BEIJING, Dec. 1 /PRNewswire-Asia/ -- Tri-Tech Holding Inc. (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 approximately $1 million in automatic control system upgrade work for a total of 16 sewage pumping stations located in two economic development zones in Tianjin, China: (i) seven pumping stations in the Western Tianjin Economic Development Area (TEDA) and (ii) nine pumping stations in the Tianjin Airport International Logistics Zone (TAILZ).
For the Tianjin Economic Development Area (TEDA) contract, Tri-Tech will procure and install equipment for the Supervisory Control and Data Acquisition System (SCADA), data transmission system and monitoring system, field equipment, and large screen display system. With the new system, Tri-Tech will integrate into the existing system, meeting all specifications of the new remote monitoring systems. Tri-Tech expects to complete this project by the end of March 2010.
For the completed Tianjin Airport International Logistics Zone (TAILZ) project, which commenced in June of this year, Tri-Tech procured equipment for the automatic control system, instrumentation system, remote television monitoring system, and the real-time data relay system using China Mobile’s 3G wireless network. In addition, Tri-Tech conducted equipment installation, system commissioning, operator training service and optimization of the automation system.
All the remote monitoring systems for these 16 sewage pumping stations are designed to be extensible for new pumping station automatic control systems to be added.
Tri-Tech CEO Warren Zhao said, "We are excited to win the 7-pumping-station auto-control system upgrade contract immediately following the completion of the 9-pumping-station project. The nine pumping stations in Tianjin Airport International Logistics Zone were the first batch of stations to use an advanced 3G network for data communication in China. This network control and operational scheduling improves management and maintenance of sewerage networks, decreases the inefficiency of manual control, and cuts wastewater treatment costs resulting from a redundant workforce and high energy consumption."
"With the rapid economic growth of these two zones and China’s increasing investment in environmental infrastructure and construction retrofitting, Tri-Tech is showcasing our competitive advantages to target additional business opportunities in this sector," Zhao said.
About Tri-Tech Holding Inc.
Tri-Tech designs customized sewage treatment and odor control systems for China’s municipalities and its larger cities. These systems combine software, 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 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:
Susan Zhou
Hawk Associates
Tel: +1-305-451-1888
Email: tritech@hawkassociates.com
