Euro Tech Holdings Company Limited Reports Contract Awarded to PACT

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

Insights

Marine Environmental Technology Specialist

Euro Tech's subsidiary wins $1.2M ballast water treatment contract, boosting revenue with project completion expected by January 2026.

Euro Tech's majority-owned subsidiary PACT has secured a $1.2 million contract to provide a ballast water treatment port reception system for a Chinese state-owned petrochemical company. This comprehensive contract includes design, supply, fabrication, installation, and commissioning services for a system with an impressive 800 cubic meters per hour water treatment capacity.

This contract represents a significant advancement in maritime environmental compliance infrastructure. Ballast water treatment is critical for preventing the transfer of invasive aquatic species between different marine ecosystems when ships discharge ballast water at ports. The International Maritime Organization's Ballast Water Management Convention has created substantial market demand for these specialized treatment systems.

The project's scope suggests PACT possesses considerable technical expertise in this specialized environmental technology sector. The contract's timeline—with completion expected by January 2026—provides revenue visibility for the next 16 months. For a company of Euro Tech's size, a $1.2 million contract represents a material revenue contributor that could positively impact upcoming quarterly results.

This contract win demonstrates PACT's competitive position in China's growing environmental technology market, particularly in serving major state-owned enterprises in the petrochemical sector—a challenging industry requiring specialized water treatment solutions with stringent requirements.

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.

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SOURCE EURO TECH HOLDINGS COMPANY LIMITED

FAQ

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.