CDT Environmental Technology Investment Holdings Limited Establishes Partnership with Fortune 500 Company's Subsidiary to Jointly Bid for Large-Scale Sewage Treatment Facility in Hengqin, China
22 5월 2024 - 9:01PM
CDT Environmental Technology Investment Holdings Limited (NASDAQ:
CDTG) ("CDT"), a leading provider of waste treatment systems and
services throughout China, announces the formation of a consortium
with a wholly-owned subsidiary of a Fortune Global 500 company to
jointly bid for a substantial sewage treatment plant project in
Hengqin, China. CDT's partner subsidiary is a key participant in
China's Belt and Road Initiative, with a multi-billion yuan
asset-base and currently with an extensive portfolio of
international projects underway, primarily in Asia and Africa. The
total contracted value is estimated to be worth approximately 1.16
billion Yuan (USD $160 million) upon award.
The Hengqin project, which is being spearheaded
by the Chinese government under an approved budget of 1.16 billion
Yuan, consists of three phases, which are expected to ultimately
establish a 400,000 tons/day water purification facility spanning
16.4 hectares. Phase 1 aims to achieve an initial treatment
capacity of 100,000 tons/day. Construction timelines are subject to
factors including site preparation, pipe network construction, and
other prerequisites, and the project’s funding has been guaranteed
by the local municipalities being served by the facility.
Under the consortium structure, the companies
will each leverage their respective strengths by splitting project
scopes, with one party potentially leading civil works while the
other focuses on equipment supply and process engineering. This
strategic partnership combines CDT's extensive waste treatment
expertise with its partner's strong engineering capabilities and
track record on mega-projects, positioning the consortium favorably
to secure this major contract.
"Collaborating with such an exceptional industry
leader significantly bolsters our prospects on this vital project
for the region," said Yunwu Li, CDT CEO. "By joining forces, we can
deliver comprehensive, world-class solutions that ensure the
long-term environmental sustainability of Hengqin's waterways and
ecosystem."
About CDT Environmental Technology
Investment Holdings LimitedCDT, headquartered in Shenzhen,
China, is a leading national player in China's waste treatment
sector that designs, develops, manufactures, sells, installs,
operates and maintains sewage treatment systems and provides sewage
treatment services in China, and is dedicated to promoting
sustainable development through innovative solutions. Founded by
pioneers in waste treatment, CDT aims to advance next-generation
technologies that directly address environmental challenges and
promote sustainable solutions. CDT is a recognized brand in China
and is committed to innovation and customer satisfaction.
CDT’s mission is to help its customers achieve
their critical infrastructure objectives while enabling positive
change in technological environmental protection. It collaborates
with industry leaders, environmental experts, and stakeholders to
develop and implement advanced waste treatment solutions. Recently
listed on the Nasdaq Capital Market, CDT is a prominent player in
the waste treatment market, capable of providing comprehensive
solutions to diverse customer needs, and has completed more than
150 plants across China.
For more information, visit CDT’s website at
https://www.cdthb.cn.
Forward Looking StatementsThis
press release contains forward-looking statements that are based on
the beliefs and assumptions of the management of CDT and on
information currently available to such management. These
forward-looking statements are subject to numerous risks and
uncertainties, many of which are beyond CDT’s control. Words such
as “will,” “future,” “expects,” “believes,” and “intends,” or
similar expressions, are intended to identify forward-looking
statements. All statements, other than statements of
historical fact, contained in this press release, including
statements regarding future events, future financial performance,
business strategy and plans, and objectives of CDT for future
operations, are forward-looking statements. Although CDT does not
make forward-looking statements unless it believes it has a
reasonable basis for doing so, CDT cannot guarantee their accuracy.
These statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, levels of activity, performance or achievements of CDT and
its markets to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on any forward-looking statement. CDT undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable law.
Investor and Media
ContactUnited States
Core IRPeter Seltzberg, SVP Investor Relations
and Corporate Advisoryinvestors@cdthb.cn
212-655-0924www.CoreIR.com
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