China Solar & Clean Energy Solutions, Inc. Wins Bid on China's Largest Solar Water-Heating Housing Project
September 25 2008 - 7:00AM
PR Newswire (US)
BEIJING, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- China Solar
& Clean Solutions Energy, Inc. (OTC:CSOL) (BULLETIN BOARD:
CSOL) ("CSOL"), a premier manufacturer and distributor of solar
water heaters, renewable energy solutions, and space heating
devices in the People's Republic of China, announced it has signed
a contract to be the sole supplier of solar water- heating systems
to the Overseas Chinese Village in Shenzhen City (the "Village").
The contract was awarded on July 1, 2008 to CSOL's subsidiary,
Shenzhen Peng Sang Pu Solar Energy Company. The Overseas Chinese
Village is a residential community for overseas Chinese in
Shenzhen. It spans over 125 acres and contains a total of 22 high-
rise buildings. The Village is believed to be the largest
residential project in China to rely completely on solar-heated
water. CSOL will be supplying and installing its state-of-the-art
solar water-heating systems throughout the residential area. The
contract is valued at approximately $3.5 million. "We are very
pleased to have won this contract," commented Du Deli, the CEO of
China Solar & Clean Solutions Energy, Inc. "Despite bids from
numerous competitors, we won the contract due to our strong
reputation among Chinese solar energy experts. Our experience in
China's solar water-heating market, as well as our tireless efforts
to develop solar energy technology and new products, has earned us
the reputation of being China's highest quality producer of solar
energy systems. We will continue to pursue similar projects and
expect to win more bids in the future." About China Solar &
Clean Energy Solutions, Inc. China Solar & Clean Energy
Solutions, Inc. operates through its wholly owned subsidiaries
Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar (Bazhou)"),
Beijing Deli Solar Technology Development Co., Ltd. and its 51%
ownership in Tianjin Huaneng Group, all located in the PRC. The
Company manufactures and distributes hot water and space heating
devices to customers in the PRC, in addition to waste heat recovery
systems. For more information, please visit http://www.cn-sce.com/
. Safe Harbor Statement: Certain statements in this news release
may contain forward-looking information about China Solar &
Clean Energy Solutions and its subsidiaries business and products
within the meaning of Rule 175 under the Securities Act of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. The actual
results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business
conditions in the PRC, market and customer acceptance and demand
for products, ability to market products, fluctuations in foreign
currency markets, the use of estimates in the preparation of
financial statements, the impact of competitive products and
pricing, the ability to develop and launch new products on a timely
basis, the regulatory environment, fluctuations in operating
results, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their
entirety by this Cautionary Statement and the risks factors
detailed in the Company's reports filed with the Securities and
Exchange Commission. China Solar & Clean Energy Solutions
undertakes no duty to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this release. For more information please contact: Dan Joseph ICR,
Inc. Tel: +86-21-6122-1077 Bill Zima ICR, Inc. Tel: +1-203-682-8200
DATASOURCE: China Solar & Clean Energy Solutions, Inc. CONTACT:
Dan Joseph, +86-21-6122-1077; Bill Zima, +1-203-682-8200, both of
ICR, Inc., for China Solar & Clean Energy Solutions, Inc. Web
Site: http://www.cn-sce.com/
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