WUXI, China, April 29 /PRNewswire-Asia-FirstCall/ -- China Wind Systems, Inc. (Nasdaq: CWS), ("China Wind Systems" or the "Company"), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, announced today that it signed an agreement to provide forged products on a trial basis to Guangdong MingYang Wind Power Technology Co., Ltd ("MingYang").
Based in Zhongshan, Guangdong Province and founded in 2006, MingYang manufactures wind power turbines and provides installation services for wind turbines.
The agreement stipulates that China Wind Systems will supply yaw brake discs and yaw sleeve gaskets to MingYang for use in 3MW wind turbines. The Company anticipates MingYang to place a larger order with the Company upon satisfactory inspection of the trial products.
"We believe our expertise in forged product manufacturing and our commitment to producing quality products will meet MingYang's growing requirements," commented Mr. Jianhua Wu, Chairman and CEO of China Wind Systems. "We look forward to building a long-term relationship with MingYang."
About China Wind Systems, Inc.
China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile industry in China. With its newly finished state-of-the-art production facility, the Company has increased its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries. For more information on the Company, visit http://www.chinawindsystems.com . Information on the Company's Web site or any other Web site does not constitute a portion of this release.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and affiliated companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For further information, please contact:
Company Contact:
China Wind Systems, Inc.
Ms. Teresa Zhang
Chief Financial Officer
Tel: +1-877-224-6696 x705
Email: teresa.zhang@chinawindsystems.com
Web: http://www.chinawindsystems.com
Investor Relations Contact:
CCG Investor Relations
Mr. Shaun Smolarz
Financial Writer
Tel: +1-646-701-7444
Email: shaun.smolarz@ccgir.com
Mr. Athan Dounis
Account Manager
Tel: +1-646-213-1916 (NY office)
Email: athan.dounis@ccgir.com
Web: http://www.ccgirasia.com
