Hong Kong--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: 6888.HK), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, is pleased to announcethe official launch of road testing business bywrapping upthe first project in this area.
Road maintenance involves comprehensive testing, solutionmaking, equipment selecting and other processes, as well as the ultimate implementation. The testing accuracy directly influences the succeeding maintenance operations. The multi-purpose road testing vehicle, thefalling weight deflectometerand other equipment importedby the Group are industry-leading road inspectionvehicleswith the advantages of high intelligence, speed and precision.
Recently, the Group has completed its first road testing project for seven municipal-level roadsin Shantou City of Guangdong Province, as well as provided professional road maintenance planning and advice. The project brought good market feedback and extensive local television reports. The management of the Group commented that the testing business will help the Group enter into another market section of the Group, which will be able to explore new revenue sources and create more profit opportunities .
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About FreetechRoad Recycling Technology(Holdings) Limited (Stock Code: 6888.HK)
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