Euro Tech Holdings Company Limited Reports Contract Awarded to PACT

Euro Tech Holdings (NASDAQ:CLWT) announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd., has secured a significant Ballast Water Treatment port reception system contract valued at $1.2 million.

Rhea-AI Summary

Euro Tech Holdings (NASDAQ:CLWT) announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd., has secured a significant Ballast Water Treatment port reception system contract valued at $1.2 million.

The contract was awarded by a Chinese state-owned petrochemical company in Guangdong province. The system will have a water treatment capacity of 800 cubic meters per hour. The comprehensive contract encompasses design, supply, fabrication, installation, and commissioning services, with project completion expected by January 2026.

Positive

• Secured significant $1.2 million contract for ballast water treatment system
• Contract provides comprehensive scope including design, supply, installation, and commissioning
• Project demonstrates expansion in environmental technology services sector

Negative

• Project completion timeline extends to January 2026, indicating lengthy revenue recognition period
• Company faces operational risks due to offices and operations in Hong Kong and China

Argus Sep 3 session

+0.72% close to close Open Argus

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On Sep 3, the day this news came out, CLWT closed 0.72% above the previous close.

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HONG KONG, Sept. 3, 2025 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded a Ballast Water Treatment port reception system contract worth approximately US$1.2 million. The purpose is to treat the ballast water at the port for a Chinese state-owned petrochemical company in Guangdong province, with a water capacity of 800 cubic meters per hour. This contract covers design, supply, fabrication, installation, and commissioning at the site, and is expected to be completed by January 2026.

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, 2024.

View original content:https://www.prnewswire.com/news-releases/euro-tech-holdings-company-limited-reports-contract-awarded-to-pact-302544624.html

SOURCE EURO TECH HOLDINGS COMPANY LIMITED

FAQ

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What is the value of the Ballast Water Treatment contract awarded to Euro Tech Holdings (NASDAQ:CLWT)?

The contract awarded to PACT, Euro Tech Holdings' majority-owned subsidiary, is worth approximately $1.2 million.

What is the water treatment capacity of CLWT's new port reception system in Guangdong?

The Ballast Water Treatment port reception system has a water treatment capacity of 800 cubic meters per hour.

When will Euro Tech Holdings complete the Ballast Water Treatment project in Guangdong?

The project is expected to be completed by January 2026.

What services are included in Euro Tech Holdings' (CLWT) new contract?

The contract includes design, supply, fabrication, installation, and commissioning services at the site.

Who awarded the Ballast Water Treatment contract to Euro Tech Holdings?

The contract was awarded by a Chinese state-owned petrochemical company in Guangdong province.