CDT Environmental Technology Investment Holdings Limited Announces Strategic Partnership with Leading Pipeline Inspection and Data Services Provider in Fujian

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[{"type":"text","content":"Partnership Leverages Extensive Pipeline Inspection Data to Enhance Service Offerings and Strategic Positioning in Water Environmental Protection Market\nSHENZHEN, China, June 27, 2024 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (NASDAQ: CDTG) (\"CDT\"), a leading provider of waste treatment systems and services throughout China, announces the signing of a strategic cooperation framework agreement with a local high-tech company in Fujian Province. The collaboration leverages the complementary strengths of both parties, with CDT contributing its government relations, brand advantages, and expertise in waste treatment solutions, while the partner contributes its local experience and crucial pipeline inspection data. The result is anticipated to be a greatly enhanced service platform, with greater access to a broader market, and advancements to the company's competitive position in the South China region and beyond. The initial term is set for three years, with the option to renew upon mutual agreement. This partnership is built on the foundation of the partner company's extensive pipeline inspection work. In 2023, they completed the investigation and mapping of over 4,000 kilometers of sewage pipelines in Fujian Province, amassing a wealth of critical infrastructure data. Under this agreement, CDT will receive real-time access to valuable pipeline data, that will allow CDT to access the comprehensive knowledge base of current infrastructure conditions accumulated by the partner, develop targeted, efficient solutions for potential projects, engage proactively with government entities on upcoming water treatment needs, and position itself strategically for future contract opportunities in municipal pipeline maintenance, dredging, and sewage treatment. \"Our partner's extensive experience in pipeline inspection and their accurate, comprehensive data will provide a strong foundation for our cooperation,\" said Li Yunwu, CEO of CDTG. \"This partnership allows us to better understand infrastructure needs and provide more targeted, efficient solutions for our customers in this large market that is estimated to be approximately $20 billion per year. Adhering to the principles of complementary advantages and mutual benefits, we look forward to contributing to water environmental protection efforts in Fujian...

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