SHENYANG, China, June 27, 2017 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the Company), a leading energy saving service solutions provider for China's power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced that it recently signed a $600,000 sales contract with three companies to supply valves. According to the contract, the Company expects to deliver this equipment in the fourth quarter in 2017.
The three companies are China Nuclear Qiqihar Environmental Protection Technology Co. Ltd., for the first phase of an oxidation pond deep processing project; Chongqing Water Turbine Co., Ltd., for the Huangshan Dragon hydropower station renovation project in Vietnam; and Chongqing New Century Electrical Co. Ltd., for the NHESANJEN hydropower station renovation project in Nepal.
In order to attempt to achieve growth of the Company's business, the Company actively excavates the potential of the valve market, on the one hand, the Company plans to attract customers through manufacturing its advanced products, including smart flow control device, on the other hand, it is important to focus on overseas markets, especially the countries surrounding China, such as the two new orders from Chongqing, although the contract parties come from the domestic enterprises, the projects are located in neighboring countries.
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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SOURCE NF Energy Saving Corporation