China Energy Recovery Secures a $1.4 million Contract for Waste Heat Recovery Systems...

China Energy Recovery Secures a $1.4 million Contract for Waste Heat Recovery
Systems for Hubei Yangfeng Group
- China's top 3 phosphate fertilizer producer returns to China Energy Recovery
to achieve greater energy efficiency

SHANGHAI, April 7 /PRNewswire-Asia/ -- China Energy Recovery, Inc.
(OTC Bulletin Board: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste
heat energy recovery sector of the industrial energy efficiency industry,
today announced it has entered into a contract to design and manufacture two
sets of waste heat recovery systems for Hubei Yangfeng Group ("Yangfeng
Group"), a top 3 phosphate fertilizer producer in China. China is the largest
producer and the largest market for phosphate fertilizer, one of the main
fertilizers used for agriculture, in the world. The value of the contract
amounts to RMB9.73 million (approximately US$1.42 million based on the
exchange rate as of date of this press release).
The two sets of waste heat recovery systems for Yangfeng Group are
designed to generate 120 tons of steam per hour. This is equivalent to nearly
24MW of heat energy generation capacity and will enable Yangfeng Group to
reduce the cost of purchasing steam from outside sources needed to support the
facility operations. In total, this project is expected to achieve an annual
saving of roughly 57,100 tons of coal (coal equivalent), which would otherwise
be required to produce the same amount of power, and consequently the
reduction of roughly 151,700 tons of carbon dioxide emission from the burning
of that coal each year.
"We are honored that Yangfeng Group has chosen to return to China Energy
Recovery for additional sets of our waste heat recovery systems for its
facility expansion," commented Mr. Qinghuan Wu, Chairman and CEO of China
Energy Recovery. "Yangfeng Group is a very good example of the positive impact
of China's recent stimulus package on our business. Since March, we have seen
an upward trend of inquiries regarding our systems and services and more
industrial companies in the segments we are focusing on have started or plan
to start new bidding campaigns or resume previously suspended ones for their
facility expansions. With our unique positioning in the market and our strong
and specialized design and engineering capabilities, we expect this upward
trend will bring us a stronger order flow in the second half of this year and
thus ensure an enhanced growth in 2010."
The number presented above is the total contract value, which includes a
17% value added tax and the retainage amount for product warranty purpose,
which is 5% of the total contract values and will be recognized as deferred
revenues. The numbers presented represent values based on current exchange
rates. Changes in the currency exchange rates would result in a commensurate
change in contract value.
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 vast amounts of that wasted energy and
converting it into usable heat energy or electricity, dramatically lowering
energy costs. Energy recovery systems are also capable of 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 leader in designing, manufacturing and installing
waste heat energy recovery systems which provide facilities with greater
energy efficiency. The company's primary focus is on 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, refining (including methanol
refining), etc. 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 increased 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 (and
is not obligated) 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.
For more information, please contact:

Media
Sean Mahoney
Tel: +1-310-867-0670
Email: seamah@gmail.com

Investor Relations
Jim Blackman
Tel: +1-713-256-0369
Email: jim@prfmonline.com

SOURCE China Energy Recovery, Inc.

Media: Sean Mahoney at +1-310-867-0670 or seamah@gmail.com; Or Investor
Relations: Jim Blackman at +1-713-256-0369 or jim@prfmonline.com