Euro Tech Holdings Company Limited Reports Contract Awarded to PACT

Euro Tech Holdings Company Limited
2008-12-05 16:04 724

HONG KONG, Dec. 5 /PRNewswire-Asia-FirstCall/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its subsidiary, Yixing PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded a contract worth about US$ 1.8 million by a manufacturer of aluminium foil in Xiamen, China.

This contract covers design, supply, installation and commissioning of a (936 cubic meters per day) process and domestic wastewater treatment plant and a (292 cubic meters per day) pure water treatment plant by deionization and reverse osmosis processes.

About Pact:

PACT, based in Shanghai, is a global provider of environmental solutions for industrial and municipal clients, focusing on water and wastewater treatment. Pact’s capabilities cover design, manufacturing, sourcing, installation and servicing of water/wastewater treatment, water desalination plants and equipment.

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, 2007.


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


PACT’s Website:

Source: Euro Tech Holdings Company Limited