MY Reaffirms Commitment to Quality and Intellectual Property Rights, MY Wind Turbines Already Possess LVRT Capability
ZHONGSHAN, China, Sept. 22, 2011 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today reiterated its commitment to quality and intellectual property rights protection. The Company also confirmed as previously announced that its MY1.5MW wind turbine generator ("WTG") possesses low voltage ride through ("LVRT") certification.
Ming Yang maintains good working relationships with its domestic and international partners and respects intellectual property rights. The Company's 1.5MW WTG has obtained LVRT certification in July 2011 and is capable of fulfilling the China Grid Code. The LVRT requirement is specified under the grid code, and refers to the WTG's ability to react properly to sudden fluctuations in grid voltage, and to remain connected to the grid under these abnormal conditions. All of Ming Yang's wind turbines are capable of fulfilling LVRT requirements.
"Recently we have found that there is tremendous focus on LVRT capability and associated legal disputes. Ming Yang and its suppliers have tremendous experience in electrical control systems development, and possess our own research and development capability and intellectual property rights. Our focus on stringent quality control and vertical integration in our supply chain, as well as our innovative business model will help us to differentiate ourselves from our competitors," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Ming Yang is one of the few enterprises whose WTG's have not experienced large-scale grid disconnection in Chinese wind farms. The small batch production and delivery of our 2.5/3.0 MW Super Compact Drive ("SCD") WTG further demonstrates that we're well-positioned to expand market share and continue to deliver shareholder value in an increasingly competitive environment."
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and fast-growing 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 low energy production costs and provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodyn Energiesysteme, one of the world's leading wind turbine design firms based in Germany, to develop wind turbines and share intellectual property rights. Ming Yang's key customers include the five largest state-owned power producers in China, with an aggregate installed capacity accounting for more than 50% of China's newly installed capacity in 2010. For further information, please visit the Company's website: www.mywind.com.cn.
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," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations, results of 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. 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.
For investor and media inquiries, please contact: |
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Investor and Media Contacts: |
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China Ming Yang Wind Power Group Limited |
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Calvin Lau |
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Phone: + 86 760 2813 8898 |
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Email: [email protected] |
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http://ir.mywind.com.cn |
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Fleishman-Hillard |
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New York |
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Kristen Lewko |
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Phone: + 1 212 453 2212 |
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Email: [email protected] |
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Hong Kong |
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Pamela Leung |
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Phone: + 852 2530 0228 |
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Email: [email protected] |
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SOURCE China Ming Yang Wind Power Group Limited
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