Tri-Tech Holding Awarded $1.68 Million Contract for Wastewater Treatment Plant
12 Gennaio 2010 - 3:00PM
PR Newswire (US)
BEIJING, Jan. 12 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding
Inc. (NASDAQ:TRIT), a premier Chinese company that engineers,
manages and monitors municipal sewer systems, natural waterways and
other water resources, announced today that it has received a
RMB11.5 million (approximately US$1.68 million) contract for Phase
I of a wastewater treatment and water recycling plant construction
project in Hangu Eco-friendly High-tech Industrial Park of Tianjin
Municipality in Northern China. The total cost to construct the
wastewater treatment and recycling plant is RMB72,600,000
(approximately US$10.6 million). Construction will break down into
two phases. Phase I includes wastewater treatment using the
anaerobic ammonium oxidizing (A2/O) biological process, followed by
a deep filtration process using rotary fibre disc filtration
technology. Phase II includes further purification process for
water recycling using microfiltration, followed by reverse osmosis
membrane technology. The entire plant, occupying 4.2 acres of land,
will have a daily treatment capacity of 10,000 metric tons.
Tri-Tech's scope of work in Phase I includes procurement and
installation of process equipment, electric devices, automatic
control and monitoring instruments, laboratory equipment and
mechanical maintenance equipment, as well as personnel training,
plant inspection and commissioning and start-up. Phase I
construction will start in late January and is expected to finish
by the end of May 2010. Phase II of this project is expected to be
put out to bid separately in late February or early March 2010.
Tri-Tech CEO Warren Zhao said, "The Hangu project is another
footprint in Tianjin after the projects we were awarded in Tianjin
Dongli Economic Development Area and Tianjin Jinjing Newtown.
Located in Tianjin Binhai New District, Hangu is approximately 40
kilometers away from downtown Tianjin and has a population of
170,000. The Hangu Eco-friendly High-tech Industrial Park, which
began developing at the end of 2007, is rapidly constructing its
infrastructure. Securing this Hangu project reaffirms our strategic
position in the market of Tianjin Binhai New District and will help
us successfully compete for additional wastewater treatment
projects in Binhai." For Phase I of the project, Tri-Tech will use
a modified A2/O process, followed by rotary fibre disc filtration.
A2/O is a well-known process that enables the removal of biological
nutrients such as phosphorous or ammonium pollutants from sewage
without adding special chemicals. Residual sludge from the
treatment plant will be concentrated, dewatered, and then disposed
at a landfill. Reclaimed wastewater discharged from the Phase I of
treatment plant will meet Class 1A standards as per the National
Discharge Standard of Pollutants for Municipal Wastewater Treatment
Plant. The reclaimed wastewater will be used for landscape wetland
irrigation of the Park. About Tri-Tech Holding Inc. Tri-Tech
designs customized sewage treatment and odor control systems for
China's municipalities and its larger cities. These systems combine
software, information management systems, resource planning and
local and distant networking hardware that includes sensors,
control systems, programmable logic controllers, supervisory
control and data acquisition systems. The company also designs
systems that track natural waterway levels for drought control,
monitor groundwater quality and assist the government in managing
its water resources. Tri-tech owns seven software copyrights and
two technological patents and employs 108 people. Please visit
http://www.tri-tech.cn/ for more information. An online investor
kit including a company profile, press releases, current price
quotes, stock charts and other valuable information for investors
is available at http://www.hawkassociates.com/profile/trit.cfm . To
subscribe to future releases via e-mail alert, visit
http://www.hawkassociates.com/about/alert/ . This press release
contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include references to the successful completion of the
project referenced herein and other statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the company, are expressly qualified by the
cautionary statements and any other cautionary statements which may
accompany the forward-looking statements. In addition, the company
disclaims any obligation to update any forward-looking statements
to reflect events or circumstances after the date hereof. For more
information, please contact: Investors Contact: Susan Zhou Hawk
Associates Tel: +1-305-451-1888 Email: DATASOURCE: Tri-Tech Holding
Inc. CONTACT: Susan Zhou of Hawk Associates, +1-305-451-1888, or
Web Site: http://www.tri-tech.cn/
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