Tri-Tech Holding Wins $5.26 Million Flash Flood Early Warning and River Hydrologic Monitoring System Contracts
BEIJING, Jan. 17, 2012 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which
provides turn-key water resources management, water and wastewater treatment, industrial safety
and pollution control solutions, announced today that it has secured contracts for flash flood early
warning and small river hydrologic monitoring projects in three provinces in China. The projects
totaled approximately $5.26 million (approximately RMB 33.25 million).
According to the contracts signed with Tri-Tech’s affiliate, Beijing Yanyu Water Tech Co. Ltd., the
company will provide flash flood monitoring and forecasting systems for nine counties and cities
in Hunan and Henan provinces. Each system includes an information collection module, an early
warning module and an information dissemination platform. In addition, the company will provide
river hydrologic monitoring systems for four cities in Hebei Province. The scope of the contracts
includes the implementation of communication modules and automated data collection modules
for rainfall and water levels. The company anticipates that it will be involved in the production or
procurement of equipment, software development, integration and installation of the systems and
technical training to customers. These projects are scheduled for completion from late May 2012
to September 2012.
Mr. Warren Zhao, CEO of Tri-Tech Holding commented, “While we achieved remarkable results in
the flash flood monitoring and early warning sector in the past year, we also laid a strong
foundation for expansion in the river hydrologic sector with our small river hydrologic monitoring
systems in Sichuan and Yunnan provinces. To ensure a competitive edge in the industry, we
boosted flood monitoring, early warning and river hydrologic product research and development
and scaled up our teams to expand regional coverage of our services. In 2012, we will continue
to focus on growing our business in the flash flood early warning and small river hydrologic
About Tri-Tech Holding Inc.
Tri-Tech designs customized sewage treatment and odor control systems for municipalities and
private sectors in China and international markets. 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 Chinese government in managing
its water resources. The company is also moving into the industrial pollution control market.
Tri-Tech owns 27 software copyrights and six technological patents, and employs 300 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 references to the successful
completion of the project referenced herein (including any potential future projects related
thereto) and other statements concerning plans, objectives, goals, strategies, future events
such as project payments, results of marketing efforts 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.