Freetech Successfully Completed Ningbo Municipal Road Maintenance Project in Zhejiang Province

Mar 05, 2015 10:00 JST

Source: Freetech Road Recycling Technology (Holdings) Ltd

HONG KONG, Mar 05, 2015 - (ACN Newswire) - Freetech Road Recycling Technology (Holdings) Limited ("Freetech", or the "Group;" stock code: 6888), a leading and fast-growing service provider in the asphalt pavement maintenance ("APM") industry using "Hot-in-Place" recycling technology, today announced that it had been the second time for the Group to take Ningbo municipal road maintenance order and successfully complete the project.

Ningbo City is a sub provincial city in Zhejiang Province of the People's Republic of China, the hub of the Yangtze River Delta Region and the economic centre of Zhejiang Province. In addition, the largest domestic cargo throughput, Ningbo-Zhoushan Port is also located in Ningbo City. Jiangnan Road, where the road maintenance services were provided, is the main east-west road of Ningbo City. The maintenance area had intersections with six north-south roads and high traffic volume of heavy vehicles went to the port. Also, the road foundation is made from the soft soils which allow the cracks damage easily emerges on the asphalt surface. Under these conditions, the owner more focused on the quality and the speed of the road maintenance.

By using the patented Hot-in-Place recycling technology and equipment, the Group only took half of the duration as scheduled in the contract and successfully cured the cracks damage. A qualified independent third party testing institution has issued a report stating that the test indexes of this project after the road maintenance services have satisfied the national regulatory requirements. Meanwhile, the Group technology has increased the shear resistance of the road by two to three times which can postpone the emergence of the damage in the future.

Besides, this was the second time for the Group to obtain the road maintenance contract, following the successful completion of Ningbo municipal road maintenance work in August, 2012.

About Hot-in-Place Technology
Hot-in-Place Technology is used in asphalt pavement maintenance, an on-site, in-place technology that rehabilitates deteriorated asphalt pavements through heating, scarifying and mixing the damaged asphalt materials with new materials and thereby minimises the use of new materials. The primary purpose of this process is to repair pavement damages such as cracks, ruts and holes, and bumps.

Contact:

Freetech Road Recycling Technology (Holdings) Limited
Tel:   (852) 2330 9600
Email:  ir@freetech-holdings.hk, or enquiry@freetech-holdings.hk 
Fax:   (852) 2363 7987  

Strategic Financial Relations Limited
Vicky Lee      Tel: (852) 2864 4834  Email: vicky.lee@sprg.com.hk 
Stephanie Liu  Tel: (852) 2864 4852  Email: stephanie.liu@sprg.com.hk
Fax: (852) 2527 1196

Source: Freetech Road Recycling Technology (Holdings) Ltd
Sectors: Daily Finance, Daily News