June 12, 2014 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for
China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that it has recently signed a
RMB22 million (or
$3.38 million) contract with an environmental protection company in
Beijing for a major retrofit project over the industrial coal fired boilers owned by a Chinese aircraft manufacturing company.
According to the contract, NF Energy will provide and install boiler denitration, dust removal and desulfurization systems two sets of equipment at the project for sulfur dioxide and nitrogen oxide emissions reduction and dust removal. The Company's services include system design, equipment fabrication, supply and installation, as well as start up adjustment .
Mr. Gang Li, Chairman, said , "as a result of the large emission of sulfur dioxide and nitrogen oxide from
China's thermal power plants, industrial and space heating boilers, which are primarily fired with coal, the country has been faced with the increasing challenge of poor air quality and environmental pollution, including the heavy smog which has hit vast areas in
China recently. It has been mandated in
China's Energy Conservation and Emission Reduction Program for the 12
th 5 year Plan Period that energy efficiency enhancements and dust removal retrofits shall be conducted on coal fired industrial boilers and emission intensive industries such as iron, steel and cement making. Therefore, the Company hopes that this project contract will be one of many opportunities ".
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 StatementThe 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 . SOURCE NF Energy Saving Corporation
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