MELBOURNE, AUSTRALIA / ACCESSWIRE / July 22, 2024 / Sincerity Applied Materials Holdings Corp ("SINC"), a prominent player in the applied materials and chemicals industry, is pleased to announce the successful completion of its acquisition of AgroShield LLC, a prominent manufacturer and distributor serving the agriculture, aquaculture, bioproduct and waste management sectors in the United States of America. This acquisition underscores SINC's commitment to expanding its footprint and enhancing its portfolio through strategic growth initiatives.

Details of the Acquisition:

Transaction Overview: Under the terms of the agreement, SINC has acquired 100% of the issued and outstanding shares of AgroShield LLC. In exchange, the shareholders of AgroShield have received 49,000,000 shares of SINC's common stock. AgroShield Chairman and incoming Sincerity Vice Chairman, Richard Selby, stated, "The incorporation of Sincerity's Quantum Glass biofiltration media into our game-changing SNUVER AI filtration system (Patent Pending) create synergistic opportunities for advancing solutions in the global aquatic environmental remediation market, as well as expanding Sincerity's presence in the commercial and residential swimming pool market globally. These markets have tremendously exciting potential for SINC, and we will setup a separate business unit for these disruptive technologies."

Strategic Benefits: The acquisition enables SINC to enhance its capabilities in its unique Quantum Glass technologies, providing new market coverage for growth and innovation in the USA. AgroShield LLC's market presence in agriculture and aquaculture complements SINC's existing offerings and expands its reach into new markets. These markets create a solid foundation for excellent shareholder returns.

Patent Filing Announcement:

In addition to the acquisition, SINC is also pleased to announce that AgroShield, now a wholly owned subsidiary, has successfully filed an innovative patent after three years of dedicated research and development. The patent is filed for AgroShield's underwater vehicle delivery system that incorporates Sincerity's copper-infused Quantum Glass, and ionically charged biochar filtration media. This significant advancement in aquacultural technology underscores AgroShield's commitment to innovation and sustainability.

New Management Team Members:

SINC is also pleased to announce the appointment of the following new Sincerity team members:

• Mr. Richard W. Selby, Vice Chairman

• Mr. Jeffrey E. Randall, Sr. Vice President

• Mr, Christopher D. Abbott, Vice President of Product Development

• Mr. Kyle Fuson, Director of Marketing and Communications

• Ms. Tiffany Campbell, Public Affairs Manager