HONGKONG--(Business Wire)--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading and fast-growing asphalt pavement maintenance service provider, announced thatthe Group had successfully completedroad maintenance project of Binbao Expressway and Jinji Expressway totalling350,000m2 in Tianjin City, using its patented “Hot-in-Place” recycling technology.
Tianjin City isa direct-controlled municipality of the People's Republic of Chinaand an international port city, shipping center and logistics center, whileBinbao Expressway and Jinji Expresswayare the main roads connectingTianjin City with Beijing City and Hebei Province. During the project, only one lane of the expressways was occupiedat a time where the average daily traffic volume exceeds 50,000 vehicles. Despite frequent relocations and complicated road conditions,the Groupachieved a peak pace of 10,000m2 service area per set of equipment per day while the test indexes were well meeting the national regulatory requirements.
The project has significantly improved the road roughness, breakage and rutting indices with a shortened duration of maintenance, preparing both of the expressways for a national trunk highway maintenance management inspection to be started by China’s Ministry of Transportin September 2015.
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Hot-in-Place Technology is used in asphalt pavement maintenance, an on-site, in-placetechnology that rehabilitates deteriorated asphalt pavementsthrough heating, scarifying and mixing the damaged asphaltmaterials with new materials and thereby minimises the use ofnew materials. The primary purpose of this process is torepair pavement damages such as cracks, ruts and holes, andbumps.
About Freetech Road Recycling Technology(Holdings) Limited (Stock Code: HK.6888)
Freetech Road Recycling Technology is the asphalt pavement maintenance (“APM”) service provider renowned in the sector for its Road Doctor brand with patented Hot-in-Place Recycling Technologyas well as the manufacturer and seller of a wide range of APM equipment. As of31 December, 2014, the Group owned 97registered patents and had 14 patent applications pending in Hot-in-Place Recycling Technology and related equipment. The Group has also established ten joint ventures and associates across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987