3 June 2010 – Tri-Tech Holding Inc. (Nasdaq: TRIT), a leading total solutions provider to China’s water resources, municipal wastewater and industrial pollution control markets, announced today the appointment of three senior executives that substantially strengthen the company’s water and wastewater treatment management team. Mr. Weidong Bi was named vice president of Tri-Tech, responsible for the company’s water and wastewater treatment project management. Mr. Qun Wang was promoted to president of Tranhold Environmental (Beijing) Tech, Co., Ltd. (Tranhold), a subsidiary company of Tri-Tech Holding, Inc. He will be responsible for managing and coordinating Tranhold’s business transactions. Mr. Zhentian Zhao was named vice president and chief engineer of Tranhold, responsible for water and wastewater treatment engineering.
Mr. Bi has more than 20 years experience in the water and wastewater treatment fields. Prior to Tri-Tech, he served as a project manager in the water treatment department of the Industry Solutions Group of Siemens Ltd., China and the Beijing Office of Chevalier (Envirotech) Ltd. With major project experience, he successfully managed and implemented numerous high-profile water and wastewater treatment design and build projects including the UF membrane purification system for the Wuxi Zhongqiao water treatment plant (treatment capacity of 150,000 m3/d), the membrane biological reactor (MBR) system for the Wuxi Xincheng water treatment plant (treatment capacity of 30,000 m3/d) and the expansion and wastewater reuse system for the Beijing Bei Xiaohe sewage treatment plant with a primary treatment capacity of 100,000 m3/d. He managed the MBR treatment system with a capacity of 60,000 m3/d for the Olympic Park and an RO system with a treatment capacity of 10,000 m3/d used as reclaimed water for the Olympic venues. His list of accomplishments also includes A2/O biological process and sludge treatment for Phase II of the Suzhou Industrial Park wastewater treatment plant with a capacity of 100,000 m3/d.
Mr. Bi earned his MS degree in environmental and chemical engineering from Nanjing University of Science and Technology in 1995 and a BS degree in environmental monitoring from East China Institute of Technology in 1988. He has held a Project Management Professional Certificate issued by the China Ministry of Labor and Social Security since 2003 and a Certificate of Senior Engineering from the Beijing municipal government since 2001.
Mr. Qun Wang joined Tranhold in 2009. With more than 20 years’ experience in engineering and business management, he holds a Senior Engineer Certificate. Prior to Tranhold, Mr. Wang was general manager of the Beijing Branch of Rightcall Technology (China) Co., Ltd. and Beijing East Bridge Co. Ltd. from 2004 to 2007. Mr. Wang served as vice president of iSoftel Ltd. China from 2001 to 2003 and he was a director of Information Technology Department at Beijing Test Control Technology Institute of Aeronautics Ministry. Mr. Wang received his MEng and BEng degrees in electronic engineering from Beijing University of Aeronautics and Astronautics in 1985 and 1988, respectively.
Mr. Zhentian Zhao joined Tranhold in 2009 and served as deputy general manager of Tranhold Tianjin Branch. He has over 30 years’ experience in management and construction of water and wastewater treatment projects, and operation of municipal wastewater treatment plants. He previously was a director of the Handan East Wastewater Treatment Plant, which was the first wastewater treatment plant in China to adopt oxidation ditch technology. He also served as deputy chief engineer of the Handan Drainage System Co. Ltd. in Hebei Province. Mr. Zhao has constructed and operated numerous wastewater treatment plants in Guangdong, Hebei and Gansu provinces. He excels in financing for water and wastewater treatment projects and is well versed in the process for government loans, Asia Development Bank loans and World Bank loans as well as the bidding process. Mr. Zhao earned his BS degree in mechanical engineering from Hebei Polytechnic University in 1977.
Chief Executive Officer Warren Zhao said, “The appointments of these three senior executives significantly strengthen the depth and experience of our water and wastewater management team. We believe their seasoned experience as well as their outstanding track records and achievements in water and wastewater treatment fields greatly enhance our competitive advantages in local, domestic and international markets. Their appointments reflect the ongoing growth of our company that values talent-oriented vision, advanced technologies and quality management. This underscores our dedication to be a leading solutions provider in the water, wastewater treatment and pollution control markets.”
About Tri-Tech Holding Inc.
Tri-Tech designs customized sewage treatment and odor control systems for China’s municipalities and its larger cities. These systems combine software, information management systems, resource planning and local and distant networking hardware that includes sensors, control systems, programmable logic controllers, supervisory control and data acquisition systems. The company also designs systems that track natural waterway levels for drought control, monitor groundwater quality and assist the government in managing its water resources. Tri-tech owns seven software copyrights and two technological patents and employs 140 people. Please visit http://www.tri-tech.cn for more information.
INVESTOR CONTACT
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Frank Hawkins
+1 305 451 1888
tritech@hawkassociates.com
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This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the successful completion of the project referenced herein and other statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
