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, announcedthat the company successfully completed Jiangsu S250 provincial road maintenance project in Suqian City, using its Hot-in-Place recycling technology.
Connecting Shandong Province in the north and Suqian City in the south, S250 provincial road is the south-north mainline running through the northern part of Jiangsu Province, supportingthe urban construction and development of the city of Suqian. Due to the rapidly growing traffic burden of the provincial road, overrun and overloaded vehicles caused serious damages to the road pavement, such as ruts, transverse cracks and other diseases. The challengeof this maintenance project is that the proprietorrequested the Group not only to maintain the road pavement, but also improve the road performance by adjusting the road gradation.
StartingApril this year, the FreetechGroup had been working on the project with equipment and expertise,and had successfully raisedthe original road grading of S250 from AC-13 to Sup-13, marking a technological breakthrough of its kind in China. The test report showed that both the Freetech’sbitumen aggregate ratio and gradation of recycled asphalt mixture had met the requirements in the design documentation. After maintenance, the provincial trunk highway S250was refreshed and its flatness indexeven far exceededthe standard highway requirements.
This project fully demonstrated the advantages and uniqueness of the Group’s technology which will help expand the business scope, bring new revenue and contribute to profit growth.
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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 31 December 2015, the Group owned 111registered patents and had11pending 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.
Contact:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987