BEIJING, Sept. 12, 2011 /PRNewswire-Asia/ -- Wowjoint
Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW,
BWOWU, BWOWW), China's innovative
infrastructure solutions provider of customized heavy duty lifting
and carrying machinery, today announced it has signed a new
equipment leasing contract for a 900-ton special launching
carrier.
The No. 2 Engineering Co., Ltd of China Railway 22nd Bureau
Group signed a nine month leasing contract for approximately
$1.5 million. The special launching
carrier will be used in the high-speed railway project from Yanbian
to Jilin City and is specifically
designed to pass through tunnels and function in the mountainous
areas. The special launching carrier is currently in the
commissioning and installation process and will meet the short time
delivery requirements requested.
"We're pleased to enter this contract with No. 2 Engineering Co.
Ltd, of China Railway 22nd Bureau Group and expand on our existing
relationship with them," Mr. Yabin
Liu, Chief Executive Officer of Wowjoint stated. "They have
been a long-time client of Wowjoint and have been impressed by
Wowjoint's high level of service and technical ability. Our
equipment has enabled all of our clients to have a faster
construction time, reduce costs and the capability to build in
difficult terrains. We believe our continued service levels;
technical expertise and specialized equipment will enable us to
further develop our existing client relationships and continue to
gain new customers."
About Wowjoint Holdings Limited
Wowjoint is a leading provider of customized heavy duty lifting
and carrying machinery used in large scale infrastructure projects
such as railway, highway and bridge construction. Wowjoint's main
product lines include launching gantries, tyre trolleys, special
carriers and marine hoists. The Company's innovative design
capabilities have resulted in patent grants and proprietary
products. Wowjoint is well positioned to benefit directly from
China's rapid infrastructure
development by leveraging its extensive operational experience and
long-term relationships with established blue chip customers.
Information on Wowjoint's products and other relevant information
are available on its website at http://www.wowjoint.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in this press release
include matters that involve known and unknown risks, uncertainties
and other factors that may cause actual results, levels of
activity, performance or achievements to differ materially from
results expressed or implied by this press release. Wowjoint
undertakes no obligation and does not intend to update these
forward-looking statements to reflect events or circumstances
occurring after the date of this communication. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this communication. All
forward-looking statements are qualified in their entirety by this
cautionary statement. All subsequent written and oral
forward-looking statements concerning Wowjoint or other matters and
attributable to Wowjoint or any person acting on their behalf are
expressly qualified in their entirety by the cautionary statements
above. Wowjoint does not undertake any obligation to update any
forward-looking statement, whether written or oral, relating to the
matters discussed in this news release.
For additional information contact:
Wowjoint Holdings:
Aubrye Harris-Foote, Vice President Investor Relations
Tel: +1-530-475-2793
Email: aubrye@wowjoint.com
Website: www.wowjoint.com
SOURCE Wowjoint Holdings Limited