Tri-Tech Holding Wins $1.15M Bid for SINOPEC Natural Gas Field Project
(Nasdaq: TRIT), a premier Chinese company that provides leading turn-key
solutions in
industrial safety and pollution control markets, announced today that its
affiliate, Beijing Satellite Science & Technology Co. (BSST), has won a
7.8 million
Petroleum & Chemical Corporation (Sinopec) for an automated monitoring and
communication system in the Puguang gas field in
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Phase II represents an expansion of the information gathering and
monitoring Phase I project, which includes the 48-station system implemented
by BSST in
The new project includes engineering, procurement, installation and
commissioning for 26 monitoring stations. The system connects the gas field
SCADA control center with the gas wellheads and control valve stations,
providing real time safe and reliable backbone and backup data transmission
channel, to gather and safely transmit all the production data in real time.
BSST is applying the Siemens SCALANCE Industrial Ethernet switch and
router used in Phase I. BSST expects to complete the project by
Tri-Tech President
of Phase I in 2008, we were pleased to be awarded this Phase II expansion
project. This will be the first time we have used a redundant fiber optic ring
and a wimax wireless link as a backbone and backup communication channel in a
gas or oil field.”
Tri-Tech CEO
turnkey project for a 800M TETRA Network Communications System award announced
last week, this industrial Ethernet based project is another important step in
demonstrating Tri-Tech’s expanding capabilities and our ability to build a
long-term relationship with large petroleum and petrochemical companies.”
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 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.
Investor Contact:
Hawk Associates
Frank Hawkins
Tel: +1-305-451-1888
Email: tritech@hawkassociates.com
SOURCE Tri-Tech Holding Inc.