Tri-Tech Holding Suspends India Partnership Development with Chengdu Xingrong
Investment Co. Ltd.
BEIJING, Oct. 16, 2013
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.
(Logo: http://photos.prnewswire.com/prnh/20100603/CNTH016LOGO )
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
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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
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
For more information, please contact:
Tri-Tech Holding Inc.
+86 10 57323666
SOURCE Tri-Tech Holding Inc.
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