Tag Archives: Business

May 25, 2011, BEIJING, (Coal Geology) – Tri-Tech Holding Inc. (NASDAQ: TRIT), a premier Chinese company that provides leading turn-key solutions in China for water resources, water and wastewater treatment, industrial safety and the pollution control markets, today announced that its affiliate, Beijing Yanyu Water Tech Co., Ltd (“Yanyu”), has been awarded a contract for flash flood monitoring and forecasting projects valued at 20.87 million Yuan, or $3.2 million.

According to the contract, the company will establish flash flood monitoring and forecasting systems in six counties of Anhui, Shandong, and Gansu provinces. The systems include information collection sub-systems, early warning systems and early warning information dissemination platforms. The scope of work includes production, software development, equipment procurement, system integration, installation and commissioning and after-sale service. All projects are expected to be completed by the end of June 2011.

Tri-Tech Holding CEO Mr. Warren Zhao said, “With the further allocation of water conservation construction funds, flash flood prevention work in each province is in full swing. In the past few months, we actively explored the market and intensified our communications with target customers. After winning two flash flood monitoring and forecasting projects in Hunan Province and Inner Mongolia in March 2011, we pursued these projects in Anhui, Gansu, and Shandong provinces. We are now tracking potential projects in other regions to expand our market share.”

About Tri-Tech Holding Inc.

Tri-Tech designs customized sewage treatment and odor control systems for China’s municipalities and its larger cities. These systems combine software, information management systems, resource planning and local and distant networking hardware that includes sensors, control systems, programmable logic controllers, supervisory control and data acquisition systems. The company also designs systems that track natural waterway levels for drought control, monitor groundwater quality and assist the government in managing its water resources. The company is also providing comprehensive solutions in the industrial pollution control market. Tri-Tech owns 23 software copyrights and two technological patents and employs 260 people. Please visit http://www.tri-tech.cn for more information.

An online investor kit including a company profile, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.hawkassociates.com/profile/trit.cfm. To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/.

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the successful completion of the project referenced herein and other statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

SOURCE Tri-Tech Holding Inc.

May 25, 2011, WASHINGTON, (Coal Geology)- On the eve of Southern Company holding its annual meeting of stockholders in Pine Mountain, GA., the nonprofit Green America released a report today ranking the major U.S. power producer as “the United States’ most irresponsible utility.”

Titled “Leadership We Can Live Without: The Real Corporate Social Responsibility Report for Southern Company,” the Green America analysis assigns letter grades to seven major U.S. utilities on four fronts:  reliance on coal; pollution; reliance on and expansion of nuclear power; and lobbying expenditures.  Southern came in dead last with straight “F” grades in all four of the categories.

The rest of “The Dirty Seven” were ranked as follows:  (1) Exelon; (2) Entergy; (3) Dominion; (4) TVA; (5) Duke and (6) AEP (Southern Company is 7^th).  Green America’s full report is available online at http://www.greenamerica.org/go/southerncompanyreport/.

Green America Corporate Responsibility Director Todd Larsen said: “Southern Company is one of the nation’s largest utilities, with 4.4 million customers in the American Southeast. Southern Company prides itself on its relatively low rates and its consistent payment of dividends to shareholders. But while ratepayers and shareholders may appreciate these limited economic benefits, they come at a high price: the extraordinary pollution produced by Southern Company, which harms the communities it operates in, as well as fueling global warming, and the risks posed by the company’s increasing use of nuclear power and growing coal ash ponds. The real price of Southern Company’s strategy include: asthma, heart disease, lung disease, air and water pollution, global warming, and the potential for catastrophic accidents.”

Green America is far from being alone in taking a downbeat view of Southern Company.   Another measure of Southern Company’s weak record on the environment and steps to reduce its impacts, is the company’s low score on the Newsweek 2010 Green Score list, which ranks the Fortune 500 based on environmental performance. Southern Company ranks 494 out of 500 on the Green Score list. Out of the 32 utility companies included in the rankings, Southern Company ranked 30th in overall Green Score. They were also ranked 30th in the Environmental Impact Score (496th overall). They are 32nd amongst utilities on the survey reputation score (486 overall).

Consumers nationwide who want to encourage Southern Company to take action to be a true leader can do so at: http://www.greenamerica.org/takeaction/southern2011/.

WHY SOUTHERN WAS RATED THE WORST

According to Green America, while many U.S. utilities have major environmental drawbacks, Southern Company stands out as a leader overall in irresponsible practices:

• Clean Air Task Force data shows that Southern Company’s coal-fired power plants cause 1,224 deaths, 1,710 heart attacks, 20,770 asthma attacks, and 752 cases of chronic bronchitis per year. The total annual cost of all of this damage is over $9 billion.
• According to CARMA, Carbon Monitoring for Action, Southern Company is one of the top five utility emitters of carbon in the world. Southern Company’s Scherer plant emits an astonishing 26 million tons of carbon dioxide every year, making it the biggest power plant emitter of CO2 in the U.S.
• Three of Southern Company’s coal plants made Environmental Integrity Project’s top 10 list of most polluting plants in the country for their emissions of NOx, SO2, mercury, and CO2.
• Southern Company creates enormous demand for coal, which endangers the lives of miners, and puts entire communities at risk from mountain top removal mining.
• All those coal plants produce vast quantities of toxic waste. Southern Company currently has at least 22 plants that utilize “wet” storage facilities for coal combustion waste — including at least one site that the US Environmental Protection Agency (EPA) found has polluted ground and surface waters.
• Southern Company is taking the lead in building new nuclear power plants in the United States, and the nuclear plants it is planning to use have raised serious safety concerns from an expert at the Nuclear Regulatory Commission.
• According to Open Secrets, Southern Company is the leader amongst highly polluting utilities in spending millions of dollars every year on lobbyists to ensure that the status quo stays in place.

NEEDED REFORMS AT SOUTHERN

Southern Company needs to take dramatic steps to improve its corporate responsibility. Green America and its individual and business members are calling on the company to:

• Increase the proportion of energy from truly renewable sources, such as wind and solar, from the current near zero to 20 percent in the next decade and at least 80 percent by 2050.
• Phase out its existing coal plants, with a 50 percent reduction over the next decade and a 100 percent reduction by 2050.
• End the construction of new nuclear power plants, and retire existing plants within the next decade.
• Increase its outreach to its customers to improve energy efficiency, such that the states in which Southern Company operates are all in the top ten in energy efficiency in the country within the next ten years. With sufficient investments in energy efficiency, ratepayers’ total electric bills can remain low in costs.
• Take steps to radically reduce the release of CO2, NOx, SO2, and mercury to reduce environmental and health impacts locally and globally. Southern Company should seek to reduce its carbon emissions by at least 20 percent, and other pollutants by 80 percent, in the next decade. Carbon emissions should be reduced by at least 80 percent by 2050.
• Southern Company should end any lobbying efforts that oppose federal EPA regulations of pollutants, climate change emissions, and coal ash deposits, and should support the transition to a clean energy economy.

ABOUT GREEN AMERICA

Green America is the nation’s leading green economy organization. Founded in 1982, Green America (formerly Co-op America) provides the economic strategies, organizing power and practical tools for businesses and individuals to solve today’s social and environmental problems.  Go to http://www.GreenAmerica.org for more information.

 

SOURCE Green America