Hong Kong--(Business Wire)--Freetech Road Recycling Technology (Holdings) Limited(“Freetech”, or the “Group”; stock code: HK.6888), a leading and fast-growing asphalt pavement maintenance service provider,announced that the Group had officially started a road maintenance project totalling 450,000m2 in Tongliao City of Inner Mongolia Autonomous Region, China, using its patented “Hot-in-Place” recycling technology.
This project includes Chuangye Road, the main road of the Economic and Technological Development Zone, and 10 other municipal roads in Tongliao City, a key transportation hub of the Inner Mongolia Autonomous Region.
Maintenance work on municipal roads, especially those with heavy traffic, involves many difficulties, such as limited maintenance time, high traffic volume and dust and waste emission issues. By using the patented “Hot-in-Place” recycling technology, the Group could complete a maximum of 10,000m2 service area per day, while only occupying one lane of the road at a time with less traffic interruption and waste materials emission, and recycling 100% of the pavement materials.It is the third time that the Group has conducted municipal road maintenance work in Tongliao City since 2011.
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About Hot-in-Place Technology
Hot-in-Place Technology is used in asphalt pavement maintenance, an on-site, in-place technology that rehabilitates deteriorated asphalt pavements through heating, scarifying and mixing the damaged asphalt materials with new materials and thereby minimises the use of new materials. The primary purpose of this process is to repair pavement damages such as cracks, ruts and holes, and bumps.
About Freetech Road Recycling Technology(Holdings) Limited (Stock Code: HK.6888)
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 of 31 December, 2014, the Group owned 97 registered patents and had 14 patent applications pending in 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.
Media Enquiries:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: (852) 2363 7987
ir@freetech-holdings.hk, enquiry@freetech-holdings.hk