Tri-Tech Holding Awarded $1.27M in Mountain Torrent Forecast and River Monitoring Contracts
(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
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,
Chongqing municipality and five river monitoring projects in
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
two counties in
Inner Mongolia.
The five river monitoring projects are in the cities of Honghe, Wenshan,
Yuxi, Puer and Xishuangbanna in
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
Mr.
government allocated
Mountain Torrent Forecast Plan in 103 pilot counties that are frequently
devastated by mountain torrents. In
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
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
Tel: +1-305-451-1888
Email: tritech@hawkassociates.com
SOURCE Tri-Tech Holding Inc.