Euro Tech Holdings Company Limited Reports Contracts Awarded to Jia Huan
HONG KONG, May 14 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its associated company, Zhejiang Jia Huan Electronic Co. Ltd., Zhejiang, China ("Jia Huan") has recently been awarded multiple contracts totally about US$ 1.5 million in China. The contracts cover design, manufacture, supply, and commissioning of electric voltage control equipment for ESP (electrostatic precipitators).
The contracts are for equipment for ESP used to remove dust from stacks in various power plants in Shanxi, Lanzhou, Chongqing, Chengdu and Fujian.
About Jia Huan
Jia Huan, an established and profitable company, has been in business since 1969. 95% of Jia Huan's business is related to air pollution control and less than 5% is for water and wastewater treatment. Jia Huan designs and manufactures automatic control systems and electric voltage control equipment for electrostatic precipitators which are major air purification equipment for power plants, cement plants and incinerators to remove and collect dust and pollutants from the exhaust stacks.
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 Jia Huan's Website: http://www.jiahuan.com
SOURCE Euro Tech Holdings Company Limited