King Tech International Limited - Re Contract
Asphalt-Rubber Consulting and Supply Contract Win for the Government Major Research Program in Xinjiang, PRC.
King Tech International Limited ("King Tech" or "the Company") is pleased to announce that the Company has joined the Major Research Programme under the Department of Communications of the Xinjiang Uygur Autonomous Region (XDC), and was awarded an Asphalt-Rubber (AR) consulting and supply contract. The contract portion to supply AR and relevant technical services was duly completed.
The purpose of the XDC Major Research Programme is to investigate the use of new paving technologies and materials for the heavy trafficked Xinjiang transportation system, including the use of multi-benefit AR. A recently completed section of AR roadway is a milestone towards an expected fuller implementation of AR in the region in 2010.
Paul Lee, Group CEO of King Tech, stated that "It is a great achievement that King Tech has been able to secure this particular contract and under the Major Research Programme is now working closely with the Xinjiang government authorities for a more efficient road system and hence a greener environment.
This showcase Programme enables us to further grow our portfolio for projects in this self-governing autonomous region."
The Company is currently negotiating on further projects within the Xinjiang capital city, Urumuqi and other areas of the autonomous region.
"The Directors take responsibility for this announcement".
Notes to editors
About KING TECH:
King Tech International Limited (KING TECH) is an environmental technology company and principally produces and supplies Asphalt Rubber ("AR") (obtained by shredding used tyres) for paving roadways in China. AR was invented in 1960's and has proved advantageous over the use of conventional paving roadway substances, such advantages include high durability, high versatility, cost reduction, noise reduction, improved driving safety and other environmental benefits. KING TECH is a member of the Rubber Pavements Association (USA) and the Company's technical team includes AR experts from US, China and other parts of Asia. KING TECH also owns a laboratory for AR related design and research. KING TECH works with Chinese government authorities, state-owned enterprises as well as private companies in the PRC and Hong Kong. KING TECH is quoted on the PLUS market (www.plusmarketsgroup.com) under the symbol "KTIP"
About Department of Communications of the Xinjiang Uygur Autonomous Region:
Under the Ministry of Communications, the Department of Communications of Xinjiang (XDC) manages the transportation system in the region including a 145,000km roadway network and over 1,000km of trunk roads. With economic and geographic concerns, the XDC is investigating the use of cost effective, durable and safe pavement material for the roadway system.
About Xinjiang Uygur Autonomous Region:
Xinjiang Uygur Autonomous Region locates in the northwest of China spanning 1.6 million km2, one-sixth of the China's territory. Xinjiang has rich energy resources such as minerals, coal, petroleum and natural gas as well as grain, fruits, cotton and textile products. Ground transportation is a major business in the region. Xinjiang has a population of 21 million people consisting of various minority ethnic groups with their own cultures including Uygur, Han, Kazakh and Hui.
References:
http://2006.moc.gov.cn/06xinjiang/
http://www.chinahighway.com/news/2008/233752.php