Tri-Tech Holding Suspends India Partnership Development with Chengdu Xingrong Investment Co. Ltd.
BEIJING, Oct. 16, 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 agreed with Chengdu Xingrong Investment Co. Ltd. ("CXI") not to move forward with their partnership in India.
Tri-Tech CEO Mr. Phil Fan said, "We understand that CXI's new leadership has shifted its growth strategies, and we still will continue to look to CXI as a valuable partner in China."
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 http://www.tri-tech.cn/ir. To subscribe to future releases via e-mail alert, visit http://www.tri-tech.cn/ir/info/request.
About Chengdu Xingrong Investment Co. Ltd,
As a public traded company in China (SZ000598), Chengdu Xingrong Investment Co. Ltd., is a leading service provider focusing on comprehensive solutions protecting and improving city environment. With its major focus in water and waste water treatment, Xingrong has been awarded to operate water and waste water treatment facilities of a capacity close to 5 million ton per day in cities such as Chengdu, Xian, Lanzhou, Yinzhou, Shenzhen, Hainan, and etc. With an outstanding performance and recognition in water and waste water treatment, Xingrong marched into other environment related sectors such as landfill leachate treatment, waste incineration power generation and etc. Furthermore, Xingrong has been recognized with numerous awards domestically since 2010.
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 delay of and/or successful implementation of the Indian joint venture and competition for projects related thereto referenced herein and other statements concerning plans, objectives, goals, strategies, future events such as project payments, results of marketing efforts or performance, future government initiatives, expected actions by third parties 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.
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Tri-Tech Holding Inc.
SOURCE Tri-Tech Holding Inc.
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