• US GAAP revenue of US$480,000 to be recognized
SHENYANG, China, Oct. 15, 2009 -- NF Energy Saving Corporation, a Chinese leader in energy efficient flow control systems, today announced the Company won bidding on Phase I of Dahuofang Water Supply Project.
NF Energy will supply more than 70 sets of butterfly valves to the project. US GAAP revenue of US$480,000 is to be recognized and the products will be delivered by April 2010.
Dahuofang Water Supply Project is an important project in Liaoning Province. Its total investment is RMB902 million (US$132 million). Its daily water supply capacity to Shenyang City is 2.1 million cubic meters.
Mr. Li Gang, Chairman and CEO of NF Energy, commented, "We are pleased to win Phase I of this important water supply project and we will follow up the next phase bidding."
About NF Energy Saving Corporation
NF Energy Saving Corporation 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. Website: http://www.nfenergy.com/