BEIJING, Jan. 12 /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 a RMB11.5 million (approximately US$1.68 million) contract for Phase I of a wastewater treatment and water recycling plant construction project in Hangu Eco-friendly High-tech Industrial Park of Tianjin Municipality in Northern China.
The total cost to construct the wastewater treatment and recycling plant is RMB72,600,000 (approximately US$10.6 million). Construction will break down into two phases. Phase I includes wastewater treatment using the anaerobic ammonium oxidizing (A2/O) biological process, followed by a deep filtration process using rotary fibre disc filtration technology. Phase II includes further purification process for water recycling using microfiltration, followed by reverse osmosis membrane technology. The entire plant, occupying 4.2 acres of land, will have a daily treatment capacity of 10,000 metric tons.
Tri-Tech's scope of work in Phase I includes procurement and installation of process equipment, electric devices, automatic control and monitoring instruments, laboratory equipment and mechanical maintenance equipment, as well as personnel training, plant inspection and commissioning and start-up. Phase I construction will start in late January and is expected to finish by the end of May 2010. Phase II of this project is expected to be put out to bid separately in late February or early March 2010.
Tri-Tech CEO Warren Zhao said, "The Hangu project is another footprint in Tianjin after the projects we were awarded in Tianjin Dongli Economic Development Area and Tianjin Jinjing Newtown. Located in Tianjin Binhai New District, Hangu is approximately 40 kilometers away from downtown Tianjin and has a population of 170,000. The Hangu Eco-friendly High-tech Industrial Park, which began developing at the end of 2007, is rapidly constructing its infrastructure. Securing this Hangu project reaffirms our strategic position in the market of Tianjin Binhai New District and will help us successfully compete for additional wastewater treatment projects in Binhai."
For Phase I of the project, Tri-Tech will use a modified A2/O process, followed by rotary fibre disc filtration. A2/O is a well-known process that enables the removal of biological nutrients such as phosphorous or ammonium pollutants from sewage without adding special chemicals. Residual sludge from the treatment plant will be concentrated, dewatered, and then disposed at a landfill.
Reclaimed wastewater discharged from the Phase I of treatment plant will meet Class 1A standards as per the National Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant. The reclaimed wastewater will be used for landscape wetland irrigation of the Park.
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 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:
Investors Contact:
Susan Zhou
Hawk Associates
Tel: +1-305-451-1888
Email: tritech@hawkassociates.com
