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 has officially started the first stage of anUrumqi municipal road maintenance project with aservice area of 360,000m2. This is the fifth consecutive year for the Group to undertake asimilar project in Urumqi, Xinjiang Uyghur Autonomous Region, China, using its patented “Hot-in-Place” recycling technology.
This project involves the Airport Road, West Outer Ring Road and other main roads in Urumqi. With the patented “Hot-in-Place” recycling technology and byoccupying a single-lane at night, the Group has reduced waste materials emission, dust pollution, traffic disruption, long duration, loud noises and other defects.
The Group has conducted road maintenance work on more than 80 municipal roads, highways and trunk roads in Xinjiang since 2011, with a total service area of several million square meters. The “2014 Annual Transportation Construction Project Credit Evaluation Results” issued by Transport Department of Xinjiang showed that the Group was the only road maintenance company recognized as a Grade AA road construction company.
Xinjiang, an important node on the silk road economic belt,is expected to benefit from the implementation of the "One Belt and One Road" strategy. The Group’s experience and reputation in Xinjiang will enable it tomaintain itsroad maintenance market share in Xinjiang and improve its share in the North western China market in future.
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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 of30 June, 2015, the Group owned 108registered patents and had6pending patent applications in Hot-in-Place Recycling Technology and related equipment. The Group has also established ten joint ventures and associates and appointed twelve franchisees across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
Contacts:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987