HONG KONG--(BUSINESS WIRE)--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: 6888.HK), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, is pleased to announce the official launch of road testing business by wrapping up the first project in this area.
Road maintenance involves comprehensive testing, solution making, equipment selecting and other processes, as well as the ultimate implementation. The testing accuracy directly influences the succeeding maintenance operations. The multi-purpose road testing vehicle, the falling weight deflectometer and other equipment imported by the Group are industry-leading road inspection vehicles with the advantages of high intelligence, speed and precision.
Recently, the Group has completed its first road testing project for seven municipal-level roads in Shantou City of Guangdong Province, as well as provided professional road maintenance planning and advice. The project brought good market feedback and extensive local television reports. The management of the Group commented that the testing business will help the Group enter into another market section of the Group, which will be able to explore new revenue sources and create more profit opportunities.
About Freetech Road Recycling Technology (Holdings) Limited (Stock Code: 6888.HK)
Freetech Road Recycling Technology is a leading integrated solution provider using the Hot-in-Place recycling technology in the asphalt pavement maintenance industry renowned for its Road Doctor brand. As of 31 December 2015, the Group owned 111 registered patents and had 11 pending patent applications in Hot-in-Place Recycling Technology and related equipment. The Group has also established 11 joint ventures and associates and appointed 12 franchisees across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
