July 12, 2011

China Power Equipment to Present at the 2011 Global Hunter Securities Investment Conference in San Francisco on July 19, 2011

XI'AN, China, July 12, 2011 /PRNewswire-Asia-FirstCall/ -- China Power Equipment, Inc. ("China Power Equipment", OTC Bulletin Board: CPQQ), the manufacturer of a new generation of energy saving electric transformer cores and transformers in the People's Republic of China, today announced that it will present at the 2011 Global Hunter Securities Investment Conference on July 19, 2011 in San Francisco, California.

                    The 2011 Global Hunter Securities
    Conference:     Conference.
                    Presentation, answers to questions,
    Event:          and smaller meetings.
    Date:          Tuesday, July 19, 2011
     time:         9:30 a.m. to 10:00 a.m.
                    InterContinental Hotel, 888 Howard
    Location:       Street, San Francisco CA 94103

China Power Equipment will present the company's strategy, products, market, and financial results during the presentation. Mr. Yongxing (Henry) Song, Chairman, President, and CEO, Ms. Yarong (Lillian) Feng, Director and Vice General Manager, and Ms. Nicole Chen, Vice President of Finance, will answer questions during the presentation and at smaller meetings in the conference.

While in the U.S., the management will also meet with investors from July 16 to July 19 on the west coast and from July 20 to July 23 on the east coast. Please contact Ms. Nicole Chen to arrange a possible meeting with the Company.

About China Power Equipment, Inc.

China Power Equipment, Inc., is a U.S. corporation, which through its wholly-owned subsidiary, An Sen (Xi'an) Power Science & Technology Co., Ltd., and its affiliated operating company, Xi'an Amorphous Alloy Zhongxi Transformer Co., Ltd., designs, manufactures, and distributes amorphous alloy transformer cores and amorphous alloy core distribution transformers in the People's Republic of China. The company currently manufactures 59 different products, primarily amorphous alloy cores and amorphous alloy core transformers.

Safe harbor statement

Certain statements in this release concerning our future growth prospects are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "could," "estimates," "expects," "future," "intends," "plans," "should," "will," and similar statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of the company's investments, risks and uncertainties regarding fluctuations in earnings, its ability to sustain its previous levels of profitability including on account of its ability to manage growth, intense competition, wage and inflation increases in China, its ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, its ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts, and legal restrictions on raising capital or acquiring companies outside China.

Additional risks that could affect the company's future operating results are more fully described in its filings with U.S. Securities and Exchange Commission. These filings are available at www.sec.gov and at www.chinapower-equipment.com.

The company may, from time to time, make additional written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in its annual report to shareholders, in news releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. The company does not undertake to update any forward-looking statements that may be made from time to time by or on its behalf, except as required under law.

For more information about China Power Equipment, please visit its website at www.chinapower-equipment.com.

    For more information,
     please contact:

    Ms. Nicole Chen (English
     and Chinese)
    Vice President of Finance
    China Power Equipment, Inc.
    Telephone +86 (29) 6261
    Mobile +86 186 1633 1170
    Email: [email protected]


    Mr. Chen Yuanyuan (English
     and Chinese)
    Mobile +86 139 2337 7882 in
    [email protected]

    Mr. Tom Myers (English)
    Mobile +86 139 1141 3520 in
    [email protected]


SOURCE China Power Equipment, Inc.