• US GAAP revenue of US $330,000 to be recognized in Q1 2010
SHENYANG, China, March 12, 2010 -- NF Energy Saving Corporation, a Chinese leader in providing integrated energy conservation solutions, today announced it has delivered 22 sets of recycling water system electric butterfly valves and fluid control butterfly valves to a thermal power plant in Dalian. The Company expects to recognize US GAAP revenue of US $330,000 in Q1 2010.
The equipment supplies one of the five national level Sino-foreign joint projects for manufacturing Combined Heat and Power Generation (CHP) Equipment. Equipped with 4 x 300MW sub-critical coal-fired units, the project will achieve 12 million square meters of heat supply and 100 tons per hour of gas supply. It is a highly promoted energy construction project in Dalian, and will achieve annual savings of 180,000 tons of standard coal and will reduce particulate matter pollution by 4,500 tons annually.
About NF Energy Saving Corporation
NF Energy Saving Corporation (OTCBB: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The current revenues are primarily from its energy saving flow control products. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents. Website: http://www.nfenergy.com