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Euro Tech Holdings Forms Joint Venture with Sea Clean in Norway
Euro Tech Holdings Company announces its entry into Norway through a 50/50 joint venture agreement signed between Sea Clean AS and its wholly owned subsidiary, Euro Tech Global Pte Ltd. CleanPACT Environmental and Marine Engineering AS is the name of the JV company. CleanPACT will serve as a Customer Experience Center for port ballast water treatment, offering customers hands-on demonstrations, expert servicing, realistic simulations, and tailored training with the company's next-generation mobile hybrid system designed to treat ballast water from UV and electrolysis type ballast water treatment systems that do not meet discharge compliance requirements aboard vessels. The JV combines the company's technology, expertise, and capabilities with Sea Clean's local knowledge, port experience, and market reach to clients. Sea Clean is now setting up and commissioning the PortoBallast which has recently arrived at Sea Clean's port site in Torvastad, Norway. In addition, the new JV will promote the PortoBallast across Scandinavia as a stepping stone to entering the European market. The company believes this positioning will give it a new sales platform for global promotion.
Euro Tech Partners with Sea Clean AS for Hybrid Facility Launch
Euro Tech Holdings announces that it has shortlisted a strategic partner, Sea Clean AS, to launch its next-generation hybrid Ballast Water Port Reception & Treatment Facility in Norway. Sea Clean AS will provide both the land adjacent to the seashore for the facility and on-site operational services for future vessel needs. The mobile facility is scheduled for dispatch to Sea Clean's port site in Torvasted, Norway, in early July. To support this project's launch, the Company will promote the new system's features at SMM 2026 in Hamburg, Germany - one of the world's largest maritime trade fairs taking place from September 1 to 3.
Euro Tech Holdings Approves Buyback of Up to 250,000 Shares
Euro Tech Holdings announced that its Board of Directors has approved a program to repurchase up to 250,000 shares of its issued and outstanding ordinary shares for an aggregate purchase price of up to $350,000. This gives the company the ability to repurchase its shares in the open market or through negotiated or block transactions from time to time based on market and business conditions over the next 12 months.
Euro Tech Holdings subsidiary secures $2.1 million contract
Euro Tech Holdings announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company, has recently been awarded a contract worth approximately $2.1M. The project aims to provide both sewage and potable water treatment solutions at a uranium mining site for a French-Mongolian joint venture energy company in Mongolia, which has a total capacity of 300 tons and 360 tons per day for sewage and potable water treatment solutions, respectively. The contract covers design, supply, fabrication and commissioning and is expected to be completed by August 2026.
Euro Tech Holdings' Subsidiary Secures $1.2M Contract for Ballast Water Treatment
Euro Tech Holdings Company announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company has recently been awarded a Ballast Water Treatment port reception system contract worth approximately $1.2M. 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.
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