NF Energy Saving Corporation Delivers US $330,000 Energy-Efficient Flow Control System to a Thermal Power Plant in Dalian
March 12 2010 - 7:30AM
PR Newswire (US)
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:
info@amcapventures.com Web: http://www.amcapventures.com/
DATASOURCE: NF Energy Saving Corporation CONTACT: Howard Gostfrand
of American Capital Ventures,
+1-305-918-7000,info@amcapventures.com Web site:
http://www.nfenergy.com/
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