China Energy Recovery
China Energy Recovery is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market.
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China Energy Recovery names Estelle Lau independent director
China Energy Recovery Inc (OTC:CGYV) said it has appointed Estelle Lau to its board as an independent director effective October 1 2009. The company's board is currently composed of four independent directors out of a total of seven directors.
Lau has been a consultant for the past 10 years in the venture capital community focusing on cross-border investments in Asia, mainly in Chinese-speaking countries. She has served as General Counsel to pan-Asian venture funds, including CVM Capital and Crimson Capital. She held the position of vice president at 51Job Inc, the leading provider of HR services in China and listed on Nasdaq, where she served as internal counsel and managed investor relations in the US.
Chairman, CEO and founder Qinghuan Wu said: "Ms Lau has abundant experience in cross-border investments and public company operations along with an impressive legal background in the United States. We believe she will bring great insight and value to the development of our company."
China Energy Recovery designs, manufactures and installs waste heat energy recovery systems, which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate sellable emissions credits. CER has deployed its systems throughout China and internationally with systems in Egypt, Korea, Vietnam and Malaysia.
Last month, the group won a US$5.05 million engineering, procurement and construction (EPC) contract for a heat recovery system from Hubei Sanning Chemical, a fertilizer and coal chemical subsidiary of Jincheng Coal Group, a top-10 Chinese coal producer.
This order followed a US$4.47 million EPC deal announced earlier in September to build a sulfuric acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical, a subsidiary of Tianjin Bohai Chemical Group.
Other China Energy Recovery news
- China Energy Recovery completes US$1.42m contract for Hubei Yangfeng Group
2009-10-14 - China Energy Recovery wins heat receovery system contract from Hubei Sanning
2009-09-24 - China Energy Recovery wins US$4.47m sulfuric acid plant order in Tianjin
2009-09-09 - China Energy Recovery agrees major terms for site of new manufacturing plant
2009-08-27 - China Energy Recovery files new heat recovery patent
2009-08-19
