China Wind Systems, Inc. Is Added to First Trust ISE Global Wind Energy Index Fund
Posted on: Wednesday, 30 July 2008, 18:00 CDT
WUXI, Jiangsu Province, China, July 30 /Xinhua-PRNewswire-FirstCall/ -- China Wind Systems, Inc. (BULLETIN BOARD: CWSI) ("China Wind Systems" or the "Company"), which through its affiliates manufactures and sells industrial equipment for use in the textile and energy-related industries in the People's Republic of China, announced today that the Company has been added to the First Trust ISE Global Wind Energy Index Fund . FAN is the first exchange-traded fund (ETF) to be focused entirely on wind energy.
FAN debuted in June and tracks the International Securities Exchange Global Wind Energy Index. The Index provides a benchmark for investors interested in tracking public companies worldwide that are active in the wind energy industry. China Wind Systems joins Vestas Wind Systems (VWS.DE), Nordex AG (NDX1.GY), American Superconductor Corporation (AMSC) and China High Speed Transmission Equipment Group Co., Ltd. (658.HK), in being included in FAN, among other energy companies focusing on wind power.
"We sincerely appreciate this important recognition from the investment community in being added to the first wind-energy ETF," said Jay Wang, senior vice president, finance of China Wind Systems. "Our Company remains focused on delivering our promise to the markets and wind industry to become a key supplier of essential wind-power components."
About the ISE Global Wind Energy Index
The ISE Global Wind Energy Index is owned and was developed by the International Securities Exchange LLC, in consultation with Standard & Poor's, a division of The McGraw-Hill Companies, Inc. The index is reconstituted and rebalanced semi-annually according to the index methodology. The index is calculated and maintained by Standard & Poor's.
About China Wind Systems, Inc.
China Wind Systems, through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, manufactures and sells industrial equipment for use in the textile and energy related industries in China. Since August 2007, the Company has shifted its strategy to focus on the growing wind energy industry in China, and has begun to supply high precision rolled rings to companies in the wind power energy industry.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. 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 (http://www.sec.gov/). 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: Company Contact: Mr. Jay Wang Senior Vice President, Finance China Wind Systems, Inc. Tel: +1-917-838-5277 Email: jay.wang@chinawindsystems.com Web: http://www.chinawindsystems.com/ Investor Relations Contact: Mr. Crocker Coulson President CCG Investor Relations Tel: +1-646-213-1915 (NY Office) Email: crocker.coulson@ccgir.com Web: http://www.ccgir.com/
China Wind Systems, Inc.
CONTACT: Company Contact: Mr. Jay Wang, Senior Vice President, Finance ofChina Wind Systems, Inc., +1-917-838-5277, or jay.wang@chinawindsystems.com;Or Investor Relations Contact: Mr. Crocker Coulson, President of CCG InvestorRelations for CWSI, +1-646-213-1915 (NY Office), or crocker.coulson@ccgir.com
Web site: http://www.chinawindsystems.com/http://www.ccgir.com/
Source: PRNewswire
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