SmartHeat Inc. (OTC Bulletin Board: SMHT), a market leader in China's 'green' technology energy savings industry, today announced that it was awarded product supply contracts totaling $5 million from Dalkia (Jiamusi) -- a subsidiary of Dalkia International ( www.dalkia.com ), a Fortune 500 company with approximately 8 billion euros in annual revenue.
Dalkia is a global industry leader that provides heating systems and energy efficient solutions worldwide. Having previously cooperated with Dalkia on several municipal projects in China, SmartHeat is a Dalkia recognized 'Triple A' supplier for excellent product quality which exempts SmartHeat products from quality inspection requirements.
James Wang, Chief Executive Officer of SmartHeat commented: 'With these significant contracts, SmartHeat further solidifies its position as a market leader in China's plate heat exchange (or PHE) market which provides energy saving solutions to the vast Chinese municipalities and industrial customers. We are pleased with our continued services to Dalkia and we expect additional supply contracts from this recognized industry leader. Energy savings and more efficient heat utilization is the solution in today's predominantly coal burning, pollution generating heating source environment in China. SmartHeat is dedicated to reducing energy waste and less pollution to the environment through effective utilization of our advanced heat energy savings technology.'
SmartHeat announces that it expects to report record 3rd quarter financial results before November 15, 2008.
$4.06 (10/29/08)
