WUXI, Jiangsu, China,
April 21, 2011
/PRNewswire-Asia-FirstCall/ -- China Wind Systems, Inc.
(Nasdaq: CWS), ("China Wind Systems" or the "Company"), a leading
supplier of forged products and industrial equipment to the wind
power and other industries in China, today announced that the
Company received a total of two purchase orders from its customer
to deliver 40 solar chamber subassemblies The Company delivered
sample product units over the past few months, which have been
inspected and approved by the customer. As a result, the Company
received a follow-up order to supply 10 units of solar chamber
subassemblies for $0.3 million for
delivery in April 2011 and another
order to supply 30 units for $0.8
million by June 2011.
"We will utilize our self-manufactured forged rolled rings to
manufacture and deliver solar chamber subassemblies under the
contract. This marks an important milestone for China Wind as it demonstrates the high-quality
of our forged rolled rings which are in accordance with the
international standards for manufacturing and quality control. Our
new customer is assisting us in expanding our capacity by supplying
some components for six of the 30 units under the second purchase
order," commented Mr. Jianhua Wu,
Chairman and Chief Executive Officer of China Wind Systems. "We are
committed to the highest quality standards of production which
enable us to capitalize on the attractive growth opportunities in
the clean energy sector. We believe this supply contract moves us
closer to our goal of becoming a leading supplier to the clean
energy industry and further diversifying our customer base. We
believe clean energy solutions will drive our future revenue growth
and profitability."
About China Wind Systems, Inc.
China Wind Systems, Inc. is a rapidly growing supplier of
precision forged components primarily to the wind industry in China
- the world's leading wind-power market. The Company also supplies
forged and other components and fabricated products to other
industries. For more information on the Company, visit
http://www.chinawindsystems.com. Information on the Company's Web
site or any other Web site does not constitute a portion of this
release.
Safe Harbor Statement
This release contains, or may contain, certain
"forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
relating to the business of the Company and its subsidiary and
affiliated companies. All statements, other than statements of
historical fact included herein are "forward-looking statements,"
including any other statements of non-historical information.
These forward looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. Such forward looking statements involve known
and unknown risks and uncertainties that may cause actual results
to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (www.sec.gov), including the
information contained under "Risk Factors" and Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's Form 10-K for the year ended
December 31, 2010. All
forward-looking statements attributable to the Company or to
persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
For more information, please
contact:
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Company
Contact:
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Investor Relations
Contact:
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Mr. Fernando
Liu
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Mr. Athan
Dounis
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Chief Financial
Officer
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CCG Investor
Relations
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China Wind
Systems, Inc.
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Tel:
+1-646-213-1916
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Tel: +
86-13761347367
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Email:
athan.dounis@ccgir.com
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Email:
fol@chinawindsystems.com
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Web:
www.ccgirasia.com
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Web:
www.chinawindsystems.com
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SOURCE China Wind Systems, Inc.