NF Energy Saving Corporation Completes US$560,000 Energy-Efficient Flow Control System for a Large Ultra-Supercritical Coal Powe
November 03 2009 - 8:30AM
PR Newswire (US)
-- 1st batch of energy-efficient flow control systems to be
delivered in Q4 2009 SHENYANG, China, Nov. 3 /PRNewswire-Asia/ --
NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF
Energy"), a Chinese leader in energy efficient flow control
systems, today announced the Company has completed the 1st batch of
energy efficient flow control systems for a large power plant in
Guangdong province. Four butterfly valves are to be delivered in Q4
2009. US GAAP revenue of US$560,000 is to be recognized in Q4 2009.
Another batch of four butterfly valves is to be delivered in 2010
and US GAAP revenue of US$560,000 is to be recognized in 2010. This
power plant is China's new Ultra-Supercritical coal power plant
being built to replace small, dirty and inefficient coal power
plants with design capacity of 2 x 1000MW of generation capacity.
It will greatly improve the electricity supply in the Pearl River
Delta Area. 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. 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: Web:
http://www.amcapventures.com/ DATASOURCE: NF Energy Saving
Corporation CONTACT: Howard Gostfrand, American Capital Ventures,
+1-305-918-7000, Web site: http://www.nfenergy.com/
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