HONG KONG, Sept. 28 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its subsidiary company, PACT Environmental Equipment Co., Ltd. ("PACT") is going to take part in Water Environmental Federation Technical Exhibition and Conference ("WEFTEC") in Orlando Florida (October 12 - 14, 2009), in order to promote and expand environmental protection business outside China.
WEFTEC is the world's largest exhibition covering water and wastewater equipment and services. PACT's main products exhibited in poster form are MBRs, Belt Filter Presses, Rotating Drum Screens, Clarifier Scrapers, Floating Decanters and custom manufacturing.
Zhejiang Tianlan Environmental Technology Co. Ltd., ("Blue Sky"), an associated company of Euro Tech, has recently been awarded two contracts totally US$3.3 million by two companies in China. The contracts cover design, manufacture, supply, and commissioning of desulphurization equipment for various applications. The contracts are for five FGD equipment, (Flue Gas Desulphurization equipment), for boilers of 75 tons/hour of steam for applications in paper and cogeneration (heat and power) plants in Zhejiang. To cope with expansion, Blue Sky has recently moved into its self owned and new factory with area of approximately 20,000 square metres in Hangzhou, Zhejiang.
Zhejiang Jia Huan Electronic co. Ltd. ("Jia Huan"), an associated company of Euro Tech, has recently formed a 80% owned subsidiary company to develop, manufacture and sell energy saving products, such as solar and LED lighting products. To fully utilize the existing resources, Jia Huan wants to diversify into energy saving business.
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.
About Blue Sky
Blue Sky (formerly known as Zhejiang Tianlan Desulfurization and Dust-Removal Co. Ltd.), found in 2000, is a fast growing company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants.
About Jia Huan
Jia Huan, an established and profitable company, has been in business since 1969. 95% of Jia Huan's business is related to air pollution control and less than 5% is for water and wastewater treatment. Jia Huan designs and manufactures automatic control systems and electric voltage control equipment for electrostatic precipitators which are major air purification equipment for power plants, cement plants and incinerators to remove and collect dust and pollutants from the exhaust stacks
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, 2008.
CONTACT:
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
Website: http://www.euro-tech.com
PACT's Website: http://www.pact-mfg.com/
Blue Sky's Website: http://www.tianlan.cn
Jia Huan's Website: http://www.jiahuan.com
