Euro Tech Holdings Company Limited Reports Contracts Awarded to Blue Sky
HONG KONG, May 10 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its associated company, Zhejiang Tianlan Environmental Technology Co. Ltd., ("Blue Sky"), has recently been awarded five contracts totally US$10.7 million by five companies in China. The contracts cover design, supply, installation and commissioning of desulphurization equipment for various applications. The contracts are for seven FGD equipment, (Flue Gas Desulphurization equipment), for boilers of ranging from 130 to 320 tons/hour of steam for applications in steel, cogeneration and glass plants in Sichuan, Guangxi, Shandong and Guangdong, respectively.
About Blue Sky:
Zhejiang Tianlan Environmental Technology Co. Ltd., in Zhejiang, China ("Blue Sky"), found in 2000, is a fast growing company which provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants.
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 China, doing business in 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, 2008.
CONTACT: Euro Tech Holdings Company Limited, Hong Kong T.C. Leung, Chairman and CEO, or Jerry Wong, CFO Tel: +852-2814-0311 Fax: +852-2873-4887 Website: http://www.euro-tech.com Blue Sky's Website: http://www.tianlan.cn
SOURCE Euro Tech Holdings Company Limited