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Euro Tech Holdings Company Limited Reports Contracts Awarded to Blue Sky

2008-08-11 07:00:00

Euro Tech Holdings Company Limited Reports Contracts Awarded to Blue Sky

    HONG KONG, Aug. 11 /Xinhua-EMWNews/ -- Euro Tech Holdings

Company Limited (Nasdaq: CLWT) today announced that its associated company,

Zhejiang Tianlan Desulfurization and Dust-Removal Co. Ltd. in Zhejiang,

China ("Blue Sky") has recently been awarded four contracts totaling US$

8.3 million by various companies in China. The contracts cover design,

manufacture, supply, and commissioning of desulfurization equipment for

various applications.



    The four contracts are for eleven FGD (Flue Gas Desulfurization)

equipment for boilers ranging from 35 tons/hour to 410 tons/hour of steam

for applications in paper and cogeneration (heat and power) plants in

Shandong, Fujian, Zhejiang and Guangdong.



    Blue Sky, founded in 2000, is a fast growing company which provides a

comprehensive service for design, general contract, equipment

manufacturing, installation, testing and operation management of the

treatment of waste gases emitted from various boilers and industrial

furnaces of power plants, steel works and chemical plants.



    Certain statements in this news release regarding the Company's

expectations, estimates, present view of circumstances or events, and

statements containing words such as estimates, anticipates, intends, or

expects, or words of similar import, constitute forward looking statements

within the meaning of the Private Securities Litigation Reform Act of 1995.

Such statements indicate uncertainty and the Company can give no assurance

with regard to actual outcomes. Specific risk factors may include, without

limitation, having the Company's offices and operations situated in Hong

Kong and China, doing business in China, competing with Chinese

manufactured products, competing with the Company's own suppliers,

dependence on vendors, and lack of long term written agreements with

suppliers and customers, development of new products, entering new markets,

possible downturns in business conditions, increased competition, loss of

significant customers, availability of qualified personnel, negotiating

definitive agreements, new marketing efforts and the timely development of

resources. See the "Risk Factor" discussions in the Company's filings with

the Securities and Exchange Commission, including its Annual Report on Form

20-F for its fiscal year ended December 31, 2007.




CONTACT: Euro Tech Holdings Company Limited, Hong Kong T.C. Leung, Chairman and CEO, or Jerry Wong, CFO Tel: +011-852-2814-0311 Fax: +011-852-2873-4887 Website: http://www.euro-tech.com Blue Sky's Website: http://www.tianlan.cn

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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