Tri-Tech Holding Wins Multiple Contracts in Water and Water Resources Management

    Tri-Tech Holding Wins Multiple Contracts in Water and Water Resources
                                  Management

PR Newswire

BEIJING, Dec. 11, 2012

BEIJING, Dec. 11, 2012 /PRNewswire-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 several contracts for wastewater
treatment, high-rising building water supply equipment procurement and flash
flood forecasting projects. The aggregate value of all contracts is
approximately $3.2 million (approximately RMB 20.15 million).

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

According to the contracts, the company will provide water supply system
procurement services for three real estate development projects and one new
university project in Beijing, and wastewater treatment system procurement
services for a new subway station in Beijing, and flash flood early warning
and forecasting systems for several counties in Guangxi, Fujian and Hubei
provinces. Tri-Tech expects to complete all the water supply projects between
the end of December 2012 and April 2013 and to complete the flash flood
forecasting projects between March 2013 and August 2013.

Mr. Gavin Cheng, Joint CEO of Tri-Tech Holding said, "We are pleased to share
news of these contracts with our shareholders. In addition, we have made
noticeable progress in expanding our market presence in water and water
resources management in the fourth quarter. At the same time we are seeking
new business opportunities, we are also working with a top quality advisory
firm to streamline our organizational structure to reduce our costs and
expenses while maintaining efficiency. We believe these efforts will help us
control our operational expenses. We continue to improve our accounts
receivable, particularly for several large projects. We have received cash
advances for our Buxar and Begusarai projects from BUIDCo, the customer of the
Indian Bihar sewage systems projects, in mid-October and mid-November,
respectively. The Bihar projects are currently being implemented as scheduled,
and we anticipate further cash payments as the projects continue to move
forward."

About Tri-Tech Holding Inc.

Tri-Tech designs customized sewage treatment and odor control systems for
municipalities and private sectors in China and abroad. 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 Chinese
government in managing its water resources. The company is also moving into
the industrial pollution control market. Tri-Tech owns 39 software copyrights
and 11 product patents, and employs approximately 474 people. Please visit
www.tri-tech.cn for more information.

An online investor kit including a company profile, presentations, press
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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 projects referenced
herein and other statements concerning plans, objectives, goals, strategies,
future events such as project payments, results of marketing efforts 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, 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.

Tri-Tech Holding Inc.

www.tri-tech.cn
IR Department
+86 10 57323666
ir@tri-tech.cn

SOURCE Tri-Tech Holding Inc.

Website: http://www.Tri-Tech.cn
 
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