WUXI, Jiangsu, China, March 25 /PRNewswire-Asia/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI) ("China Wind Systems" or the "Company"), which supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, today announced that it will begin supplying 1.5 megawatt (MW) shafts to new wind power customers as well as industrial shafts to heavy machinery customers in China.
New wind power customers include:
-- Dong Fang Electric, Co., Ltd.
-- Zhejiang Yunda Co., Ltd.
-- Shanghai Electric Co., Ltd.
-- Mingyang Wind Power Technology Co., Ltd.
China Wind Systems will also be supplying industrial shafts to Shenyang Heavy Machinery Co., Ltd. and flanges to Shandong Ping Cheng Heavy Machinery Co., Ltd.
The agreements with these customers stipulate that initial batches of forged products in the amount of 100-300 tons per customer will be delivered and tested before larger orders are placed and major contracts signed.
"We are very pleased to be delivering our products to high profile customers in the wind power and heavy machinery industries," said Mr. Jianhua Wu, chairman and CEO of China Wind Systems, Inc. "We will initially deliver 1,500 tons of forged products to the above-mentioned customers and anticipate larger orders in the coming months as we establish ourselves as the preferred manufacturer of forged products. This will also be an excellent opportunity to increase our profile as a leading forged products producer in the wind power and heavy machinery industries," concluded Mr. Wu.
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 plans to increase 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 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.
