Delivery of Products for LXB Water Supply Project
SHENYANG, China, May 27, 2015 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, announced today that the first shipment of valve products for the LXB water supply project has been delivered. Local government officials and representatives of LXB were present at a Product Delivery Celebration Ceremony on May 22, 2015.
As previously disclosed, the contract, which was signed with LXB in 2014 and has a total contract value of approximately $14.4 million, is for the Company's large diameter alloy steel valves between the DN3200 and DN3800 models, each of which weighs more than 70 tons on average. 7 electric butterfly valves have been delivered so far. NF Energy has applied new technologies in the manufacturing of these valve products which has led to three patents. The delivered products completely passed the acceptance test.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ:NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.
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The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.
For further information, please contact:
Andy Gao
Phone Number: 0086-24-25609775
Email: [email protected]
SOURCE NF Energy Saving Corporation
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