This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tri-Tech Wins Contract For $3.83 Million Flash Flood Monitoring And Forecasting Project In Heilongjiang Province

BEIJING, June 8, 2011 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (NASDAQ: TRIT), a premier Chinese company that provides leading turn-key solutions in China for water resources, water and wastewater treatment, industrial safety and the pollution control markets, announced today that its affiliate, Beijing Yanyu Water Tech Co., Ltd. (Yanyu), has won flash flood monitoring and forecasting projects in six districts and counties in Yichun City, Heilongjiang Province. The contract value is RMB24.82 million or $3.83 million.

(Logo: http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )

Tri-Tech will establish flash flood monitoring and early warning systems including production, software development, equipment procurement, system integration, installation and commissioning, technical training, technical services, equipment commissioning and after sales services. All projects are expected to begin in mid-June 2011 and be completed by mid-August 2011. Tri-Tech expects to recognize all revenues from the project in 2011.

Yanyu General Manager Mr. Yongzhen Zhuang said, "With the expanded application of Yanyu's flash flood early warning system country wide, a growing number of users and system integrators have chosen to use our monitoring and warning platform, proven RTU and intelligent voice alarm products. In the meantime, we continue to expand our product sales reach and we are working closely with local partners as well as local system integrators to further expand our market share."

Mr. Warren Zhao, CEO of Tri-Tech, said: "Following our successful bid for flash flood control projects in six counties of Anhui, Gansu and Shandong provinces, Yanyu has won the bid for six districts and counties in Yichun City of Heilongjiang Province. This demonstrates the efficiency of Yanyu's marketing team. China's flash flood prevention program is currently in full swing. After the drought in the southern region of the country in the spring of this year, heavy rainfall has created significant risk of geological disasters. Yanyu is actively participating in flash flood prevention measures for monitoring and warning systems of non-engineering construction projects in different provinces. We are confident that through our advanced monitoring and flash flood warning systems, we will be able to reduce losses in disaster-prone areas and enhance the security and well being of the people living in those areas."

About Tri-Tech Holding Inc.

Tri-Tech designs customized sewage treatment and odor control systems for China's municipalities and its larger cities. 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 government in managing its water resources. The company is also providing comprehensive solutions in the industrial pollution control market. Tri-Tech owns 23 software copyrights and two technological patents and employs 260 people. Please visit http://www.tri-tech.cn for more information.

An online investor kit including a company profile, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.hawkassociates.com/profile/trit.cfm. To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/.

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 project referenced herein and payment therefor and other statements concerning plans, objectives, goals, strategies, future events 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, completion and payment for the projects discussed in this release, 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.

Investor Contact: Hawk Associates Frank Hawkins or Grace Huang305-451-1888 tritech@hawkassociates.com

SOURCE Tri-Tech Holding Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,700.16 -180.20 -1.07%
S&P 500 1,943.95 -26.12 -1.33%
NASDAQ 4,389.6610 -73.2410 -1.64%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs