NF Energy
NF Energy-saving Corporation of America was listed on NASD OTCBB stock market. (Trading Symbol: NFES.OB). The Company operates its business through its wholly owned subsidiary in China, Liaoning Nengfa Weiye Energy Technology Co., Ltd., which principally focus on manufacturing energy-saving equipments and new energy facilities, contracting with energy-saving & pollution reduction Turn-Key project, and operating Energy Management Contract (EMC) projects.
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NF Energy wins US$0.68m contract for flow control systems
Chinese energy efficient flow controls specialist NF Energy Savings Corporation (NF Energy) has continued strong performance, winning yet another deal just a week after securing a US$3.29 million order for flow control systems for a water supply project in China.
Today NF Energy announced it has outbid other contestants to win a contract to supply twenty eight sets of fluid-control butterfly valves to 2x660MW supercritical coal-firing power plants in Northern India.
The deal is worth US$0.68 million. The value under US GAAP is US$0.58, which will be recognized in the first quarter of 2010.
"NF Energy is highly recognized by customers at home and abroad based on its industry influence, technology, market performance and project engineering experience and we will continue to provide better products and services to customers," said NF Energy Chief Executive Officer Li Gang.
The shipments are slated for March 2009.
The company has doubled its value in a little over a month owing to contract wins and storng financial results, reaching the current level of US$1.64 per share.
Other NF Energy news
- NF Energy Saving shares down as Q4 earnings slide
2011-03-25 - NF Energy signs contract with Fuxin HF Bio-energy for energy savings project in China
2010-09-15 - NF Energy expects to increase revenue by at least 33% in 2010
2010-04-21 - NF Energy expects to benefit from Chinese policies for energy
2010-04-14 - NF Energy expects 2009 earnings to soar 250% as revenues climb 28%
2010-02-26
