SHENYANG, China, Sept. 20, 2016
SHENYANG, China, Sept. 20, 2016 /PRNewswire/ -- NF Energy Saving Corporation (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 that it recently signed a $1.7 million sales contract with the Dahufang reservior, Liaoning Province, to supply the phase II project with gate valves . All products are anticipated to be delivered in December, 2016.
The water diversion project relating to the Dahuofang reservior is one of the biggest water project in Liaoning Province. Its purpose is to resolve the water shortage for six cities in the middle of Liaoning Province in China, such as Fushun, Shenyang, Liaoyang, Anshan, Yingkou and Dalian, which are the most developed cities in the province. The total length is 260 km. The Company delivered valves for the phase I of this project of approximately $4.7 million between 2008 and 2009, The construction of the phase I has been completed and has delivered water for Shenyang city with 1.3 million tons daily. The phase II project plans to resolve the drought in some region, such as Yingkou and Dalian. The Company expects the more contacts will be signed along with the construction of this project in future.
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: 0086-24-25609775
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nf-energy-saving-corporation-announces-the-new-contract-signed-by-nf-energy-300329906.html
SOURCE NF Energy Saving Corporation