Project Highlights the Many Advantages of the Group's "Hot-in-Place" Technology
Hong Kong, Sept 11, 2014 - (ACN Newswire) - Freetech Road Recycling Technology (Holdings) Limited ("Freetech", or the "Group;" stock code: 6888), a leading service provider in the asphalt pavement maintenance ("APM") industry, specialising in "Hot-in-Place" recycling technology, today announced that it has completed approximately 700,000 square metres of road maintenance work for the 2nd Summer Youth Olympic Games in Nanjing ("Nanjing Youth Olympic Games"), leveraging the aforesaid technology.
In order to achieve the objective of "Green Youth Olympic Games", the Nanjing municipal government requested to implement a "low-carbon, environmentally friendly and green" concept in respect of works associated with the sporting event. Being one of the parties involved in preparatory work ahead of the Nanjing Youth Olympic Games, the Group echoed the request of the local government and assisted the Nanjing municipal government administration in realising its green goals. During the first half of 2014, the Group flawlessly completed approximately 700,000 square metres of road maintenance work (the "Project"), that subsequently highlighted the many attributes of the Group's "Hot-in-Place" technology, which include:
1. Fast construction speed The daily capacity of a single set of modular series reached up to approximately 15,000 square metres despite the complex urban roadways of the Project. 2. Minimum traffic disruption During construction, the Group's "Hot-in-Place" technology only occupied one lane of the road, with other lanes remaining open, thus minimising traffic disruptions.3. Environmental friendly The Group's "Hot-in-Place" technology completely recycled the original road asphalt mixture materials, resulting in zero wastage and, conversely, enabled the Project to avoid acquiring large amounts of new asphalt mixture materials.
Mr Sze Wai Pan, Chairman of Freetech said, "We are thrilled about the Group's involvement in this project since it has enabled us to fully demonstrate the many strengths of our "Hot-in-Place" technology. We are also delighted that this move has been widely covered by the newspaper and television media in Nanjing, which is clearly in recognition of our accomplishment. As a leading service provider of "Hot-in-Place" recycling technology in the asphalt pavement maintenance industry, the Group remains optimistic about its long-term prospects and remains committed to upholding its development principle - 'Efficient use of technology to create multi-win situation', and generating better returns for its shareholders."
About Freetech Road Recycling Technology (Holdings) Limited
Freetech Road Recycling Technology is the asphalt pavement maintenance ("APM") service provider renowned in the sector for its "Road Doctor" brand with patented "Hot-in-Place" Recycling Technology as well as the manufacturer and seller of a wide range of APM equipment. As at 30 June 2014, the Group owned 94 registered patents and had 8 patent pending applications n "Hot-in-Place" Recycling Technology and related equipment. The Group has also established ten joint ventures and associates across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
Source: Freetech Road Recycling Technology (Holdings) Limited
Contact:
Strategic Financial Relations Limited Vicky Lee Tel: (852) 2864 4834 / 9471 2009 Email: vicky.lee@sprg.com.hk Karen Tang Tel: (852) 2114 4951 / 9485 6393 Email: karen.tang@sprg.com.hk Stephanie Liu Tel: (852) 2864 4852 / 9616 6167 Email: stephanie.liu@sprg.com.hk Fax: (852) 2527 1196
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