China Energy Recovery, Inc. (CGYV)

[Ecomike]

We had some excellent news recently that I think we all missed, news of 2 news customers with a net 7.5 million dollar contract added to the next 12 months of sales/work. I need to go back and see what that does to the order backlog, if we can figure that out, but this is certainly a very positive sign while we wait for old financials report to finally show up. Still looks like a solid buy here at .60 or lower still, and I am still long:



(Comment on this article at http://www.financialwire.net/2010/06/14/china-energy-wins-contracts/)

June 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- China Energy Recovery, Inc.) , a Chinese firm that designs, manufactures and installs waste heat energy recovery systems, said it has entered into two separate agreements to install large-scale waste heat recovery systems for Chinese chemical producers Jiangsu Suhua Group Co., Ltd. and Hubei Dayukou Chemical Co., Ltd.

According to the company, each is a new customer and, together, the agreements represent an approximate total of $7.5 million.

Jiangsu Suhua Group, one of China's larger chemical manufacturing enterprises, produces a range of basic chemicals, polymers, pesticides and pesticide intermediates.

Under the contract, CER will install a waste heat recovery system into the company's existing production facility. The CER system will have a design capacity of 22.2 metric tons of saturated steam per hour at 10.0 Barg. Installation is scheduled to be completed in the second quarter of 2011.

The CER system for Hubei Dayukou Chemical, one of the largest producers of agricultural chemical products in central and southern China, is for a new production plant. Design capacity is 50.9 tons of saturated steam per hour at 8.0 Barg. Construction is to be completed by July of 2011.

China-based China Energy Recovery specializes in the design, construction and installation of waste heat energy recovery systems that provide industrial facilities with greater operating energy efficiency. The company's primary focus is the Chinese market.

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