China Wind Systems Receives Follow-up Orders to Supply Solar Chambers Subassemblies
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.
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For more information, please contact: Company Contact: Investor Relations Contact: Mr. Fernando Liu Mr. Athan Dounis Chief Financial Officer CCG Investor Relations China Wind Systems, Inc. Tel: +1-646-213-1916 Tel: + 86-13761347367 Email: firstname.lastname@example.org Email: email@example.com Web: www.ccgirasia.com Web: www.chinawindsystems.com
SOURCE China Wind Systems, Inc.