BEIJING, China, Jan. 4 /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 $2 million Build-Transfer (BT) contract for a wastewater treatment plant upgrade in Xinle City, Hebei province. Tri-Tech will upgrade the plant and transfer ownership to Xinle City. The upgrade will improve the effluent quality from Class 2 to Class 1A standards as per the National Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant.
The Xinle wastewater treatment plant went into operation in 2003 and currently has a daily capacity of 40,000 metric tons. Reclaimed wastewater discharged from the treatment plant meets Class 2 standards. The upgrade work will further decrease the pollution discharged from the plant.
The project will add an enhanced processing system, with a world-class process combination of a biological aerated filter (BAF), a rapid filter and chlorine dioxide disinfection. The enhanced processing system includes a new pumping station, a disinfecting tank, a chlorination processing system, a forced draft blower, counter-washing pumping equipment and a power supply system.
The contract covers detailed engineering and design, process equipment procurement, installation, commissioning & start-up. The effluent discharged from the upgraded plant will meet Class 1A standards which is suitable for certain reuses, including roadway dust control, landscape irrigation and toilet flushing. Tri-Tech expects to complete construction by the end of February 2010.
Tri-Tech CEO Warren Zhao said, "We are pleased to land this upgrade project in Xinle City using the BT model. With the rapid economic growth in Xinle, the amount of industrial wastewater and municipal wastewater is increasing. However, wastewater treatment facilities have not kept pace with the growth. Inappropriately treated wastewater has severely polluted the surrounding canal and downstream rivers. The need to upgrade Xinle's existing wastewater treatment plant is urgent. The implementation of this project will reduce urban sewage pollution and improve Xinle city's ecological environment and water quality."
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:
Hawk Associates
Susan Zhou
Tel: +1-305-451-1888
Email: tritech@hawkassociates.com
