NF Energy Saving Corporation Announces Adoption of the 'Internet+' Model in Operations
SHENYANG, China, July 8, 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 adaption of the "Internet+" Model in Operations.
"Internet+" is a new economic development model in business utilizing integrated information and communication technology, including the Internet, with the traditional business which enhances social innovation and productivity. Therefore, more Chinese enterprises that are doing business in traditional ways are now operating via the Internet+ model.
Conducting business on the Internet is the trend for Chinese industries, including manufacturing enterprises. The Company believes it will further its quality and service in all product lines by using the Internet+ model.
2014 saw NF Energy expend its business into the internet when the Company opened the Nengfa Valve International Mall in collaboration with Alibaba. The endeavor has increased offshore sales orders for the Company's valve products. NF Energy also kicked off a mobile micro sales platform called FMYZT for marketing its valve products in international markets. The Company believes it will achieve digital and smart management on its production lines and improve quality assurance in order to enhance productivity.
"The Internet + approach has resulted in three major changes to NF Energy, including total digital management of the production process, more intelligent performance of our products, as well as improved liquidity of our capital and assets," said company chairman Li Gang. "It's our belief that doing business utilizing the internet will not only improve our market development, product design, production management and after sales services, but will also bring more returns to our shareholders' investment."
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.
Safe Harbor Statement
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.
Contact Person: Andy Gao
Phone Number: +86-24-2560-9775
Email: [email protected]
SOURCE NF Energy Saving Corporation
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