SHENYANG, China, Aug. 20, 2013 /PRNewswire/ -- NF Energy Saving Corporation. (NASDAQ: 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.
On August 13, 2013, the Guangdong division of the Company's wholly owned subsidiary Liaoning NF Energy signed an energy efficiency service contract with Dongguan Xianjia Plastic Products Company, a Xianhao International Group company, to retrofit 58 units of the client's injection molding machines (IMM). The project is expected to save energy by up to 40%. In addition, more than 60 units of IMM equipment are lined up for energy service at Xinhao Mold Plastic (Shenzhen) Co., Ltd. For the contracted project, NF Energy will apply its own technologies and many years of experience in motor-drive energy efficiency improvements. A test was conducted by both parties prior to the signing of the contract and the Company's solution was found to be very effective. With the kickoff of this energy saving project, the Company expects energy service projects like this one in the plastic industry to become a new source of revenue.
Founded in 1989 in Hong Kong, Xianhao International Group (XIG) (http://www.lintall.com.hk) specializes in mould manufacturing, plastic injection molding and secondary processing. In order to meet the increasing market demand, XIG has established production bases in three mainland cities, including Shenzhen in 1992, Dongguan and Ningbo in 2003. XIG plans to improve the energy efficiency in all its facilities.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: NFEC) is a China-based integrated energy conservation solutions provider. The Company's customers are mainly in the electric power generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The company's major revenue is 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