Mar 26 2010
Wowjoint Holdings Limited ("Wowjoint") (OTC Bulletin Board: CFQCF, CFQWF, CFQUF), f/k/a China Fundamental Acquisition Corporation, today announced that its operating subsidiary Beijing Wowjoint Machinery Co., Ltd. has been awarded a contract with PCL/Archer Western, A Joint Venture ("PCL/AWJV"), to provide customized heavy duty equipment which will be utilized in construction of the Interstate-4/Lee Roy Selmon Crosstown Expressway Connector Interchange in Tampa, Florida. Wowjoint was successful in winning the contract, valued at $1 million, among a host of competitors.
Mobilifter
Wowjoint will provide PCL/AWJV with two of its customized Mobilifters, which will be produced to specifically address the needs of the I-4/Connector project, including lifting and placing various bridge segments.
The project, which commenced in March 2010, consists of 23 new bridges and the rehabilitation of existing bridges between Interstate-4 and Lee Roy Selmon Crosstown Expressway, and is expected to be completed in March 2013.
"We are extremely pleased to have won our first US-based project," stated Mr. Yabin Liu, Chief Executive Officer of Wowjoint. "Working with PCL/AWJV is a great opportunity for Wowjoint, and we believe our equipment will be a cost- effective solution for allowing them to complete this project. We are hopeful that the relationship with PCL/AWJV will lead to future opportunities that will be mutually beneficial to both parties.
"This first contract resulted from our successful marketing efforts and confirms our expansion plans for the US market," continued Mr. Liu. "We have established a presence to pursue multiple opportunities that exist in numerous cities which have plans for bridge repairs, new bridge projects, marine developments and high speed railways."
Source: http://www.wowjoint.com