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 completes US$0.48 mln waste heat recovery system
China Energy Recovery Inc. (OTCBB: CGYV) said it has completed a waste heat recovery system for Mingye Chemical Fiber in Shaoxing City, Zhejiang Province.
The total contract value for the new system is approximately US$0.48 million and the corresponding revenue to be recognized in the second quarter 2009 according to US GAAP would amount to roughly US$0.39 million.
Chairman and CEO Qinghuan Wu commented. Though our client base is increasingly becoming large sized state-owned enterprises, public companies, foreign invested enterprises and overseas corporations, we are also seeing more and more privately held entrepreneurial clients in China starting to recognize the energy saving benefits from waste heat recovery and proactively assuming environmental responsibilities along with their fast growth. We expect this trend to continue and anticipate Q2 will significantly surpass Q1 and exceed the same quarter of 2008 too."
Other China Energy Recovery news
- China Energy Recovery completes US$1.42m contract for Hubei Yangfeng Group
2009-10-14 - China Energy Recovery names Estelle Lau independent director
2009-10-07 - 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
