HONG KONG--(BUSINESS WIRE)--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 has successfully sold its first heavy asphalt pavement maintenance vehicle to the Civic and Municipal Affairs Bureau of Macau (“Macau Bureau”).
Since the narrow roads are burdened with heavy traffic in Macau, conducting road maintenance work on them could easily lead to traffic disturbances and congestion and cause significant inconvenience to local residents. In response to the existing challenge in Macau's municipal road maintenance work, Freetech introduced the Group's Hot-in-Place recycling equipment whose low noise and interference features, which will greatly reduce the impact on traffic, improve the maintenance efficiency and quality of small to medium scale projects, which could benefit local residents.
After further communication, representatives of the Macau Bureau visited Freetech in Hong Kong to investigate the maintenance operation using Freetech Hot-in-Place recycling equipment in August 2016. Highly recognized by Macau Bureau for its rich maintenance experience and leading technology, the Group stood out in the subsequent public tender, and successfully won purchase orders for heavy asphalt pavement maintenance vehicles.
Freetech is committed to providing government departments around the world with fast and efficient road maintenance solutions. The Group believes that the successful equipment deal will better demonstrate the Group's core competitiveness and bring potential business opportunities in the near future.
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. The Group has also established 12 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.