WUXI, China, June 9 /PRNewswire-Asia/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI) ("China Wind Systems" or the "Company"), which through its affiliates supplies high-precision components to the wind power industry and industrial equipment to the textile industry in the People's Republic of China, announced today that TheStreet.com interviewed its Chief Financial Officer, Mr. Leo Wang.
In the interview, Mr. Wang explained that wind power is one of the most cost efficient sources of renewable energy and the Chinese government is committed to supporting the alternative energy industry. Earlier this year, the Chinese government increased its 2020 installed wind energy capacity goal to 100 GW from 30 GW. China's wind energy installed capacity was approximately 12 GW at year-end 2008.
Mr. Wang also described the Company's role as an upstream supplier of rolled rings, flanges and shafts to wind turbine and gear box manufacturers, as well as wind farm operators. China Wind Systems recently began production at its new forging manufacturing facility, which features annual capacity of 40,000 tons.
The interview was published on May 27, 2009 and can be accessed by visiting http://tinyurl.com/CWSI-Interview .
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 and energy industries in China. With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its 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 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.
