A-Power Energy Generation Systems Ltd. to Ship 2 Units of the 2.7MW Wind Turbines to Jinzhou Jinxia New Energy Co., Ltd. in Liaoning Province
Generation Systems, Ltd. (Nasdaq: APWR) (“A-Power” or “the Company”), a
leading provider of distributed power generation (“DG”) systems in
fast-growing manufacturer of wind turbines, today announced it has signed a
contract with Jinzhou Jinxia New Energy Co., Ltd. to supply two units of
A-Power’s 2.7MW wind turbines for Daxinglong Mountain Wind Power Generation
Plant in Jinzhou City,
the contract is not disclosed.
About A-Power
A-Power Energy Generation Systems Ltd. (“A-Power”), through its
power generation systems in
environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered
the wind energy market and has built
manufacturing facility, located in
technologies licensed from German FUHRLANDER AG and
a total annual production capacity of 1,125MW. In
into an agreement to establish a Joint Venture partnership with GE Drivetrain
Technologies to produce wind turbine gearboxes in
strategic relationships with Tsinghua University in
Academy of Sciences in
energy technologies. For more information, please visit
http://www.apowerenergy.com .
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This press release may contain forward-looking statements. Any such
statement is made within the ‘safe harbor’ provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” and other similar
statements. Statements that are not historical facts, including statements
relating to anticipated future earnings, margins, and other operating results,
future growth, construction plans and anticipated capacities, production
schedules and entry into expanded markets are forward-looking statements. Such
forward-looking statements, based upon the current beliefs and expectations of
our management, are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking statements,
including but not limited to, the risk that: inclement weather conditions
could adversely affect our operating results in particular quarters and/or
fiscal years; we may experience construction and development delays on our
projects which could adversely affect our financial condition and operating
results; our limited operating history and recent entrance into new markets
may make it difficult for you to evaluate our business and future prospects;
the expected benefits of supply and partnership agreements may not materialize
to the extent expected or at all; we expect to rely increasingly on our
proprietary products and systems and on technology developed by our licensors
and partners, and if we or our licensors or partners become involved in an
intellectual property dispute, we may be forced to spend considerable
resources resolving such dispute; a decrease in the rate of growth of
industry and economy may lead to a decrease in our revenues because industrial
companies in
relevant risks detailed in our filings with the Securities and Exchange
Commission, including those set forth in our annual report filed on Form 20-F
for the fiscal year ended
should be read in light of such risks. We assume no obligation to update the
information contained in this press release, except as required under
applicable law.
For more information, please contact:
Mr. John S. Lin
Chief Operating Officer
A-Power Energy Generation Systems
Email: john@apowerenergy.com
Mr. Valentine Ding / Mr. Dixon Chen
Investor Relations
Grayling
Tel: +1-646-284-9412
Email: valentine.ding@us.grayling.com
dixon.chen@us.grayling.com
SOURCE A-Power Energy Generation Systems Ltd.