NF Energy Saving Corporation Delivers US$2.25 Million Energy-Efficient Flow Control System to a Large Water Supply Project in Guangzhou

US GAAP revenue of US$2.25 Million to be recognized in Q4 2009

Jan 05, 2010, 08:30 ET from NF Energy Saving Corporation

SHENYANG, China, Jan. 5 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in providing integrated energy conservation solutions, today announced the Company has delivered 24 sets of its newly developed DN3600 Ductile Iron Butterfly Valve to a large water supply project in Guangzhou, the provincial capital of Guangdong in Southern China. The Company expects to recognize US GAAP revenue of US$2.25 million in Q4 2009.

The DN3600 Ductile Iron Butterfly Valve, with an internal diameter of 3.6 meters, is the largest in China. The advanced ductile iron technology has improved the anticorrosion and impact resistance of the valve, which extends its working life to over 30 years.

Mr. Li Gang, Chairman and CEO of NF Energy, commented, "We are honored to supply our newly developed energy-efficient flow control system to this important water supply project, which will greatly improve the water quality in Guangzhou and secure the water supply for the forthcoming Guangzhou Asian Games. I am also pleased to highlight our ability to deliver superior and market leading technology with new features extending the life of our butterfly valves."

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: info@amcapventures.com
     Web:   http://www.amcapventures.com

SOURCE NF Energy Saving Corporation



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