Tri-Tech Holding Awarded $1.6M Municipal
Beijing, China – November 4, 2009 – Tri-Tech Holding Inc. (Nasdaq: TRIT), a premier Chinese company that engineers, manages and monitors municipal sewer systems, natural waterways and other Chinese water resources, announced today it has received a $1.6 million contract for a sewage treatment plant from the Construction Bureau of Kuancheng Manchu Autonomous County in Chengde City, Hebei Province.
The RMB10,887,800 contract for the Kuancheng County sewage treatment plant is a key Chengde City project for reduction of wastewater discharge. The plant will have a daily sewage treatment capacity of 20,000 tons that can be expanded to a maximum capacity of 30,000 tons. Kuancheng County has a population of 240,000 that will benefit from this project.
For the project, Tri-Tech will use a modified anaerobic ammonium oxidizing (A2O) process with a “V” filter. A2O is a well-known process that enables the removal of biological nutrients such as phosphorous or ammonium pollutants from sewage without adding special chemicals. Reclaimed wastewater discharged from the treatment plant will meet Class 1A standards as per the National Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant. This reclaimed wastewater is suitable for certain reuses, including landscape irrigation, roadway dust control, and toilet flushing.
The contract includes procurement and installation of process equipment, pipelines, valves, electric devices, automatic control instruments, industrial television monitoring systems, as well as personnel training, plant inspection and completion trials.
Tri-Tech CEO Warren Zhao said, “We are pleased to work with Kuancheng County in building its first sewage treatment plant with a sewage disposal rate of 90%. This contract with a municipal client emphasizes our strong competitive position in China’s wastewater treatment industry. We're honored that China’s municipal governments continue to select Tri-Tech for superior equipment and technology to reduce urban sewage pollution and improve ecological environment and water quality.”
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.
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This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include 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, performance under contracts, implementation of contractual terms as currently contemplated, future expansion decisions by the government, 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.