This Day On The Street
Continue to site right-arrow
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 Holding Wins $8.06 Million Flash Flood Forecasting And River Hydrologic Monitoring Contracts

Stocks in this article: TRIT

BEIJING, July 12, 2012 /PRNewswire-Asia-FirstCall/ -- 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 contracts for flash flood early warning and small river hydrologic monitoring projects in ten provinces and municipalities in China. The projects total approximately $8.06 million (approximately RMB 50.96 million).

(Logo: )

According to the contracts signed by Tri-Tech's affiliate, Beijing Yanyu Water Tech Co. Ltd., the company will establish and retrofit flash flood monitoring and forecasting systems for multiple districts, counties and cities in Heilongjiang, Guizhou, Shanxi, Shandong, Guangxi, Anhui, Hebei, Qinghai, and Gansu provinces and Beijing. Each system includes an information collection module, an early warning module and an information dissemination platform. In addition to the flash flood systems, the company will also implement small river hydrological monitoring systems for Heze region in Shandong Province. The scope of this project includes construction and upgrade of automatic collection and communication systems for rainfall and water level information. The company will be involved in the production and procurement of equipment, software development, installation and troubleshooting of the systems and the provision of technical training to customers. These projects are scheduled for completion at different times from the end of July through the end of December 2012.

Mr. Warren Zhao, Joint CEO of Tri-Tech Holding Inc., commented, "Since the second quarter, we have continued to promote flash flood early warning systems and have worked hard to implement the projects we have secured. These market expansion strategies for our water resources management business have grown this business segment to record levels for our company. All of our previously awarded flash flood monitoring projects are now over 70% completed. Of these projects, we have substantially completed the project in Hunan and are currently conducting system troubleshooting and anticipate the customer's acceptance following this stage. In the meanwhile, we are actively pursuing new project opportunities as scheduled. In addition, we are initiating a market survey on the National Water Resources Monitoring Capacity Construction Program and Irrigation Information System Construction Program to help the company optimize its revenue portfolio and business model for the water resources segment. We are also pursuing strategic collaboration with leading international water information technology and service providers in emerging water conservancy fields. "

1 of 3

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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