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Dragon Capital Group Receives $1 million Contract for Automatic Control Project at Sewage Water Treatment Plant in Hefei City China
Dragon Capital Group Receives $1 million Contract for Automatic Control Project at Sewage Water Treatment Plant in Hefei City China.
About this update from Dragon Capital Group Corp.
[{"type":"text","content":"\n\n\n\nDragon Capital Group Receives $1 million Contract for Automatic Control Project at Sewage Water Treatment Plant in Hefei City China\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDragon Capital Group Receives $1 million Contract for Automatic Control Project at Sewage Water Treatment Plant in Hefei City China\nPR Newswire\nSHANGHAI, April 2, 2014\n\n\n\nSHANGHAI, April 2, 2014 /PRNewswire/ -- Dragon Capital Group Corp. (OTC: DRGV), a leading holding company of emerging high-tech companies in China, announced today its wholly owned subsidiary, Shanghai Yazheng Information Technology Co., Limited (\"Yazheng\"), has received a contract for an automatic control project at a sewage water treatment facility in Hefei City China. The contract is valued at approximately $1 million and is expected to be completed in 2014\n\nThe contract is part of the Sewage Treatment Plant Stage Three Project (\"Stage Three Project\") initiated and led by Hefei Economic Development District Water Corporation. The sewage treatment plant covers an area of 1,435,200 square feet located in Shushan District of Hefei City and, upon completion, the plant will have a targeted capacity to process and treat up to 300,000 metric tons of sewage water on a daily basis. The new facility will apply AAO leading technology and an active sand filtration process.  The plant will utilize Yazheng's automatic control system to ensure effective operation and maintenance of the newly installed equipment.\n\nMr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated \"We are very pleased to be awarded this new contract for our automatic control system at this new facility in Hefei City.  We have worked hard to develop cost effective controls for utilities and having been selected for this project is evidence that this effort is starting to pay off.  This contract and others like it represent high margin revenue and strong cash flow to our company.  We look forward to completing this project in 2014 as well as securing similar contracts for other utility projects in the near futu...