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, announcedthat Jiangsu Engineering Research Center for Asphalt Hot-in-Place Recycling recentlyused China’s most advanced multi-purpose road testing vehicle to testthe quality of Nanjing Xuanwu Road maintenance section performed by the main subsidiary of the Group, Freetech Road Recycling Corporation, using the Hot-in-Place recycling technology in 2008. Data indicate that the pavement damage ratio remained zero without any potholes, crackers orother road diseases, while the flatness, depth of the rut and other indicators still met the road traffic requirements after 8 years.
As the east entrance and exit of Nanjing City, Xuanwu Road is an express way connecting the inner ring road around the city. According to the data recently released by the traffic control department of Nanjing, the average daily traffic flow of the Xuanwu Road is over 131,000 vehicles in the top 2busiest road in the whole city.In 2008, Nanjing Municipal Government listed the Xuanwu Road rapid maintenance project as one of the ten practical projects for the local citizens. By using the Hot-in-Place recycling technology, the maintenance work made the pavement which suffered frombleeding, ruts and other road diseases look completely new in a short time.
This project once again demonstratedthe advantages of the Group, especially the excellent durability of Hot-in-Place recycling technology. The Group believes that thedemonstration effect of thisproject will contribute extra income in future.
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About FreetechRoad 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 31 December 2015, the Group owned 111registered patents and had11pending patent applications in Hot-in-Place Recycling Technology and related equipment. The Group has also established 11 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.
Contact:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987