Freetech Successfully Completes Large-Scale Project to Upgrade Manholes in Xiamen City
HONG KONG--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, announced that the company successfully completed a large-scale project to upgrade manholes in Xiamen City using its asphalt pavement Hot-in-Place patching vehicle (the “patching vehicle”). Leveraging its advanced technology and equipment, the Group perfectly met the relevant requirements of the Chinese Government in municipal roads maintenance work.
As early as 2012, the Group’ patching vehicles were successfully applied in the upgrade projects of approximately a thousand adjustable manholes on main roads of many islands in Xiamen City. Recently, the Group used the patching vehicles to successfully facilitate Haicang Urban Construction Group’s upgrade of approximately four hundred manholes again on the local roads in Haicang District, Xiamen City. With a high degree of mechanization and integration of the Group‘ patching vehicle, the maintenance work only required one patching machine with higher efficiency than the traditional methods, and occupied only one lane during the maintenance, which showed the low traffic interference. Meanwhile, the recycling rate of the old pavement materials reached close to 100%, the low-carbon and environment-friendly features of the technology were fully demonstrated.
In China, Fujian, Jiangxi, Hunan, Zhejiang and other provincial governments have explicitly required the gradual upgrade of the local manholes, and the group expects that the successful application of the Group’s patching vehicles in large-scale manhole upgrading project in Xiamen City will further accelerate its equipment sales and related business.
About Freetech Road 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 111 registered patents and had 11 pending 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.
