CER Wins $10 Million Waste Heat Recovery System Installation Contract from Wuxi Greenapple

SHANGHAI, July 1 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (Pink Sheets: CGYV) ("CER"), which designs, manufactures and installs waste heat energy recovery systems, today announced it entered into an agreement with a new customer, Wuxi Greenapple Chemical Industry Co., Ltd., to install a waste heat recovery system into that company's new sulfuric acid plant located in Zhenjiang City, Jiangsu Province. The system is anticipated to be completed in the first half of 2011 and represents an approximate gross value of $10 million (US) to CER.

Wuxi Greenapple, one of China's top chemical manufacturing enterprises, produces a variety of basic chemicals. The company's new sulfuric acid plant is rated to produce 1,800 metric tons of sulfuric acid per day. CER's waste heat recovery system for the plant has a design capacity to produce 91 metric tons of saturated steam per hour at 5.4 MPa at 485 degrees Celsius and 38.99 metric tons of High Recovery System steam per hour at 1.0 MPa at 186 degrees Celsius.

"We are pleased to have Wuxi Greenapple as a new customer and we look forward to assisting them in their effort to reduce energy consumption and costs at their new plant," CER Chairman and Chief Executive Officer Qinghuan Wu said. "This new relationship reinforces our vision of providing a low-cost, environmentally friendly energy recovery solution for heavy industry.

"Industrial manufacturers are becoming more aware of our strength in engineering and design and the capability of our systems to reliably deliver real savings. This is our third major contract win this month and we anticipate continued success with more significant contract wins ahead this year from customers in China and overseas," Mr. Wu said.

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 provide industrial facilities to achieve greater operating energy efficiencies. The company's primary focus is the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, and refining (including methanol refining). CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increasing 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 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, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

    Contact:

     Adam Friedman
     Adam Friedman Associates
     Tel:   +1-212-918-2529 x18
     Email: [email protected]

     Jessica Hu
     China Energy Recovery
     Tel:   +86-21-5556-0020 x503
     Email: [email protected]

SOURCE China Energy Recovery, Inc.

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