- To Build a Well-Informed, Long-Term Shareholder Base Attracted by China’s Growing Alternative Power Generation Market -
SHENYANG, China, Feb. 2 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation systems in China and a fast growing manufacturer of wind turbines, today announced that it has retained Grayling to lead its strategic investor relations program and broaden the base of the Company's well-informed, long-term investors through targeted communications with the financial community and enhanced exposure in the financial media.
"We are delighted to develop our new communication program with Grayling, which was selected after our careful review of several candidates. Their strong track record in the energy industry, keen understanding of China's industrial market, and proven ability to enhance shareholder value for their clients were the key reasons we want them to lead our investor relations efforts," said Mr. Jinxiang Lu, A-Power's Chairman and CEO. "Together with Grayling, we will improve our transparency, articulate our solid asset base, our dominant position as China's largest distributed power generation system provider, and our strong foothold in China's nascent wind power market through our manufacturing business based on technology licensed from our European partners. We firmly believe A-Power offers exciting growth potential and a sound business model in one of the world's most active energy markets."
Grayling, a subsidiary of London Stock Exchange-listed Huntsworth PLC
(LSE: HNT), is headquartered in London, with offices in New York, Los Angeles, Hong Kong, Shanghai, Bangkok, Singapore, Brussels, Moscow, Tel Aviv, Istanbul, Dublin, Edinburgh, Cardiff, Bristol, and Birmingham. Grayling has over 200 consultants, focusing on first-class delivery in investor relations, public affairs, public relations and events management.
About A-Power Energy Generation Systems, Ltd.
A-Power Energy Generation Systems, Ltd. ("A-Power"), through its
China-based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered the wind energy market and has built China's largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with technologies licensed from German Fuhrlander AG and Denmark-based Norwin, and a total annual production capacity of 1,125MW. A-Power also has strategic relationships with Tsinghua University in Beijing and the China Academy of Sciences in Guangzhou to develop and commercialize other renewable energy technologies.
For more information, please visit: http://www.apowerenergy.com/
Safe Harbor
This press release may contain forward-looking statements. Any such statement is made within the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements. Such forward-looking statements, based upon the current beliefs and expectations of our management, are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements, including but not limited to, the risk that: the expected benefits of the supply and partnership agreements may not materialize to the extent expected or at all; we expect to rely increasingly on our proprietary products and systems and on technology developed by our licensors and partners, and if we or our licensors or partners become involved in an intellectual property dispute, we may be forced to spend considerable resources resolving such dispute; a decrease in the rate of growth of China's industry and economy may lead to a decrease in our revenues because industrial companies in China are our principal source of revenues; decreases in the price of oil and gas could reduce demand for our wind turbine systems, as well as other relevant risks detailed in our filings with the Securities and Exchange Commission, including those set forth in our annual report filed on Form 20-F for the fiscal year ended December 31, 2007. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.
For more information, please contact:
In China:
Mr. John S. Lin
A-Power Energy Generation Systems, Inc.
Interim CFO
Email: john@apowerenergy.com
In the U.S.:
Mr. Valentine Ding / Mr. Dixon Chen
Grayling
Investor Relations
Tel: +1-646-284-9412
Email: vding@hfgcg.com
dchen@hfgcg.com
