Tri-Tech Holding Wins $1M Bid for Sinopec Natural Gas Field Project
(Nasdaq: TRIT), a premier Chinese company that engineers, manages and monitors
municipal sewer systems, natural waterways and other water resources,
announced today that its affiliate, Beijing Satellite Science & Technology Co.
(BSST), has won a
China Petroleum & Chemical Corporation (Sinopec) for a Phase II turnkey
project of a 800M TETRA Network Communications System for use in natural gas
operations in the Puguang gas field in
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The Phase II installation is an expansion of the Phase I system
implemented by BSST in 2009.
This turnkey project includes engineering, procurement, installation and
commissioning. The system is used in daily production activities, gas pipeline
inspections and repairs, and emergency response communications. It also
provides a wireless backup channel for gas field communications as a safety
measure. The vendor of 800M TETRA Network System components is the European
Aeronautic Defence and Space Company (EADS). BSST expects to complete the
project in
Tri-Tech President,
of Phase I, we were pleased to win the Phase II expansion project. BSST
applied the EADS 800M TETRA Network System in Phase I and completed the
project in 2009. This was the first time we have applied the digital trunk
network communication system in a gas field production role and for emergency
response communications. With this project we have taken our prospects for
contracts in the natural gas sector to the next level using the TETRA Network
System.”
Tri-Tech CEO,
affiliate, BSST has already been awarded a large gas field safety production
project. This is an important further step in demonstrating Tri-Tech’s
expanding capabilities in the industrial pollution and safety control market,
and it underscores our reasons for the strategic acquisition of BSST. We
expect
Tri-Tech to receive more awards like this.”
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 (SCADA). 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. The company is also moving into the industrial production
safety and pollution control market. Tri-Tech owns 15 software copyrights and
two technological patents and employs over 200 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:
Investor Contact:
Hawk Associates
Frank Hawkins
Phone: +1-305-451-1888
Email: tritech@hawkassociates.com
SOURCE Tri-Tech Holding Inc.