Freetech Wins Bid on Equipment Procurement Project With Hainan Province Highway Department

HONG KONG--()--Freetech Road Recycling Technology (Holdings) Limited (“Freetech,” or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, announced that the Group's major subsidiary won a bid on bulk equipment procurement project with Hainan Province Highway Department and will provide 13 sets of asphalt pavement multi-purpose maintenance equipment.

Leveraging on our practical design which meets the demands of the first-line work areas, highly integrated features, and efficient, environmental friendly and energy saving characteristics, the Group was able to stand out among the competitors and got this one-off 13 sets of bulk equipment procurement project.

It is known that Hainan Province Highway Department purchased 3 sets of asphalt pavement equipment manufactured by the Group last year, which received excellent service results and feedback. This one-off 13 sets of equipment bought this time will be allocated to its local city highway bureaus within Hainan Province to conduct the maintenance works of highways and state roads. For us, this project is the second successful sample of the bulk equipment sales following the sales of 10 sets of Freetech integrated asphalt pavement maintenance equipment to Nanjing municipal system.

We believe that getting the bulk equipment procurement project from Hainan Province Highway Department will actively drive the demand of the market. Meanwhile, the Group will further develop its technological advantages and energetically expand the business area, which can attract more clients.

About Freetech Road Recycling Technology (Holdings) Limited (Stock Code: HK.6888)

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 30 June 2016, the Group owned 113 registered patents and had 15 pending patent applications in Hot-in-Place Recycling Technology and related equipment.

Contacts

Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987
ir@freetech-holdings.hk, enquiry@freetech-holdings.hk
or
This press release is issued by Financial PR (HK) Limited on behalf of Freetech. For further information, please contact:
Financial PR (HK) Limited
Mr. James Lo, (852) 2610-0846
Fax: (852) 2610-0842
jameslo@financialpr.hk
or
Mr. Eason Sun, (852) 2610-0846
Fax: (852) 2610-0842
easonsun@financialpr.hk

Release Summary

Freetech's major subsidiary won a bid on equipment procurement project with Hainan Province Highway Department, will provide 13 sets of asphalt pavement multi-purpose maintenance equipment.

Contacts

Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987
ir@freetech-holdings.hk, enquiry@freetech-holdings.hk
or
This press release is issued by Financial PR (HK) Limited on behalf of Freetech. For further information, please contact:
Financial PR (HK) Limited
Mr. James Lo, (852) 2610-0846
Fax: (852) 2610-0842
jameslo@financialpr.hk
or
Mr. Eason Sun, (852) 2610-0846
Fax: (852) 2610-0842
easonsun@financialpr.hk