NF Energy Saving Corporation Announces on New Contracts Signed

SHENYANG, China, Nov. 17, 2015 /PRNewswire/ -- NF Energy Saving Corporation (NASDAQ: NFEC) ("NF Energy" or "the Company"), a leading energy saving service solutions provider for China's power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced today on the new contracts signed.

The Company is ready to complete its final delivery between November and December as planned for the previously announced $15 million order from the LXB Water Supply Project, the largest single one in value the Company has received in recent years, as reported in NF Energy's news release on June 5, 2014 and May 27, 2015, respectively. Thanks to the quality of its products and reputable customer service, NF Energy received several new orders, despite the current slowing down of China's economy.

With a total contract value of approximately $2.86 million, the Company's newly received orders are from Hohhot Jianshan Power Plant, Singkiang Production & Construction Corp., Fujian Putian Drainage Co. Ltd., Shanxi Jinneng Debao Thermal Power Co., China Water Resource and Hydropower Engineering Co. Ltd., and Henan Puyang Yuneng Development Co. Ltd., plus the TENCEDIL Inc. of Italy and the Piping Market Center of Saudi Arabia. In addition, the Company has documents prepared to bid in December, 2015 for 10 more new projects.

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:

Andy Gao
Tel: +86-24-25609775
email: [email protected]

SOURCE NF Energy Saving Corporation

Related Links

http://www.nfenergy.com