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, announces that Group has successfully completed the Xinjiang Changji Z902 Manasi road maintenance project.
The road section in the Z902 road maintenance project was positioned as the only gateway to the Manasi Railway Station and G30 Lianhuo Expressway, which raised more high-level requirements for theworking speed. In this project, by using the high grade Hot-in-Place recycling equipment, the Group has accomplished more than 2 km maintenance length within one day and the daily construction volume reached 12,000 square meters, representing a remarkable success. In addition, the Group reduced traffic congestion, eliminated waste emissions and fully demonstrated the characteristics of the Group's technology and comprehensive advantages by using the Hot-in-Place recycling technology. It is estimated that this maintenance project will bring remarkable energy-saving effect by reducing 9,600 tons of waste asphalt mixture emissions, saving 6,000 tons of new asphalt mixture materials, and reducing 265 tons of carbon dioxide emissions and 1,037,500 cubic meters of exhaust emissionscompared to the traditional methods.
The successful completion of this project reflects that the Group's technologies can be effectively used in the Xinjiang Autonomous Region. In the future, the Group will continue to expand its business scope andbring some new profit growth points to investors.
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 30 June 2016, the Group owned 113registered patents and had15pending 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.
Contact:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600Fax: +852-2363 7987