SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 12/03/09) - Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced two new solar panel contracts for a total of 23 megawatts, valued at approximately $46 million. All of these solar contracts will be shipped in 2010.
The Company believes that the superior structural technology and cost efficiencies of its solar panels, combined with its quick turnaround and delivery ability, contributed to winning these contracts. The Company has currently filed 14 patents on its solar panel technology.
Jimmy Wang, chief executive officer of Worldwide Energy and Manufacturing, stated: "I am extremely pleased with these new contracts. We continue to prove again and again that Worldwide solar panel technology is better than its competitors and that we can continue to win new contracts. I want to note that while many solar panel manufacturers are losing money, we continue to grow our revenue and profits. Today, the president of our solar division was very confident in projecting that we will ship at least 50% more megawatts in 2010 than in 2009. I look forward to very strong growth in 2010."
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
For further information on Worldwide Energy and Manufacturing USA, Inc., please visit http://www.wwmusa.com.
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