ZHONGSHAN, China, June 12, 2014
/PRNewswire/ -- China Ming Yang Wind
Power (NYSE: MY) ("Ming Yang"
or the "Company"), today announced that it has entered into a heads
of agreement with Marin Energi Testcenter AS ("MetCentre") to erect
a 6.0MW Super Compact Drive ("SCD") wind turbine generator in
the Karmoy wind turbine
demonstration area off the coast of Karmoy Island in Norway. MetCentre is a Norwegian test centre
for marine energy offering infrastructure and services to off-shore
wind power. The proposed cooperation and the pilot project are
subject to certain conditions, including a detailed agreement which
is expected to be entered into by both parties in late 2014.
Ming Yang's SCD wind turbine
generators combine high reliability and lower weight by utilizing
smaller permanent magnet power generators coupled with a smaller
gearbox, housed in a water-cooled sealed nacelle with an innovative
two-bladed design which can lock the blades in a horizontal
position to withstand extreme off-shore weather conditions.
"We are pleased to enter into this heads of agreement and
looking forward to the installation of our SCD 6.0MW off-shore
prototype in Norway, and this
marks another milestone in Ming
Yang's off-shore strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive
Officer of Ming Yang. "We are
confident that our innovative SCD wind turbine generators can
provide an effective solution for off-shore wind power projects in
China and beyond."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind turbine manufacturer in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable
wind turbines with high energy output and provides customers with
comprehensive post-sales services. Ming
Yang cooperates with aerodyne Energiesysteme, one of the
world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer in
China in 2013.
For further information, please visit the Company's website:
ir.mywind.com.cn
For investor and media inquiries, please contact:
China Ming Yang Wind Power Group Limited
Beatrice Li
+86-760-2813-8898
ir.mywind.com.cn
SOURCE China Ming Yang Wind Power Group Limited