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ZHONGSHAN, China, July 1, 2013 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (" Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that its first 6.5MW prototype super compact drive ("SCD") wind turbine generator ("WTG") has been successfully completed in June 2013, and installation and testing are expected to commence in the third quarter of 2013. The 6.5MW SCD prototype utilizes Ming Yang's advanced two-bladed SCD technology. It is designed mainly for off-shore operation, and Ming Yang believes that this SCD WTG prototype currently has the largest design capacity of its kind in the world. "We are very proud to complete our 6.5MW SCD prototype design and production within our time and budget schedules," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "We believe that the 6.5MW design would enable us to offer a solution that helps to further lower the cost of off-shore wind power generation in China to a new level."Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "to be," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "goal," "strategy" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond
Ming Yang's control, which may cause
Ming Yang's actual results, performance or achievements to differ materially from those in the forward-looking statements. Actual results or events may differ from those anticipated or predicted in this press release, and the differences may be material. Further information regarding these and other risks, uncertainties or factors is included in
Ming Yang's filings with the U.S. Securities and Exchange Commission.
Ming Yang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
About China Ming Yang Wind Power Group Limited