NF Energy Saving Corporation Completes US$560,000 Energy-Efficient Flow Control System for a Large Ultra-Supercritical Coal Power Plant in Guangdong Province

Tue Nov 3, 2009 8:30am EST
 
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NF Energy Saving Corporation Completes US$560,000 Energy-Efficient Flow
Control System for a Large Ultra-Supercritical Coal Power Plant in Guangdong
Province
-- 1st batch of energy-efficient flow control systems to be delivered in Q4
2009

SHENYANG, China, Nov. 3 /PRNewswire-Asia/ -- NF Energy Saving Corporation
(OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in energy efficient
flow control systems, today announced the Company has completed the 1st batch
of energy efficient flow control systems for a large power plant in Guangdong
province. Four butterfly valves are to be delivered in Q4 2009. US GAAP
revenue of US$560,000 is to be recognized in Q4 2009. Another batch of four
butterfly valves is to be delivered in 2010 and US GAAP revenue of US$560,000
is to be recognized in 2010.
    This power plant is China's new Ultra-Supercritical coal power plant being
built to replace small, dirty and inefficient coal power plants with design
capacity of 2 x 1000MW of generation capacity. It will greatly improve the
electricity supply in the Pearl River Delta Area.
    About NF Energy Saving Corporation
    Website: http://www.nfenergy.com
    NF Energy Saving Corporation (OTCBB: 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. Headquartered in Shenyang city of
China, the Company currently has 220 employees and several proprietary energy
saving technologies and patents.
    Safe Harbor Statement
    This press release contains certain statements that may include
"forward-looking statements" as defined in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are often identified by
the use of forward-looking terminology such as "believes, expects, anticipate,
optimistic, intend, will" or similar expressions. Such forward-looking
statements involve known and unknown risks and uncertainties that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's periodic
reports that are filed with and available from the Securities and Exchange
Commission. All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws, the Company
does not assume a duty to update these forward-looking statements.
    For more information, please contact:

     Howard Gostfrand
     American Capital Ventures
     Tel:   +1-305-918-7000
     Email: info@amcapventures.com
     Web:   http://www.amcapventures.com

SOURCE  NF Energy Saving Corporation

Howard Gostfrand, American Capital Ventures, +1-305-918-7000,
info@amcapventures.com

 

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