Tri-Tech Holding Awarded $2M Contract for Wastewater Treatment Plant
(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
contract for a wastewater treatment plant for the Dongli Economic Development
Area in Tianjin Municipality in
treatment plant and transfer the ownership to Dongli Economic Development Area
once construction is completed.
This is the first Tri-Tech use of the BTO model, which is similar to the
Build-Operate-Transfer (BOT) model except that transfer to the public owner
takes place once construction is completed, rather than at the end of the
franchise period.
For the project, Tri-Tech will use its Membrane Bioreactor (MBR) process.
MBR is an efficient new wastewater treatment technology that combines
biological treatment with membrane separation processes. 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. The reclaimed wastewater is suitable for various reuses including
roadway dust control, landscape irrigation and toilet flushing.
The contract covers wastewater treatment plant construction engineering
and design, process equipment procurement, installation, construction
management and start-up. The Dongli wastewater treatment plant will have a
daily capacity of 3,000 tons. Tri-Tech expects to complete the construction by
the end of
Tri-Tech CEO
the BTO model in a public-private partnership to help our municipal clients
tackle sewage discharge problems. We will continue to demonstrate both
technical and financial capabilities to successfully compete for municipal
wastewater treatment projects. The Dongli Economic Development Area is only 14
kilometers from downtown
kilometers. Since it was established in 1992, Dongli has attracted 150
manufacturing enterprises from 20 countries. The construction of this
wastewater treatment plant is designed to ease the shortage of Dongli’s
existing wastewater treatment capacity, improve the ecological environment in
Dongli and further attract more investment opportunities for Dongli.”
About Tri-Tech Holding Inc.
Tri-Tech designs customized sewage treatment and odor control systems for
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 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
Phone: +1-305-451-1888
Email: tritech@hawkassociates.com
SOURCE Tri-Tech Holding Inc.