A-Power Energy Generation Systems, Ltd Announces Delivery of Prototype Wind Turbine For U.S. Wind Energy Market

2010年09月28日 21:12美通社 】 【打印共有评论0

SHENYANG, China, Sept. 28 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of dIStributed power generation systems in China and a fast-growing manufacturer of wind turbines, today announced the delivery of one prototype 2.05MW wind turbine generator set at its factory in Shenyang, Liaoning Province, China.The prototype will be shipped to TEXas and is planned to be installed at the site of the proposed 600 MW Spinning Star Wind Energy Project, to be located in west Texas, U.S.

Mr. Jinxiang Lu, A-Power's Chairman and CEO commented, "We are very excited to announce our much anticipated delivery of the prototype.We continue to believe that the Spinning Star Project will evolve into a first-rate renewable energy project that will be the model for future large SCale wind projeCTS throughout the US."

testing results from the prototype would be used in connection with the development of and further supply to the Spinning Star Project and other potential customers of A-Power in the U.S.Shenyang Lucky Wind Power Equipment Co., Ltd., a 100% wholly-owned A-Power subsidiary, is designated as the exCLusive supplier of wind turbines for the Spinning Star Project.Spinning Star Energy LLC is a joint-venture among Shenyang Power Group (SPG), a parTLy-owned Chinese subsidiary of A-Power, and U.S.-based developers.

About A-Power

A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly DG projects of 25MW to 400MW, A-Power aLSo operates one of the largest wind turbine manufacturing facilities in China.It also acquired Evatech, a designer and manufacturer of industrial equipment for amorphous-silicon (a-Si) photovoltaic (PV) panels, in 2010.

In addition to the establishment of strategic relationships with the world's leading wind energy design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies. For more information, please visit hTTp://www.apowerenergy.com .

Safe Harbor Statement

This press release may contain forward-looking statements. Any such statement is made within the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may", "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earninGS, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements. Such forward-looking statements, based upon the current beliefs and expectations of our management, are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements, including but not limited to, the risk that: inclement weather conditions could adversely affect our operating results in particular quarters and/or fiscal years; we may experience construction, manufacturing and development delays on our projects which could adversely affect our financial condition and operating results; our limited operating history and recent entrance into new lines of business and jurisdictional markets may make it difficult for you to evaluate our business and future prospects; we may not be able to successfully develop our business in new jurisdictional markets, which would have a negative impact on the results of our operations derived from such new jurisdictional markets; our customers may not be able to obtain the financing required for these projects, and thus, we may not be able to derive revenues from such agreements, as well as other relevant risks detailed in our filings with the Securities and Exchange Commission, including those set forth in our annual report filed on Form 20-F for the fiscal year ended December 31, 2009. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.

SOURCEA-Power Energy Generation Systems, Ltd.

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