A-Power Signs License Agreement with W2E Technologies
Jan 05, 2010, 08:00 ET from A-Power Energy Generation Systems, Ltd.
Under the license agreement, W2E Technologies granted A-Power an exclusive
right to manufacture, operate, service and sell T8x 2.0 MW wind turbines in
About A-Power
A-Power Energy Generation Systems Ltd. ("A-Power"), through its
About W2E (Wind to Energy) Technologies
W2E Technologies was established in 2003 by six specialists in the wind
energy industry. The company abstained from establishing its own production
line and instead focused on the development and certification of wind turbines
and bringing them to a stage ready for production. The turbines developed by
W2E are manufactured and distributed by Fuhrlander AG. W2E Technologies is
headquartered in Rostock,
Safe Harbor Statement
This press release may contain forward-looking statements. Any such
statement is made within the 'safe harbor' provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and other similar
statements. Statements that are not historical facts, including statements
relating to anticipated future earnings, margins, and other operating results,
future growth, construction plans and anticipated capacities, production
schedules and entry into expanded markets are forward-looking statements. Such
forward-looking statements, based upon the current beliefs and expectations of
our management, are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking statements,
including but not limited to, the risk that: inclement weather conditions
could adversely affect our operating results in particular quarters and/or
fiscal years; we may experience construction, manufacturing and development
delays on our projects which could adversely affect our financial condition
and operating results; our limited operating history and recent entrance into
new jurisdictional markets may make it difficult for you to evaluate our
business and future prospects; we may not be able to successfully develop our
business in new jurisdictional markets, which would have a negative impact on
the results of our operations derived from such new jurisdictional markets;
our customers may not be able to obtain the financing required for these
projects, and thus, we may not be able to derive revenues from such agreements,
as well as other relevant risks detailed in our filings with the Securities
and Exchange Commission, including those set forth in our annual report filed
on Form 20-F for the fiscal year ended
For more information, please contact: John S. Lin Chief Operating Officer A-Power Energy Generation Systems Email: john@apowerenergy.com Dixon Chen Investor Relations Grayling Tel: +1-646-284-9403 Email: dixon.chen@us.grayling.com
SOURCE A-Power Energy Generation Systems, Ltd.
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