SHENYANG, China, May 27, 2015 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, announced today that the first shipment of valve products for the LXB water supply project has been delivered. Local government officials and representatives of LXB were present at a Product Delivery Celebration Ceremony on May 22, 2015.
As previously disclosed, the contract, which was signed with LXB in 2014 and has a total contract value of approximately $14.4 million, is for the Company's large diameter alloy steel valves between the DN3200 and DN3800 models, each of which weighs more than 70 tons on average. 7 electric butterfly valves have been delivered so far. NF Energy has applied new technologies in the manufacturing of these valve products which has led to three patents. The delivered products completely passed the acceptance test.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.
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