Tri-Tech Holding Announces Third Quarter 2013 Contracts
BEIJING, Oct. 22, 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 third quarter of 2013 in all three reporting business segments. The total value for the awarded contracts was approximately $8.75 million (RMB 54.25 million).
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| Reported Business Segment |
Services & Delivery |
Aggregate Value of Contracts |
||
| Water Resource Management System & Engineering |
Design, System Integration, Equipment Sales. Delivery expected in Q4, 2013 |
$5.39 million |
||
| Water, Wastewater Treatment & Municipal Infrastructure |
Design, System Integration, Installation & start-up. Delivery expected in Q4, 2013 |
$1.22 million |
||
| Industrial Pollution Control and Safety |
Design, System Integration, Installation & start-up. Delivery expected in Q4, 2013 |
$2.14 million |
||
| Total |
$8.75 million |
CEO Phil Fan commented, "As in the second quarter, we maintained rigorous project selection to avoid speculative agreements. Without undermining our project selection, we strengthened our efforts in sales and managed to increase the value of awarded contracts slightly compared to $6.48 million in the second quarter of 2013. We believe that we are building the fundamentals for a steady recovery."
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
[email protected]
SOURCE Tri-Tech Holding Inc.
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