CDT Environmental Technology Investment Holdings Limited Announces Strategic Partnership with Leading Pipeline Inspection and Data Services Provider in Fujian
27 Junho 2024 - 9:00AM
CDT Environmental Technology Investment Holdings Limited (NASDAQ:
CDTG) ("CDT"), a leading provider of waste treatment systems and
services throughout China, announces the signing of a strategic
cooperation framework agreement with a local high-tech company in
Fujian Province. The collaboration leverages the complementary
strengths of both parties, with CDT contributing its government
relations, brand advantages, and expertise in waste treatment
solutions, while the partner contributes its local experience and
crucial pipeline inspection data. The result is anticipated to be a
greatly enhanced service platform, with greater access to a broader
market, and advancements to the company's competitive position in
the South China region and beyond. The initial term is set for
three years, with the option to renew upon mutual agreement.
This partnership is built on the foundation of
the partner company's extensive pipeline inspection work. In 2023,
they completed the investigation and mapping of over 4,000
kilometers of sewage pipelines in Fujian Province, amassing a
wealth of critical infrastructure data. Under this agreement, CDT
will receive real-time access to valuable pipeline data, that will
allow CDT to access the comprehensive knowledge base of current
infrastructure conditions accumulated by the partner, develop
targeted, efficient solutions for potential projects, engage
proactively with government entities on upcoming water treatment
needs, and position itself strategically for future contract
opportunities in municipal pipeline maintenance, dredging, and
sewage treatment.
"Our partner's extensive experience in pipeline
inspection and their accurate, comprehensive data will provide a
strong foundation for our cooperation," said Li Yunwu, CEO of CDTG.
"This partnership allows us to better understand infrastructure
needs and provide more targeted, efficient solutions for our
customers in this large market that is estimated to be
approximately $20 billion per year. Adhering to the principles of
complementary advantages and mutual benefits, we look forward to
contributing to water environmental protection efforts in Fujian
and potentially nationwide."
To ensure smooth implementation, the partnership
will establish a joint working group to clearly define
responsibilities and promote progress. The two parties will carry
out comprehensive cooperation in areas such as municipal pipeline
inspection, dredging maintenance, and sewage treatment. Market
observers generally look forward to this cooperation, anticipating
that CDT will further enhance its market competitiveness by
leveraging its partner's technical expertise and local
experience.
About CDT Environmental Technology
Investment Holdings LimitedCDT, headquartered in Shenzhen,
China, is a leading national player in China's waste treatment
sector that designs, develops, manufactures, sells, installs,
operates and maintains sewage treatment systems and provides sewage
treatment services in China, and is dedicated to promoting
sustainable development through innovative solutions. Founded by
pioneers in waste treatment, CDT aims to advance next-generation
technologies that directly address environmental challenges and
promote sustainable solutions. CDT is a recognized brand in China
and is committed to innovation and customer satisfaction.
CDT’s mission is to help its customers achieve
their critical infrastructure objectives while enabling positive
change in technological environmental protection. It collaborates
with industry leaders, environmental experts, and stakeholders to
develop and implement advanced waste treatment solutions. Recently
listed on the Nasdaq Capital Market, CDT is a prominent player in
the waste treatment market, capable of providing comprehensive
solutions to diverse customer needs, and has completed more than
150 plants across China.For more information, visit CDT’s website
at https://www.cdthb.cn.
Forward Looking StatementsThis
press release contains forward-looking statements that are based on
the beliefs and assumptions of the management of CDT and on
information currently available to such management. These
forward-looking statements are subject to numerous risks and
uncertainties, many of which are beyond CDT’s control. Words such
as “will,” “future,” “expects,” “believes,” and “intends,” or
similar expressions, are intended to identify forward-looking
statements. All statements, other than statements of
historical fact, contained in this press release, including
statements regarding future events, future financial performance,
business strategy and plans, and objectives of CDT for future
operations, are forward-looking statements. Although CDT does not
make forward-looking statements unless it believes it has a
reasonable basis for doing so, CDT cannot guarantee their accuracy.
These statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, levels of activity, performance or achievements of CDT and
its markets to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on any forward-looking statement. CDT undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable law.
Investor and Media
ContactUnited States
Core IRPeter Seltzberg, SVP Investor Relations
and Corporate Advisoryinvestors@cdthb.cn
212-655-0924www.CoreIR.com
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