Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
MOUNTAIN VIEW, CA -- (MARKET WIRE) -- 10/12/06 -- TTCM China, Inc. (PINKSHEETS: TTCH), a
leading producer and supplier of glass-reinforced plastic pipes, today
announced that they have signed a contract with Liao Ning Water Reservoir
and Water Supply Company's Phase 2 project in Liao Ning Province.
The contract calls for approximately 31 miles of glass-reinforced fiber
plastic pipes 4.6 feet in diameter for the Water Supply Department of Liao
Ning Province. The contract is worth an estimated $12.9 million
(102,000,000 RMB).
Delivery will start in November 2006 and will be completed by March of
2008.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "This contract is
the largest single contract the company has ever had, and once again it
proves that there is growing demand for our pipes in China, particularly to
provide water to rapidly growing areas as well as the flood control
systems. Because our pipes are more lightweight and cost efficient, they
are suitable for large-scale projects such as this one in Liao Ning
Province in the Northeast of China where many heavy industries are
concentrated. We expect to see growing momentum in 2007 and into 2008 to
meet the tremendous demand for clean water delivery and flood control
systems in China."
TTCM China, founded in 1995 and based in Tianjin China, is a leading
producer of glass-reinforced composite plastic products including regular
and high-pressure pipes, fittings, round containers, cooling towers and
fans. In addition to its headquarters in Tianjin, the Company has marketing
offices in Hebei and Sichuan. In cooperation with the Harbin Industry
University, TTCM developed an advanced technology employing
micro-emulsification, which enables a reduction of the amount of resin used
in the production process and at the same time raises the product
compactness, strength and infiltration quality. These procedures make
TTCM's
glass-reinforced plastic pipes superior in strength to plastic pipes while
they only weigh one-fourth the weight of regular steel pipes. The company
is in negotiations with provincial and municipal government agencies and
private companies concerning the provision of pipes for water supply
systems.
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties that may cause the companies' actual results in future
periods to differ materially from forecasted results. Such risks and
uncertainties include, but are not limited to, market conditions,
competitive factors, the ability to successfully complete additional
financings and other risks associated with the operation in China where
certain economic or political situation might adversely affect the outcome
of the envisioned business.
Contact:
TTCM China, Inc.
2680 Bayshore Pkwy, Suite 307
Mountain View, CA 94043
Tel: 650 960 3311
650 960 1155
Fax: 650 960 1133