Tri-Tech Holding Awarded $1.27M in Mountain Torrent Forecast and River Monitoring Contracts
02 Febbraio 2010 - 3:00PM
PR Newswire (US)
Contracts Cover 11 Projects in Five Provinces BEIJING, Feb. 2
/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 11 new contracts
for flood control and river monitoring worth RMB8.7 million
(approximately US$1.27 million). The awards include six mountain
torrent forecast pilot projects from the Flood Control and Drought
Relief Bureaus of the Guangxi Zhuang Autonomous Region, the Inner
Mongolia Autonomous Region, Heilongjiang province and Chongqing
municipality and five river monitoring projects in Yunnan province.
Tri-Tech will provide mountain torrent information collection
systems and early warning systems as well as hydrological
monitoring equipment, installation, debugging and after-sale
services in two counties in Guangxi, two counties in Chongqing,
Qiqihar City in Heilongjiang and Chifeng City in Inner Mongolia.
The five river monitoring projects are in the cities of Honghe,
Wenshan, Yuxi, Puer and Xishuangbanna in Yunnan Province. These
projects include purchasing both software and hardware needed for
the remote hydrological monitoring system, installation and
integration, debugging and testing, technical training and
after-sale services. The data terminal for the hydrological
monitoring station system in all 11 projects will use Tri-Tech's
patented YY-RTU-2000 Telemetry Unit. Tri-Tech expects to complete
the projects before the end of March 2010. Mr. Warren Zhao, CEO of
Tri-Tech Holding, said, "In 2009, the Chinese government allocated
RMB200 million (approximately US$29 million) to fund its Mountain
Torrent Forecast Plan in 103 pilot counties that are frequently
devastated by mountain torrents. In October 2009, Tri-Tech won
eight bids for the pilot projects and we have now won six
additional bids, which represent the largest market share awarded
so far in this sector. We are also excited that we have
successfully secured five contracts as part of the government's
newly initiated river monitoring initiative, which lays good
groundwork for competing for more projects. We expect to continue
building our business in China's natural waterways control." 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: Hawk Associates
Susan Zhou Tel: +1-305-451-1888 Email: DATASOURCE: Tri-Tech Holding
Inc. CONTACT: Investors Contact: Hawk Associates, Susan Zhou,
+1-305-451-1888, or Web site: http://www.tri-tech.cn/
http://www.hawkassociates.com/profile/trit.cfm
http://www.hawkassociates.com/about/alert/
Copyright