Euro Tech Holdings Company Limited Announces The Company has signed a 50/50 Joint Venture Agreement With Sea Clean AS In Norway
Euro Tech Holdings Company Limited Announces The Company has signed a 50/50 Joint Venture Agreement With Sea Clean AS In Norway |
| [12-October-2026] |
HONG KONG, Oct. 12, 2026 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announces its entry into Norway through a 50/50 joint venture ("JV") agreement signed between Sea Clean AS ("Sea Clean") and its wholly owned subsidiary, Euro Tech Global Pte Ltd. CleanPACT Environmental and Marine Engineering AS ("CleanPACT") 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 (PortoBallast is the trade mark of the 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. About Sea Clean Sea Clean is a Norwegian provider of ballast water treatment solutions for the maritime industry. As an authorized agent of electrolysis-type Ballast Water Treatment System, they handle distribution, service, and maintenance of ballast water treatment systems worldwide. To date they've served more than 2300 vessels. Their team of experienced technicians provides comprehensive service solutions, from system installation to annual compliance checks, ensuring vessels meet international ballast water management standards. Website: https://www.seaclean.no Forward Looking Statements 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. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2025.
SOURCE EURO TECH HOLDINGS COMPANY LIMITED | ||
Company Codes: NASDAQ:CLWT |
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