Tri-Tech Holding Recognized as Top 10 Emerging Enterprise in China's Water Industry
BEIJING, Feb. 28, 2012 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that the company was recognized an Emerging Enterprise of the Water Industry of Year 2011 by the Chinese Water Enterprises 2011 Awards launched by ChinaWaterNet. The company was one of ten companies recognized in the Chinese water industry.
A formal ceremony will be held during the 10th Strategic Forum of Water Industry organized by Tsinghua University on March 23 and 24, 2012. Tri-Tech's management will attend the forum and the award ceremony.
As an emerging water industry solution provider in Chinese and international markets, Tri-Tech has completed projects in a variety of areas, such as constructing and retrofitting water and wastewater facilities, providing water recycling solutions, desalinating seawater and treating industrial wastewater. Leveraging its cutting-edge technologies, the company started to expand to global markets in 2010. While building the world's largest water treatment plant that applies ultra filtration and nano-filtration membrane technologies in Ordos, Inner Mongolia, the company is also constructing sewage collection and treatment systems for over 300,000 people in three townships of the State of Bihar in India, and implementing a seawater desalination unit for the Utility Plant of Qatar Petrochemical Co. Ltd. In addition, Tri-Tech is pursuing business opportunities in seawater desalination, industrial wastewater treatment and municipal infrastructures. During 2011, the company showed a remarkable performance in the business of water resources management: 32 flash flood monitoring and forecasting system projects have been provided to 28 provinces, municipalities and autonomous regions, benefiting populations of over one hundred million.
Commenting on the recognition, Mr. Warren Zhao, CEO of Tri-Tech Holding, said, "The title of Emerging Enterprise of the Water Industry is a recognition of our accomplishments and contributions to the development of China's environmental protection and water conservancy infrastructure. With our international platform of financing and technology acquisitions, we are positioned to innovate core technologies such as membrane systems, thermal evaporation, flash flood monitoring and forecasting, hydrologic monitoring and management. We continue seeking to expand our market share of our primary operations in water resources management, water, wastewater treatment and industrial pollutants control, and actively develop applications of seawater desalination technology and zero liquid discharge solutions for industrial wastewater treatment. Our vision is to create a complete value chain covering key sections of the water cycle, which starts from the water head to end users."
About Emerging Enterprise of Water Industry Award
The Chinese Water Enterprises 2011 Awards was launched by ChinaWaterNet, the largest water industry information network in China. The awards have been presented for 10 years. As one of the awards, the Emerging Enterprise of Water Industry Award was set up to recognize those domestic companies that experience high growth in business and earnings, enjoy a high reputation in the industry, make breakthroughs in certain field and market or implement significant projects. The awards also seek to recognize companies with strong development potential, refined strategies, progressive ideas, sustainable innovations and fine corporate structure. For more information, please visit http://www2.h2o-china.com/report/2012/2012pxjx/xrqy.html
About Tri-Tech Holding Inc.
Tri-Tech designs customized sewage treatment and odor control systems for municipalities and private sectors in China and international markets. 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 Chinese government in managing its water resources. The company is also moving into the industrial pollution control market. Tri-Tech owns 27 software copyrights and six technological patents, and employs 300 people. Please visit http://www.tri-tech.cn for more information.
An online investor kit including a company profile, presentations, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.tri-tech.cn/ir. To subscribe to future releases via e-mail alert, visit http://www.tri-tech.cn/ir/info/request .
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 Emerging Enterprise of the Water Industry of Year 2011 designation and factors underlying the award of such designation and other statements concerning plans, objectives, goals, strategies, future events such as project payments, results of marketing efforts 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.
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