NF Energy Saving Corporation Delivers US $330,000 Energy-Efficient Flow Control System to a Thermal Power Plant in Dalian
US GAAP revenue of US $330,000 to be recognized in Q1 2010
SHENYANG, China, March 12 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in providing integrated energy conservation solutions, today announced it has delivered 22 sets of recycling water system electric butterfly valves and fluid control butterfly valves to a thermal power plant in Dalian. The Company expects to recognize US GAAP revenue of US $330,000 in Q1 2010.
The equipment supplies one of the five national level Sino-foreign joint projects for manufacturing Combined Heat and Power Generation (CHP) Equipment. Equipped with 4 x 300MW sub-critical coal-fired units, the project will achieve 12 million square meters of heat supply and 100 tons per hour of gas supply. It is a highly promoted energy construction project in Dalian, and will achieve annual savings of 180,000 tons of standard coal and will reduce particulate matter pollution by 4,500 tons annually.
About NF Energy Saving Corporation
Website: http://www.nfenergy.com
NF Energy Saving Corporation (OTCBB: 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 current revenues are primarily from its energy saving flow control products. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.
Safe Harbor Statement
This press release contains certain statements that may include 'forward- looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Howard Gostfrand
American Capital Ventures
Tel: +1-305-918-7000
Email: [email protected]
Web: http://www.amcapventures.com
SOURCE NF Energy Saving Corporation
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