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NF Energy in strategic cooperation with GE subsidiary for Chinese market

Published: 19:50 29 Jul 2009 BST

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China-focused NF Energy Saving Corp of America (OTCBB: NFES) said it has signed a strategic cooperation agreement with GE Enterprise Development (Shanghai) Co Ltd, a subsidiary of US group GE (NYSE: GE), to jointly promote sustainable market development and to cooperate in energy savings projects in China.

NF Energy chairman and CEO Li Gang said: "It is definitely a win-win cooperation. The energy-saving market perspective is very strong and is supported by favorable Chinese government policies that promote and reward these types of projects."

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