NF Energy delivers energy-efficient flow control system to large water supply project in Guangzhou
SHENYANG, China, Jan. 5, 2010 -- NF Energy Saving Corporation has delivered 24 sets of its newly developed DN3600 Ductile Iron Butterfly Valve to a large water supply project in Guangzhou, the provincial capital of Guangdong in Southern China...
• US GAAP revenue of US$2.25 million to be recognized in Q4 2009
SHENYANG, China, Jan. 5, 2010 -- NF Energy Saving Corporation, a Chinese leader in providing integrated energy conservation solutions, today announced the Company has delivered 24 sets of its newly developed DN3600 Ductile Iron Butterfly Valve to a large water supply project in Guangzhou, the provincial capital of Guangdong in Southern China. The Company expects to recognize US GAAP revenue of US$2.25 million in Q4 2009.
The DN3600 Ductile Iron Butterfly Valve, with an internal diameter of 3.6 meters, is the largest in China. The advanced ductile iron technology has improved the anticorrosion and impact resistance of the valve, which extends its working life to over 30 years.
Mr. Li Gang, Chairman and CEO of NF Energy, commented, "We are honored to supply our newly developed energy-efficient flow control system to this important water supply project, which will greatly improve the water quality in Guangzhou and secure the water supply for the forthcoming Guangzhou Asian Games. I am also pleased to highlight our ability to deliver superior and market leading technology with new features extending the life of our butterfly valves."
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. The current revenues are primarily from its energy saving flow control products. 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