SHANGHAI, Nov. 9, 2011 /PRNewswire-Asia/ -- China Energy
Recovery Inc. (CGYV.PK) ("CER"), an international leader in the
design, fabrication and installation of waste heat recovery
systems, announced today that it signed a contract with Jiangsu
SOPO Group to manufacture and install the quay's pot area project
and exterior tube rack which located in Zhenjiang City.
The contract is valued at 50 million
RMB or $7.84 million (US).
The system is scheduled to be completed in 75 days.
"We are happy to see that our long-term customer, Sopo Group,
choosing us again!" Commented Mr. Qinghuan Wu, CER's CEO,
"the successful company needs not only the more and more new
customers, but also the old friends"
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat
into the atmosphere in the form of hot exhaust gases or
high-pressure steam. Energy recovery is the process of recovering
as much as two-thirds of that wasted energy and converting it into
usable heat energy or electricity, dramatically lowering energy
costs. Energy recovery systems are also capable of lowering heat
pollution and capturing harmful pollutants that would otherwise be
released into the environment. It is estimated that if energy
currently wasted by all the U.S. industrial facilities could be
recovered, it could produce power equivalent to 20% of U.S.
electricity generation capacity without burning any additional
fossil fuel, and could help many industries to meet stringent
environmental regulations.
About China Energy Recovery, Inc.
CER is an international engineering and manufacturing company
that specializes in the design, construction and installation of
waste heat energy recovery systems that captures and converts
industrial waste energy produced by heavy industrial processes such
as petroleum and chemicals refining, paper manufacturing and
refining into low-cost electrical power, which enables industrial
manufacturers to reduce their energy costs, shrink their emissions
footprint and generate salable emissions credits. The
company's primary focus is the Chinese market; however, CER's
systems are operating in heavy industrial plants located in
Egypt, Korea, Vietnam and Malaysia. CER is building China's first state-of-the-art, energy
recovery system research and fabrication facility, which will allow
CER to meet increased demand for its products and services. For
more information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's
website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes "forward-looking statements" within
the meaning of the Securities Litigation Reform Act of 1995, as
amended. All statements, other than statements of historical fact,
included in the press release that address activities, events or
developments that CER believes or anticipates will or may occur in
the future are forward-looking statements. These statements are
based on certain assumptions made based on experience, expected
future developments and other factors that CER believes are
appropriate under the circumstances. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of CER and may not materialize, including,
without limitation, the efficacy and market acceptance of CER's
products and services, CER's ability to execute on its business
plan and strategies and CER's ability to successfully complete
orders and collect revenues therefrom. Investors are cautioned that
any such statements are not guarantees of future performance.
Actual results or developments may differ materially from those
projected in the forward-looking statements as a result of many
factors. Furthermore, CER does not intend (and is not obligated) to
update publicly any forward-looking statements, except as required
by law. The contents of this release should be considered in
conjunction with the warnings and cautionary statements contained
in CER's filings with the Securities and Exchange Commission.
Contact:
Jessica Hu
China Energy Recovery
TEL: +86-21 -2028 1866-304
hudie@cerenergy.com
SOURCE China Energy Recovery Inc.