MONTREAL, June 23, 2011 /CNW Telbec/ - Sofame Technologies Inc. (TSXV:
SDW), a leading manufacturer of environmentally efficient industrial
hot water systems and cost effective heat recovery equipment, is
pleased to announce that Sofame and CGN Energy Service Co., Ltd
(CGNESCO) have met to discuss future cooperation. Sofame's Chairman,
Robert Presser, led the first face to face meeting with technical and
commercial representatives of CGNESCO in Shenzhen at CGNPC headquarters
on June 18th. CGNESCO had expressed interest in utilizing Sofame's
condensing technology in the Chinese market.
CGNESCO is a subsidiary of CGNPC, China Guangdong Nuclear Power Group,
which is the largest Chinese nuclear power utility. CGNESCO serves
industrial and institutional clients by offering engineering and
consulting in industrial energy efficiency, green power and power plant
retrofits. This move is part of the Chinese government's initiative to
reduce the intensity of industrial energy use including fossil fuels,
and to improve China's environmental performance. Sofame is
undertaking the translation of its technical literature into Mandarin
to allow CGNESCO to begin the qualification process of a pilot
project. Sofame will provide consulting services and develop the plans
and specifications for the systems which would be built under license
in China. Sofame has developed over 300 industrial energy efficiency
systems in North America and France since 1984.
According to John Gocek, Sofame's President & CEO, "Providing consulting
services to a state-owned utility such as CGNESCO is anopportunity for
Sofame to leverage its main asset which is engineering know-how.
Outsourcing of equipment manufacturing in North America and even
overseas is in keeping with Sofame's new lean business model."
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SOFAME TECHNOLOGIES INC.
For further information:
Sofame Technologies Inc.
John Gocek, President
(514) 523-6545 x-200
Stone Communication Services