HONG KONG, July 8, 2016
/PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT)
today announced that its subsidiary, PACT Environmental Technology
Company Ltd. ("PACT") has recently been awarded a contract worth
about US$ 6 million by a foreign
mobile phone company.
This contract covers design, supply, installation and the
commissioning of industrial wastewater treatment and scrubber
systems for its OEM plants in Shanghai, Shenzhen and Zhengzhou, China.
About PACT:
PACT Environmental Technology Co. Ltd., 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 mainland China, doing business in mainland 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, 2015.
Website: http://www.euro-tech.com, PACT's Website:
http://www.pactchina.com
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SOURCE Euro Tech Holdings Company Limited