HONG KONG, Sept. 13, 2011 /PRNewswire-Asia/ -- Euro Tech
Holdings Company Limited (Nasdaq: CLWT) today announced that Pact,
a subsidiary of the company is participating in the 5th Ballast
Water Management Summit, on 14-15 September
2011, Singapore.
The conference is the must-attend event for owners,
manufacturers and regulators. It will focus on installation costs
and return on investments, installation parameters (space and power
requirement), and latest developments of international and national
regulations, and crew involvement.
Ballast water treatment is an imminent requirement by The
International Maritime Organization ("IMO") to prevent the
biological unbalance caused by the estimated 12 billion tons of
ballast water transported across the seas by ocean-going ships when
their ballast water tanks are emptied or refilled. The market
potential for retrofits and new installations in these old and new
ocean-going ships is enormous.
Currently, Pact is vigorously testing, fine tuning its Ballast
Water Treatment System in China
and working on the preparation for the land and sea certification
tests in early 2012. Pact will definitely benefit from this Water
Management Summit in Singapore
through networking with high level industry leaders and
professionals in the maritime industry.
About Pact:
Pact Environmental Technology Co. Ltd., ("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, 2010.
SOURCE Euro Tech Holdings Company Limited