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 The Group has officially signed a strategic cooperation agreement with Chongqing Jiaotong University.
On November 4, during the first session of the Second Chongqing Jiaotong University Council Meeting and the ceremony of cooperative project of Enterprise-University-Institute whichwas successfully held at Chongqing Jiaotong University, Freetech Road Recycling Technology (Holdings) Limited and Chongqing Jiaotong University formally signed the "Chongqing Jiaotong University – Freetech Recycling Engineering Technology Research Center" strategic cooperation framework agreement.
According to the strategic cooperation agreement, the twosides will fully integrate their own advantages, like Chongqing Jiaotong University’s strong scientific research capabilities and excellent research resourcesin traffic engineering and the Group’s advanced road maintenance technologies, rich experiences in road repairs, operation and management and other advantages. They will jointly built "Chongqing Jiaotong University – Freetech Recycling Engineering Technology Research Center" as a producing, learning, research and cooperating base, and establish a long-term and effective scientific research, technology, information exchange and cooperation system, in the field of road maintenance and material recycling to implement a series of plan including scientific and technological R&D, commercialization of research findings, and personnel training.
We believe the signing of the school-enterprise strategic cooperation agreement will further enhance the Group's overall competitiveness and help it achieve leapfrog development and also build a betterinnovation and development platform for both sides.
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 9600
Fax: +852-2363 7987
ir@freetech-holdings.hk, enquiry@freetech-holdings.hk