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Euro Tech Holdings Company Limited Reports Contracts Awarded to Blue Sky

Posted on: Thursday, 6 December 2007, 03:00 CST

HONG KONG, Dec. 6 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited today announced that its associated company, Zhejiang Tianlan Desulfurization and Dust-Removal Co. Ltd. in Zhejiang, China ("Blue Sky") has recently been awarded two contracts totally US$ 2.8 million in China. The contracts cover design, manufacture, supply, and commissioning of desulfurization equipment.

The two contracts are for ten desulfurization equipment for boilers ranging from 10 tons/hour to 65 tons/hour of steam for applications in, paper, and heat generation plants in Wuhan, and Shanghai.

Blue Sky, found in 2000, is an air pollution control company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants.

T C Leung, Chairman and CEO of the Company, commented, "China, the world's largest emitter of acid-rain causing sulfur dioxide, is under tremendous pressure to reduce sulfur dioxide emission level, and this creates a huge market potential for flue gas desulfurization (FGD) equipment in the coming years. As an associated company since August 2007, Blue Sky will definitely contribute some profit but not the revenues for the 2nd half of 2007 only and much more profit for us in 2008."

Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2006.

Contact: Euro Tech Holdings Company Limited, Hong Kong T.C. Leung, Chairman and CEO, or Jerry Wong, CFO Tel: +852-2814-0311 Fax: +852-2873-4887 Website: http://www.euro-tech.com/ Blue Sky's Website: http://www.tianlan.com.cn/ .

Euro Tech Holdings Company Limited

CONTACT: T.C. Leung, or Jerry Wong, both of Euro Tech, +852-2814-0311,or fax, +852-2873-4887

Web site: http://www.euro-tech.com/http://www.tianlan.com.cn/

Source: PRNewswire

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