August 5, 2005—China Energy Savings Technology, Inc., a leading provider of energy management products in China, announced that its energy savings subsidiary has signed a $4.15 million contract with Fu Chun Time Mechanical Engineering Company, a leading mechanical engineering company in Hangzhou, a major city in the Zhejiang Province in China. the contract, China Energy will sell a total of 3,441 products in seven categories, ranging from light savers and sewing machine savers to mechanical energy savers. All have demonstrated the ability to reduce energy consumption from 25% to 31.7%, based upon recent test results. The installation of the equipment is expected to be completed by the end of December, 2005.
For more information, visit the China Energy Savings Web site.
