HONG KONG, Aug. 7 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited today announced that its subsidiary, Yixing PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded a US$ 1,718,000 contract by an USA Chemical company based in Suzhou, China. The contract covers design, manufacture, supply, and commissioning of a waste water treatment of up to 500 m3 per day using advanced oxidation technology.
Pact's new manufacturing facility will come on line by end September. The facility will break ground with two new product lines for sludge dewatering and membrane-enhanced biological treatment. Both products are considered to be Best Available Technologies in their field.
The belt filter press for sludge dewatering is manufactured to the detailed specifications of Ecomacchine S.p.A. and under their supervision. Ecomacchine is an Italian company established in 1976 and is specialized in manufacturing of sludge handling and dewatering equipment. The high dewatering efficiency of the Ecomacchine filter press ensures substantial savings in cost of waste haulage.
The membrane enhanced biological treatment (MBR) makes use of Toray ultrafiltration membranes. Toray, a major Japanese company, is a world leader in membrane separation technologies used for water and wastewater alike. The MBR process combines PACT's biological treatment know-how with that of Toray's membrane expertise to produce a high quality effluent making it possible to recycle or re-use the wastewater in a footprint much smaller than conventional biological treatment plants.
The two products will be marketed in China and abroad and will be exhibited at the WEFTEC San Diego USA show in mid October this year. WEFTEC is the world's largest exhibition in the field of water and wastewater treatment and attracts visitors from countries worldwide.
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, 2006.
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.pactchina.com/
Euro Tech Holdings Company Limited
