Eurotech Holdings (CLWT) Awarded $3.2 Million Wastewater Contract

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08:17:38 am on April 7, 2010

Eurotech Holdings (CLWT) is surging today on news its subsidiary Shanghai Euro Tech Environmental was awarded a $3.2 million wastewater contract from petrochemical industrial park.  CLWT will design, install and commission a 5K cubic meter/day water treatment system.  The CEO didn’t comment on the deal, but did say the company is beginning to recover from the global financial crisis and sees more contracts in 2010.  This particular contract represents 50 – 60% of one quarter of revenues, so a significant deal.

Shares of CLWT are up over 12% in premarket trading.  A breakout above 2.38 would be a very bullish move.

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