) (NYSE:GCDT), a premier provider of customized energy-saving solutions, today announced it has entered into a strategic partnership agreement (“Partnership Agreement”) with SANVO Fine Chemicals Group Limited (“SANVO”).
Pursuant to the terms of the Partnership Agreement, SANVO has been appointed as the sole supplier and exclusive manufacturer for the mass production of BocaPCM-TES Panels in the People's Republic of China (“PRC”).
SANVO will take full operational responsibility as the sole supplier and exclusive manufacturing partner for BocaPCM-TES Panels in China. The Company eliminates the need for redundant capital investments in new production lines, significantly lowering upfront capital expenditure and setup timelines by leveraging SANVO’s existing advanced production facilities and manufacturing capacity. The Company will focus on innovation and expansion. The management team of the Company will focus entirely on core research and development, product design, and global market expansion. Combines the Company’s green technology with SANVO’s materials manufacturing platform mitigates supply chain bottlenecks, lowers operational risks, and accelerates the time-to-market for BocaPCM-TES Panels to meet surging demand.
The initial term of the Partnership Agreement is three (3) years, with automatic three-year extensions unless terminated with prior written notice. Both parties will execute formal partnership agreements setting out the detailed operational roles and production terms.
About Green Circle Decarbonize Technology Limited
Green Circle Decarbonize Technology Limited is a Cayman Islands holding company operating through its Hong Kong subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Green Circle Decarbonize Technology Limited
Investor Relations Department
Email: dr.richardchan@gmail.com
