Worldwide Energy and Manufacturing Announces $8.1 Million in New Solar Module Contracts
Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced that its solar division, AmeriSolar, has signed $8.1 million in new solar module contracts, with approximately $4 million from a new customer and $4.1 million from an existing customer. To date, AmeriSolar has signed approximately $30 million in new contracts, the majority of which of which are expected to be recorded during the 2008 calendar year.
The Company’s long-term objective is to become a leading player in the solar module industry.
Worldwide Energy’s Chief Executive Officer Jimmy Wang stated: “Our solar division continues to obtain new module contracts from new customers as well as existing customers demonstrating our ability to retain customers as well to gain new customers in the renewable energy market. The worldwide demand for renewable alternative energy sources continues to drive our strong growth. We are very encouraged by the strong growth. We have already surpassed our projected revenues for the solar division for 2008. We will continue to expand our market share in the solar sector as we become one of the fastest growing companies in the clean-tech industry.”
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (“Worldwide”), headquartered in South San Francisco, California, is a 15-year-old engineering-oriented firm specializing in PV panel, mechanical, electronics and fiber optic products manufacturing. The company’s worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
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The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.
Contact: At the company: Worldwide Energy and Manufacturing USA, Inc. John Ballard 303-885-5501 email@example.com://www.wwmusa.com
SOURCE: Worldwide Energy & Manufacturing USA, Inc.