Euro Tech Holdings Company Limited Reported An Exclusive Sales Distribution And OEM Partnership Agreement Covering Ballast Water Treatment Systems ("BWTS") Has Been Signed Between PACT And ERMA FIRST

Core Insights - Euro Tech Holdings Company Limited has formed a new "White Label" BWTS business partnership in Greece with ERMA FIRST, enhancing its market presence in Europe [1] - The partnership leverages PACT's UV-based BWTS technology alongside ERMA FIRST's electrolysis technology, targeting sales distribution in 20 European countries [1] Company Overview - Euro Tech Holdings' subsidiary, Yixing PACT Environmental Technology Co., Ltd., specializes in UV-based BWTS technology and has received type approval from the China Classification Society for various capacities [3] - ERMA FIRST, founded in 2009, is a leading provider of sustainable maritime solutions, offering a range of services including BWTS, alternative maritime power, energy-saving devices, and carbon capture [4] Industry Context - The International Maritime Organization mandates BWTS to address the ecological impact of ballast water, with an estimated 12 billion tons transported annually by vessels [2] - The IMO's Ballast Water Management Convention, effective since September 2017, requires compliance for new-built vessels and retrofitting for existing vessels starting September 2019 [2]