A-Power Responds to Seeking Alpha Article
SHENYANG, China, June 20, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today made the following statement:
We are aware of the article published on the Seeking Alpha website on June 17, 2011 by a self- admitted short seller, Mr. Eiad Asbahi, who stands to profit if the stock price of A-Power declines. We are reviewing the issues raised in this article and will provide answers by way of a press release as soon as possible.
A-Power Energy Generation Systems, Ltd., through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly distributed power generation projects of 25 to 400 megawatts, A-Power also operates one of the largest wind turbine manufacturing facilities in China. A-Power acquired Evatech Co. Ltd., a designer and manufacturer of industrial equipment for amorphous-silicon photovoltaic panels, in January 2010, and purchased an interest Hallys Corporation in May 2010.
In addition to the establishment of strategic relationships with some of the world's leading wind energy design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies.
For more information, please visit http://www.apowerenergy.com.
For additional information, please contact:
A-Power Energy Generation Systems, Ltd.
Mobile: +86 131 2230 4436 in China
Mobile: +1 480 332 6397 in the USA
Mobile: +86 139 1141 3520 in China
SOURCE A-Power Energy Generation Systems, Ltd.