Monday, August 9, 2010

NF Energy Saving Corp. (NFEC.OB) Signs Strategic Partnership Agreement with Dazhong Valve Group

NF Energy Saving Corp. is a leading energy saving services provider in China. The company provides energy-saving equipment, technical services and energy management project operations to companies mainly in the electrical generation, water supply and heat supply industries across China.

The company today announced that it has signed a two-year strategic partnership with Dazhong Valve Group Company Limited, a specialized manufacturer and exporter of industrial valves. With over 1,200 varieties of valves, covering more than 50 product categories, Dazhong’s products are used extensively in the drainage, electric power, petrochemical and metallurgy industries.

Under the terms of the agreement, NF Energy and Dazhong have agreed to cooperate in the areas of marketing, distribution, material sourcing, product research and development, quality control and mutual intellectual property protection. After extensive due diligence and product testing, each company has agreed to issue an advanced product certification for the other company’s product line. This enables the two firms to cross-promote their product portfolios.

NF Energy’s chief executive officer, Gang Li, remarked, “The agreement will enable us to expand our product portfolio into the high-voltage valve category, further strengthening our competitive position in the petrochemical industry. Furthermore, the partnership allows Dazhong to leverage NF Energy’s expertise in intelligent flow control and energy conservation as the company seeks to grow in these areas.”

For more information on NF Energy, please visit their website at www.nfenergy.com.

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