TMT Acquisition Corp Merger Partner, eLong Power Holding Limited, Received RMB80 Million (Approximately US$11 Million) Purchase Order for Energy Storage System
Business Combination anticipated to close in the second half of 2024; energy storage system delivery expected to complete by the end of 2024
NEW YORK, N.Y. and Ganzhou, China, July 01, 2024 (GLOBE NEWSWIRE) — The merger partner of TMT Acquisition Corp (“TMTC”) (NASDAQ:TMTCU), a publicly traded special purpose acquisition company (SPAC), eLong Power Holding Limited (“eLong Power”), a provider of high-power battery technologies for commercial and specialty vehicles and energy storage systems, announced that its wholly-owned subsidiary has signed a supply contract for provision of an energy storage system valued at RMB80 million (approximately US$11 million). This contract is for an energy storage system to be designed and used for intelligent charging robots in Beijing, China, with assembly and delivery expected to be completed by the end of 2024.