Aug 17 2010
Wowjoint Holdings Limited ("Wowjoint," or the "Company") (Nasdaq: BWOW, BWOWU, BWOWW), a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction, today announced it has signed a $4.3 million sales contract with China Railway Group.
This contract provides for the sale of one lifting and/or carrying machine to China Railway Group for use in a high-speed railway construction project. This machine will be custom made and is expected to be delivered within the next 120-160 days.
Mr. Yabin Liu, Chief Executive Officer of Wowjoint, stated: "We are pleased to announce this sales contract with China Railway Group. Our entry into this sales contract combined with the recently announced equipment lease and service agreements with China Railway Construction Company and China Railway Group bring the value of contracts announced since July 29th to approximately $11 million."