SHENYANG, China, Sept. 18, 2008 (GLOBE NEWSWIRE) -- NF Energy Saving Corporation of America (OTCBB:NFES) ("NFES" or the "Company"), a manufacturer of energy-saving equipment and a provider of integrated energy conservation solutions, today announced that the company has received eight new patents in China in the past two months, strengthening the company's leading technology position in the Chinese energy-saving industry.
The new Chinese patents that NFES received include:
1. Liquid control valve on-off speed control device
(Patent No. 00720185286.0)
2. Plunger flow control valve with Knock-down piston ring
(Patent No. 200720185288.x)
3. Skew T-shaped large-sized butterfly rubber seal ring
(Patent No. 200720185291.1)
4. Indication device for butterfly valve body seal ring
(Patent No. 200720185293.0)
5. J-shaped large-sized butterfly hard seal ring
(Patent No. 200720185292.6)
6. Gate valve multiple seal ring
(Patent No. 200720185290.7)
7. Butterfly valve with butterfly ply open stopper
(Patent No.: 200720185289.4)
8. Multi-level buffering full range oriented damping oil damper
(Patent No. 200720185287.5)
NFES has developed over 10 patents in the fields of valve manufacturing and energy-saving technologies. NFES has a strong R&D team with over 40 engineers. NFES has a professional R&D institute and has established a long-term close cooperation with Northeast University in China, Shenyang Metal R&D Institute of China Science Academy, and Liaoning Provincial Energy-Saving Planning & Design Institute. NFES's R&D institute was awarded the status of a provincial-level technology center.
"I am pleased to announce that we have received another eight new patents in the past two months. We applied for these patents at the end of 2007, and finally obtained approval from the Property Right Bureau of People's Republic of China in the last two months," said Mr. Gang Li, Chairman and CEO of NF Energy Saving Corporation of America. "We always endeavor to develop new technologies in the energy-saving field, so we can provide higher quality products to our clients at lower costs. I am proud of our R&D team and we plan to develop more new technologies to better serve our clients and increase our market share in the future."
About NF Energy Saving Corporation of America
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. For more information on the Company, please visit: www.nfenergy.com
Safe Harbor Statement
This press release contains certain statements that may include 'forward looking statements' as defined in the Private Securities Litigation Reform Act of 1995 . These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" 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 and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or 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.