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A-Power Energy Generation Systems Ltd. to Acquire 1.5MW Wind Turbine Proprietary Technology from Shenyang Huaren Wind Power Technology Development Co., Ltd.

July 28, 2009

SHENYANG, China, July 28 /PRNewswire-Asia-FirstCall/ — A-Power Energy
Generation Systems Ltd. (Nasdaq: APWR) (“A-Power” or “the Company”), a leading
provider of distributed power generation (“DG”) systems in China and a
fast-growing manufacturer of wind turbines, today announced that it has signed
an agreement with Shenyang Huaren Wind Power Technology Development Co., Ltd.
(“Huaren”) to acquire Huaren’s proprietary technology to commercially produce
and sell 1.5MW-grade wind turbines. In addition, A-Power has agreed to fulfill
Huaren’s back order of ten units of the same turbines with a customer in China.

Pursuant to the contract, Huaren will transfer, within a month of the
signing of the contract, the blueprints, the technical specifications and
other related studies and manuals for the 1.5MW double-fed, variable-speed and
constant-frequency wind turbines developed by Huaren to A-Power as well as its
wind power business divisions. Huaren’s technicians will train and direct
A-Power’s engineers and technicians on the assembly, installation and testing
of the first prototype wind turbines based on Huaren’s technology. The
contract expires July 28, 2012.

Based in Shenyang City, Liaoning Province, Huaren is a wind turbine
technology licensing, consulting and training firm with more than 50 engineers.
It is affiliated with the Wind Power Technology Research Institute of Shenyang
Industrial University. For more information, please visit Huaren’s
Chinese-language Website at http://www.hrwind.com/Html/main.asp .

Upon receiving the 1.5MW wind turbine technology from Huaren, A-Power will
apply for related patents and other intellectual property protection.

About A-Power

A-Power Energy Generation Systems Ltd. (“A-Power”), through its
China-based operating subsidiaries, is the largest provider of distributed
power generation systems in China, focusing on energy-efficient and
environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered
the wind energy market and has built China’s largest wind turbine
manufacturing facility, located in Shenyang, Liaoning Province, with
technologies licensed from German FUHRLANDER AG and Denmark-based Norwin, and
a total annual production capacity of 1,125MW. In March 2009, A-Power entered
into an agreement to establish a Joint Venture partnership with GE Drivetrain
Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has
strategic relationships with Tsinghua University in Beijing and the China
Academy of Sciences in Guangzhou to develop and commercialize other renewable
energy technologies. For more information, please visit
http://www.apowerenergy.com .

Safe Harbor Statement

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: We are dependent on our licensing
partners, and events involving these licensing partners or any future
licensing partners could prevent us from developing our wind turbine business;
our technicians may have difficulty adapting our licensed technology; systems
that we develop and install may contain design or manufacturing defects, which
could result in reduced demand for our services and customer claims and
uninsured liabilities; we expect to rely increasingly on our proprietary
products and systems and on technology developed by our licensors, and if we
or our licensors become involved in an intellectual property dispute, we may
be forced to spend a significant amount of time and financial resources to
resolve such intellectual property dispute, diverting time and resources away
from our business and operations; 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 as well as
other 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 December 31, 2008. The information set forth herein
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.


Source: newswire



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