SHENYANG, China, Sept. 3, 2008 (GLOBE NEWSWIRE) -- NF Energy Saving Corporation of America (OTCBB:NFES), a manufacturer of energy saving equipment and a provider of integrated energy conservation solutions, today announced that it just signed a new contract with El Concorde Construction Co. Ltd. ("El Concorde") to supply valve products to El Concorde's waste water project, KUT Sewerage Treatment Plant in Iraq. The new contract will generate sales revenue of US$ 362,274 for the Company.
El Concorde's waste water project that started in June 2006 is for the Iraqi Ministry of Municipalities & Public Works. The total investment for this project is US$ 19 million (http://www.elconcorde.com/Projects.html). NFES will supply flow control valves, penstocks, and accessories to KUT Sewerage Treatment Plant.
"El Concorde is a large multinational engineering and construction company. We are very pleased to cooperate with El Concorde in the KUT sewerage treatment plant project and to supply them with high-quality valve products," stated Mr. Gang Li, the Chairman and CEO of the Company. "This is not the first time for us to supply our flow control valve products to foreign clients, but it is the first time for us to supply our products to a foreign waste water treatment plant. The water industry will be an important industry for us to develop for our future growth."
About El Concorde Construction Co. Ltd.
El Concorde Construction Ltd. ("El Concorde") is a privately owned multinational group of companies. It is a premium full-service engineering and construction company that provides broad professional services from planning and design to Program management, Construction and Operation & Maintenance. Dr. Hamid Jabr founded El Concorde in 1980, and the firm is actively participating in major infrastructure, water, wastewater, environmental, electromechanical, civil, building, industrial and engineering contracting in several regions.
About NF Energy Saving Corporation of America
Website: www.nfenergy.com
NF Energy Saving Corp of America (OTCBB:NFES) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents. The management team of the Company has over 10 years of EMC project experience and has completed over 300 successful energy-saving projects.
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