BEIJING, Aug. 6, 2013 /PRNewswire/ -- 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 it has secured
multiple contracts during the second quarter of 2013 in all three
reported business segments. The total value for the awarded
contracts was approximately $6.48
million (RMB 40.1
million).
(Logo: http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )
Reported Business
Segment
|
|
Services &
Delivery
|
|
Aggregate Value of
Contracts
|
Water Resource
Management System & Engineering
|
|
Design, System
Integration, Equipment Sales.
Delivery expected in
Q3, 2013
|
|
$1.16
million
|
Water, Wastewater
Treatment & Municipal Infrastructure
|
|
Design, System
Integration, Installation & Troubleshooting.
Delivery expected in
Q3, 2013
|
|
$1.19
million
|
Industrial Pollution
Control and Safety
|
|
Design, System
Integration, Installation & Troubleshooting.
Delivery expected in
Q3 and Q4, 2013
|
|
$4.13
million
|
Total
|
|
|
|
$6.48
million
|
CFO Phil Fan commented, "The
numbers reflect our cautious project selection: we avoided
slow-paying, capital-intensive Municipal Water and Wastewater
sector projects and potentially lucrative speculative agreements
with unfavorable payment terms. We believe that the agreements we
did sign, while not without risk, will build a foundation for
steady performance. Being rigorous in project selection is our best
defense against our cash flow pressures and China's mounting municipality debt issues.
Moving forward, we will continue to seek projects that provide
benefits for our company and shareholders without jeopardizing our
business."
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering,
procurement, construction and technical services. The Company
supports government, state owned entities and commercial clients by
providing efficiency oriented solutions focused on treatment of
water and waste water, management of water resources and
water-efficient irrigation, as well as industrial emission and
safety controls. With software copyrights, product patents, and
capable employees in China, the U.S. and India, Tri-Tech's
capabilities span the cycle of innovation. Please visit
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
www.tri-tech.cn/ir . To subscribe to future releases via e-mail
alert, visit 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 successful
completion of the projects referenced herein 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.
Tri-Tech Holding Inc.
www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn
SOURCE Tri-Tech Holding Inc.