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08.09.2009 13:02
China Energy Recovery Wins an EPC Contract for a New Sulfuric Acid Plant with Built-in Waste Heat Recovery System



SHANGHAI, Sept. 8 /PRNewswire-Asia/ --

-- Contract value amounts to $4.47 million
-- The new plant will have a designed electricity generation capacity of
3MW
-- The built-in waste heat recovery system is expected to reduce 33,000
tons of CO2 emission annually


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has won a new EPC (Engineering, Procurement and Construction) contract to construct a sulfuric acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical ("Qinfa"), a subsidiary of Tianjin Bohai Chemical Group, a leading chemical producer and one of the 200 Largest Companies in China. The total contract value amounts to RMB 30.5 million (approximately $4.47 million).

The new plant will be designed to produce 200,000 tons of sulfuric acid annually and generate 29 tons of steam per hour from waste heat energy captured during production. Part of the steam will be used to generate electricity, with a 3MW generation capacity, and the rest will be utilized directly. The utilization of the remaining steam can be translated into roughly another 2.8MW worth of power generation capacity.

This EPC project will enable Qinfa to execute its strategy to expand its production capacity while improving energy efficiency, thus reducing energy costs, and meeting environmental requirements. It is expected to be completed around next May. With the built-in waste heat recovery system, the new plant is expected to achieve an annual saving of roughly 12,500 tons of coal (coal equivalent), which would otherwise be required to produce the same amount of power, and the reduction of roughly 33,000 tons of carbon dioxide emissions each year.

"This is a good example of the recent developments in Chinese industries as a result of China's economic stimulus package since late last year," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "We have seen that industrial companies in China are resuming their expansion plans and at the same time are paying more attention to energy efficiency and environmental issues in order to achieve sustained growth. We are also glad to see that more and more customers have recognized our strong engineering capabilities and been willing to engage us to undertake EPC projects for them. This is expected to be a growth area for the company in the years to come."

The contract value presented above includes a 17% value added tax ("VAT") and a 2% retainage for product warranty purposes. According to US GAAP, VAT and the retainage are excluded from the current period for revenue recognition purposes and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Cindy Cheng
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Cindy Cheng, [phone] x503, [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp

[devilnightgogo]

08.09.2009 13:02
China Energy Recovery Wins an EPC Contract for a New Sulfuric Acid Plant with Built-in Waste Heat Recovery System



SHANGHAI, Sept. 8 /PRNewswire-Asia/ --

-- Contract value amounts to $4.47 million
-- The new plant will have a designed electricity generation capacity of
3MW
-- The built-in waste heat recovery system is expected to reduce 33,000
tons of CO2 emission annually


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has won a new EPC (Engineering, Procurement and Construction) contract to construct a sulfuric acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical ("Qinfa"), a subsidiary of Tianjin Bohai Chemical Group, a leading chemical producer and one of the 200 Largest Companies in China. The total contract value amounts to RMB 30.5 million (approximately $4.47 million).

The new plant will be designed to produce 200,000 tons of sulfuric acid annually and generate 29 tons of steam per hour from waste heat energy captured during production. Part of the steam will be used to generate electricity, with a 3MW generation capacity, and the rest will be utilized directly. The utilization of the remaining steam can be translated into roughly another 2.8MW worth of power generation capacity.

This EPC project will enable Qinfa to execute its strategy to expand its production capacity while improving energy efficiency, thus reducing energy costs, and meeting environmental requirements. It is expected to be completed around next May. With the built-in waste heat recovery system, the new plant is expected to achieve an annual saving of roughly 12,500 tons of coal (coal equivalent), which would otherwise be required to produce the same amount of power, and the reduction of roughly 33,000 tons of carbon dioxide emissions each year.

"This is a good example of the recent developments in Chinese industries as a result of China's economic stimulus package since late last year," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "We have seen that industrial companies in China are resuming their expansion plans and at the same time are paying more attention to energy efficiency and environmental issues in order to achieve sustained growth. We are also glad to see that more and more customers have recognized our strong engineering capabilities and been willing to engage us to undertake EPC projects for them. This is expected to be a growth area for the company in the years to come."

The contract value presented above includes a 17% value added tax ("VAT") and a 2% retainage for product warranty purposes. According to US GAAP, VAT and the retainage are excluded from the current period for revenue recognition purposes and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Cindy Cheng
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Cindy Cheng, [phone] x503, [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp

[devilnightgogo]

06.10.2009 13:02
China Energy Recovery Appoints New Independent Director


SHANGHAI, Oct. 6 /PRNewswire-Asia-FirstCall/ - China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced the appointment of Ms. Estelle Lau to its Board of Directors as an independent director effective October 1, 2009. The Company's Board is currently composed of four independent directors out of a total of seven directors.

"We are very pleased to have Ms. Lau join our Board as an independent director," Mr. Qinghuan Wu, Chairman, CEO and founder of China Energy Recovery, said. "Ms. Lau has abundant experience in cross-border investments and public company operations along with an impressive legal background in the United States. We believe she will bring great insight and value to the development of our Company."

Biography

Ms. Lau has been a consultant for the past 10 years in the venture capital community focusing on cross-border investments in Asia, mainly in Chinese-speaking countries. She has served as General Counsel to pan-Asian venture funds, including CVM Capital and Crimson Capital. She held the position of Vice President at 51Job, Inc., the leading provider of HR services in China and listed on Nasdaq, where she served as internal counsel and managed investor relations in the U.S. Ms. Lau also worked as an independent consultant at Kmart Corporation in the position of Acting VP of Global Sourcing and Compliance. Most recently, she served as General Counsel and managed investor relations for Shine Media Acquisition Corporation. Ms. Lau has held the position of Associate Professor of Law at SUNY Buffalo School of Law. She has a B.A. in Sociology and Philosophy from Wellesley College, an M.A. and Ph.D. in Sociology from the University of Chicago and a J.D. from Harvard Law School.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if the energy currently wasted by all the U.S. industrial facilities were recovered, it would produce power equivalent to 20% of U.S. electricity generation capacity without the combustion of additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems, which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint and generate sellable emissions credits. CER has deployed its systems throughout China and internationally with systems in Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing and refining (including methanol refining). CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

Contact:
Cindy Cheng
[phone] ext. 503
[e-mail]


China Energy Recovery, Inc.

CONTACT: Cindy Cheng, [phone] ext. 503, [e-mail], for China
Energy Recovery, Inc.

Web Site: http://www.chinaenergyrecovery.com/s/Home.asp



© 2010 PR Newswire

[devilnightgogo]

13.10.2009 13:02
China Energy Recovery Completes US$1.42 Million Contract for Hubei Yangfeng Group



SHANGHAI, Oct. 13 /PRNewswire-Asia/ --

-- CER recovery systems provide nearly 24MW clean thermo energy capacity
annually with savings of 57,100 tons of coal and 151,700 tons of CO2


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector, today announced the completion of two waste heat recovery systems for Hubei Yangfeng Group ("Yangfeng"), a leading phosphate fertilizer producer in China. Total contract value for the CER systems is RMB9.73 million (approximately US$1.42 million) about RMB8.3 million (approximately US$1.22 million) of which will be recognized by CER in Q3 2009, according to US GAAP (see below for revenue recognition details).

The completed systems are designed to generate 120 tons of steam per hour, which translates into nearly 24MW of thermo power generation capacity. These systems will help Yangfeng achieve an estimated annual saving of up to 57,100 tons of coal (coal equivalent) and reduce carbon dioxide emissions by up to 151,700 tons.

Yangfeng is one of China's largest producers of phosphate fertilizer, which is used widely in agriculture. Globally, China is the largest producer of phosphate fertilizers and is also the largest market for these basic goods.

"We are very pleased to have completed these waste heat recovery systems for Yangfeng, which is an important repeat customer of CER," said Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

"China remains a big agricultural country, and the demand for fertilizer is substantial," Mr. Wu said. "With Chinese government's regulations mandating greater environmental protection and energy savings, it is becoming crucial for fertilizer producers to include waste heat recovery systems in their facilities. This is a market segment we have been focusing on and expect to have continued growth."

The contract value presented above includes a 17% value added tax ("VAT") and a 5% retainage for product warranty purpose. According to US GAAP, VAT and the retainage are excluded for revenue recognition purpose for the current period and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam Friedman
Adam Friedman Associate
Tel: [phone] ¡Á18
Email: [e-mail]

Cindy Cheng
China Energy Recovery, Inc.
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Adam Friedman of Adam Friedman Associate, [phone] ¡Á18,
or [e-mail]; Cindy Cheng of China Energy Recovery, Inc., +86-21-
5556-0020 x503, or [e-mail]

Web Site: http://www.chinaenergyrecovery.com/s/Home.asp

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China Energy Recovery, Inc. Announces Third Quarter 2009 Financial Results



SHANGHAI, Nov. 27 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) ("CER"), an international leader in the design, fabrication, implementation and service of waste heat recovery systems, today announced its financial results for the three- and nine-months ended Sept. 30, 2009. All currency amounts are in U.S. dollars.

Net loss for the three months ended Sept. 30 was $117,006, or $0.00 per share, on revenues of $6,064,800, compared to a net income of $244,856, or $0.01 per share, on revenues of $6,123,704 in the same period a year ago. The net loss is due mainly as a result of increases in operating expenses and lower gross profit.

An increase in operating expenses from $1.2 million in the three months ended Sept. 30, 2008 to $2.3 million in the most recent three-month period is due mainly to costs associated with becoming a public company and an increase in the allowance for doubtful accounts.

Net loss for the nine months ended Sept. 30 was $746,108, or $0.02 per share, on revenues of $14,942,533, compared to a net income $809,088, or $0.03 per share, on revenues of $15,980,191 in the same period last year.

The company drew down all of a $5 million facility, which will partially fund the construction of a world-class, state-of-the-art production and manufacturing facility in Yangzhou. The new facility is part of the Company's business plan to expand its production capacity, lower its production costs and develop additional demand for its products within China and overseas. The company secured the land for the facility in August and completed some initial steps for its acquisition and development. Construction is expected to be completed in late 2010.

"Revenues decreased slightly this quarter but, with the recovery of the Chinese economy and the government's emphasis on energy efficiency and pollution reduction, we see the rate of new orders returning to normal and we anticipate growth in new orders going forward," said Mr. Qinqhuan Wu, China Energy Recovery's Chief Executive Officer."

"CER is among very few companies in China with the design and engineering capability to meet fast-growing demand for energy recovery systems, especially demand for larger systems," Mr. Wu said. We are increasing our facilities, expanding our internal research capabilities, developing engineering relationships and broadening our market approach in an effort to capture a greater share of this growing market inside China and overseas. Through these efforts, CER will be in a position to market its waste heat recovery technology and engineering expertise worldwide.

"A grant from the Chinese government in connection with the planned new production facility acknowledges the important role waste heat recovery systems play in improving energy efficiency and reducing pollution in China," Mr. Wu said. "It also represents an important vote of confidence in CER as a leader in the design and engineering of waste heat recovery systems and in its opportunity to build business worldwide."

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering wasted energy and converting it into usable heat energy, including electricity. Energy recovery systems also are capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. CER's technology captures industrial waste energy to produce low-cost electrical power enabling industrial manufacturers to reduce their energy costs, to shrink their emissions footprint, and to generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing and refining (including methanol refining). CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp .

Safe Harbor - This Quarterly Report on Form 10-Q contains disclosures which are forward-looking statements. Forward-looking statements include all statements that do not relate solely to historical or current facts, such as, but not limited to, the discussion of economic conditions in market areas and their effect on revenue growth, the discussion of our growth strategy, the potential for and effect of future governmental regulation, fluctuation in global energy costs, the effectiveness of our management information systems, and the availability of financing and working capital to meet funding requirements, and can generally be identified by the use of words such as "may," "believe," "will," "expect," "project," "estimate," "anticipate," "plan" or "continue." These forward-looking statements are based on the current plans and expectations of our management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to: the general economic conditions that may affect our customers desire or ability to invest in energy recovery systems; the cost of raw materials; the availability of environmental credits; the positive and adverse effect of governmental regulation affecting energy recovery systems; our reliance on customers in heavy industry, such as chemicals, paper, refining and steel production, and state owned or controlled enterprises; competition in the industry of heat and energy recovery systems; the availability of and costs associated with potential sources of financing; difficulties associated with managing future growth; our ability to increase manufacturing capacity to meet demand; fluctuations in currency exchange rates; restrictions on foreign investments in China; uncertainties associated with the Chinese legal system; the loss of key personnel; and our ability to attract and retain new qualified personnel. These forward-looking statements speak only as of the date of this Quarterly Report on Form 10-Q. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CHINA ENERGY RECOVERY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2009 AND DECEMBER 31, 2008

ASSETS
September 30, December 31,
2009 2008
(Unaudited)
CURRENT ASSETS:
Cash $1,203,041 $6,136,403
Restricted cash 5,491,663 597,949
Notes receivable 541,509 120,749
Accounts receivable, net of allowance
for doubtful accounts of $646,233 and
$151,094 as of September 30, 2009 and
December 31, 2008, respectively 4,209,612 5,941,202
Other receivables 507,714 98,271
Deferred expense 221,061 --
Inventories 5,729,334 7,774,775
Advances on inventory purchases 4,058,264 1,044,807
Deferred tax asset 221,757 --
Total current assets 22,183,955 21,714,156

EQUIPMENT, NET 871,787 850,888

OTHER ASSETS:
Inventories-non current 1,770,754 --
Long term accounts receivable, net of
allowance for doubtful accounts of
$231,808 and $0 as of September 30,
2009 and December 31, 2008,
respectively 1,571,238 377,368
Cost and estimated earnings in excess
of billings 3,588,446 --
Deferred finance costs 1,727,257 --
Total other assets 8,657,695 377,368

Total assets $31,713,437 $22,942,412

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable and accrued liabilities $4,878,802 $3,352,521
Other payables 888,972 531,470
Customer deposits 7,784,224 7,044,234
Short term loans payable 880,200 381,420
Deferred revenue 2,181,974 1,726,701
Taxes payable 2,125,366 2,282,621
Total current liabilities 18,739,538 15,318,967

NON-CURRENT LIABILITIES:
Notes payable 5,000,000 --
Warrant liabilities 2,941,248 --
Total non-current liabilities 7,941,248 --

Total Liabilities 26,680,786 15,318,967

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY:
Series A preferred stock, $0.001 par
value, 50,000,000 shares authorized,
662,963 and 714,963 issued and
outstanding as of September 30, 2009
and December 31, 2008, respectively 663 715
Series B preferred stock , $0.001 par
value, 100 shares authorized, Nil
issued and outstanding as of September
30, 2009 and December 31, 2008,
respectively -- --
Common stock, $0.001 par value,
100,000,000 shares authorized,
29,938,818 and 29,912,573 issued and
outstanding as of September 30, 2009
and December 31, 2008, respectively 29,939 29,913
Paid-in-capital 5,113,296 7,645,404
Accumulated deficit (459,644) (363,147)
Statutory reserves 408,403 408,403
Accumulated comprehensive loss (60,006) (97,843)
Total shareholders' equity 5,032,651 7,623,445

Total liabilities and
shareholders' equity $31,713,437 $ 22,942,412



CHINA ENERGY RECOVERY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2009 AND 2008
(UNAUDITED)

Three months ended Nine months ended
September 30, September 30,
2009 2008 2009 2008

REVENUE $6,064,800 $6,123,704 $14,942,533 $15,980,191

COST OF REVENUE 4,691,381 4,513,038 11,936,853 12,467,448

GROSS PROFIT 1,373,419 1,610,666 3,005,680 3,512,743

OPERATING EXPENSE
Selling expense 135,075 145,344 515,179 488,030
General and
administrative
expense 2,157,226 1,039,500 5,133,643 1,785,075
Total operating
expense 2,292,301 1,184,844 5,648,822 2,273,105

INCOME (LOSS) FROM
OPERATIONS (918,882) 425,822 (2,643,142) 1,239,638

OTHER INCOME (EXPENSE):
Gain on change in fair
value of warrants 941,277 -- 2,108,556 --
Finance expense (210,182) -- (326,409) --
Interest income
(expense), net (6,081) 14,823 (3,175) (49,954)
Other non-operating
(expense) income, net 33,144 8,645 (1,148) 31,043
Total other income
(expense), net 758,158 23,468 1,777,824 (18,911)

INCOME (LOSS) FROM
OPERATIONS BEFORE
PROVISION FOR
INCOME TAXES (160,724) 449,290 (865,318) 1,220,727

PROVISION (BENEFIT)
FOR INCOME TAXES
Current 24,933 204,434 102,377 411,639
Deferred (68,651) -- (221,587) --
Total provision
(benefit) for
income taxes (43,718) 204,434 (119,210) 411,639

NET INCOME (LOSS) (117,006) 244,856 (746,108) 809,088

OTHER COMPREHENSIVE
(LOSS) INCOME
Foreign currency
Translation
adjustment 8,784 469 37,837 (44,436)

COMPREHENSIVE INCOME
(LOSS) $(108,222) $245,325 $(708,271) $764,652

EARNINGS (LOSS) PER
COMMON SHARE:
Basic $(0.00) $0.01 $(0.02) $0.03
Diluted $(0.00) $0.01 $(0.02) $0.03

WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING:
Basic 29,938,818 27,460,695 29,931,806 24,415,471
Diluted 29,938,818 30,171,968 29,931,806 26,044,405

China Energy Recovery Inc.

CONTACT: Adam Friedman of Adam Friedman Associates, [phone] x18,
[e-mail]; Cindy Cheng of China Energy Recovery, [phone]
x503, [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp



© 2010 PR Newswire

[devilnightgogo]

02.2010 14:30
China Energy Recovery Secures $5 Million in New Loans / Funds to be Used for CER's New Production Facility



SHANGHAI, Feb. 4 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) ("CER"), an international leader in the design, fabrication, installation and servicing of waste heat recovery systems, announced today that it entered into a series of agreements to secure $5 million (U.S.) in new debt financing, which will be applied to the continued development and construction of its new production facility in Shanghai.

Two investors provided an aggregate of $4 million under separate loans of $2 million, each of which matures in January 2013 and bears interest at an annual rate of 15.1%.

An additional $1 million was provided through Haide Engineering (Hong Kong) Ltd., a company that CER's Chairman and CEO, Qinghuan Wu controls. This is an unsecured, interest-only loan bearing an annual interest rate of 9.5% and matures in January 2012.

With this transaction, CER has raised approximately $10 million in loans during the last six months toward the design and construction of its new production facility, which is scheduled to be completed this year. This facility will provide CER with more efficient production, increase its overall production capacity and position the company to continue to extend its operations in building and installing cost efficient, high-performance waste heat recovery systems in China and other markets.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering as much as two-thirds of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies, CER's financial condition and its ability to service its debt, CER's ability to finance and complete its new production facility, and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam Friedman
Adam Friedman Associates
Tel: [phone] x18
Email: [e-mail]

Cindy Cheng
China Energy Recovery
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Adam Friedman, Adam Friedman Associates, [phone] x18,
or [e-mail]; Cindy Cheng, China Energy Recovery,
[phone] x503, or [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp



© 2010 PR Newswire

[devilnightgogo]

22.02.2010 14:54
China Energy Recovery Acquires Patent Covering New Cement Plant Waste Heat Boiler Technology



SHANGHAI, Feb. 22 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) ("CER"), a leader in the waste heat energy recovery sector, was granted a 10-year patent covering its cement kiln forced-circulated waste heat recovery boiler technology.

The patent was authorized by the State Intellectual Property Office of People's Republic of China and granted to CER Energy Recovery on Jan. 20 of this year.

Cement plant waste heat boilers are a new technology developed by Vice General Manager and senior engineer at CER Shanghai, Wang Weiqing. CER is the only company currently using this technology and it expects, after further R&D, to develop new energy recovery technology solutions for energy intensive industrial processes.

"CER is committed to investing the resources necessary to develop leading-edge technologies that reduce harmful emissions and enable its customers to realize increased margins and a reduced energy footprint," said Qinghuan Wu, CER's Chief Executive Officer. "The patent for the cement plant waste heat boilers is CER's first step toward a new waste energy recovery technology that can deliver significant reductions in energy demand."

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam Friedman
Adam Friedman Associates
Tel: [phone] x18
Email: [e-mail]

Cindy Cheng
China Energy Recovery
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Adam Friedman of Adam Friedman Associates, [phone] x18,
[e-mail]; or Cindy Cheng of China Energy Recovery,
[phone] x503, [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp



© 2010 PR Newswire

[devilnightgogo]

24.02.2010 15:01
China Energy Recovery CEO Special Expert at China State Standard Energy Consumption Conference



SHANGHAI, Feb. 24 /PRNewswire-Asia/ -- China Energy Recovery Inc. (BULLETIN BOARD: CGYV) ("CER"), an international leader in the design, fabrication, installation and servicing of waste heat recovery systems, announced today that its Chief Executive Officer, Mr. Qinghuan Wu, participated as a special expert in achieving energy efficiencies before a Chinese State Standard Energy Consumption Conference held recently in Beijing.

The conference examined sulfuric acid's energy consumption per unit product and established an energy consumption norm as part of the State Standard of the People's Republic of China.

Mr. Wu, a special expert of the Chinese Phosphate Fertilizer Industrial Association and the Chinese Sulfuric Acid Industrial Association, stated the standard will "help the Chinese government manage and supervise energy savings, carbon dioxide reduction and environmental protection in the phosphate fertilizer and sulfuric acid industry. With the government paying attention to these energy concerns, I think CER's energy recovery technology will be respected even more."

China's new energy saving standard demands an increase and implementation of energy recovery technology, Mr. Wu said, adding that the phosphate fertilizer and sulfuric acid industry can expect a reduction in energy consumption and pollution once these new waste energy recovery systems are in place.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam Friedman Associates
Adam Friedman
Tel: [phone] x18
Email: [e-mail]

China Energy Recovery
Cindy Cheng
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Adam Friedman of Adam Friedman Associates, [phone] x18,
[e-mail]; or Cindy Cheng of China Energy Recovery,
[phone] x503, [e-mail]

Web site: http://www.chinaenergyrecovery.com/s/Home.asp

[devilnightgogo]

China Energy Recovery Buys 10-yr Patent Covering New Cement Plant Waste Heat Boiler Technology - Quick Facts


(RTTNews) - China Energy Recovery Inc. (CGYV.OB) said it was granted a 10-year patent covering its cement kiln forced-circulated waste heat recovery boiler technology. The company said that the patent was authorized by the State Intellectual Property Office of People's Republic of China and granted to CER Energy Recovery on January 20 of this year.

"CER is committed to investing the resources necessary to develop leading-edge technologies that reduce harmful emissions and enable its customers to realize increased margins and a reduced energy footprint," commented Qinghuan Wu, CER's chief executive.

For comments and feedback: contact [e-mail]

[devilnightgogo]

China Energy Recovery CEO Special Expert at China State Standard Energy Consumption Conference


SHANGHAI, Feb. 24 /PRNewswire-Asia/ -- China Energy Recovery Inc. (OTC Bulletin Board: CGYV) ("CER"), an international leader in the design, fabrication, installation and servicing of waste heat recovery systems, announced today that its Chief Executive Officer, Mr. Qinghuan Wu, participated as a special expert in achieving energy efficiencies before a Chinese State Standard Energy Consumption Conference held recently in Beijing.

The conference examined sulfuric acid's energy consumption per unit product and established an energy consumption norm as part of the State Standard of the People's Republic of China.

Mr. Wu, a special expert of the Chinese Phosphate Fertilizer Industrial Association and the Chinese Sulfuric Acid Industrial Association, stated the standard will "help the Chinese government manage and supervise energy savings, carbon dioxide reduction and environmental protection in the phosphate fertilizer and sulfuric acid industry. With the government paying attention to these energy concerns, I think CER's energy recovery technology will be respected even more."

China's new energy saving standard demands an increase and implementation of energy recovery technology, Mr. Wu said, adding that the phosphate fertilizer and sulfuric acid industry can expect a reduction in energy consumption and pollution once these new waste energy recovery systems are in place.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam Friedman Associates
Adam Friedman
Tel: [phone] x18
Email: [e-mail] Energy RecoveryCindy Cheng
Tel: [phone] x503
Email: [e-mail]
SOURCE China Energy Recovery, Inc.

[devilnightgogo]

CER Presents in March at CleanEquity 2010 in Monaco, Rodman & Renshaw in Beijing and Jefferies in New York


SHANGHAI, Feb. 25 /PRNewswire-Asia/ -- China Energy Recovery Inc. (OTC Bulletin Board: CGYV) ("CER"), an international leader in the design, fabrication, implementation and servicing of waste heat recovery systems used by heavy industry to improve energy efficiency and reduce pollution, announced today that its representatives will present at the following conferences in March:

-- March 4-5, CleanEquity Conference; Sporting d'Hiver, Monacohttp://www.cleanequitymonaco.com/

-- March 8, Rodman & Renshaw Annual China Investment Conference, Beijinghttp://www.rodmanandrenshaw.com/conferences?id=49

-- March 16-17, Jefferies & Co.Global Clean Technology Conference, New
York Cityhttp://tinyurl.com/CleanTechnology
What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Adam FriedmanAdam Friedman Associates
Tel: [phone] x18
Email: [e-mail] ChengChina Energy Recovery
Tel: [phone] x503
Email: [e-mail]
SOURCE China Energy Recovery, Inc.

[devilnightgogo]

Also gut ich hoffe mal das sich der ein oder andere mal mit dieser Firma auseinandersetzt und mit diskutieren will.

Sollten diese Meldungen alle so stimmen dann müßte doch der Kurs demnächst mal explodieren.

Nur meine Meinung


Gruß

[devilnightgogo]

Jetzt folgen noch einige ältere News

Wenn dann muss schon alles da sein um sich ein Bild zu machen

Gruß Ric

[devilnightgogo]

26.08.2009 03:30
China Energy Recovery Wins Strong Support from Local Government for its New Manufacturing Plant



SHANGHAI, Aug. 25 /PRNewswire-Asia/ --

-- Plant site selected to be within an industrial park in Jiangsu Province
-- Strong government support, including preferential land selection with
its own railroad extension and $2.23 million government R&D grant
-- New plant will be a world-class one to differentiate CER from its
competition and provide for sustained growth


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced the completion of its first steps in its strategic initiative to expand production capacity for its sustained growth. After months of site searching, CER has reached the major terms for the building site of its new manufacturing plant, which is located in an industrial park in Yangzhou City, Jiangsu Province that is along the Yangtze River and close to Shanghai.

The new plant will be a world-class, state-of-the-art facility and will be dedicated to developing and manufacturing large-sized and sophisticated waste heat recovery systems and other related energy efficiency equipment to meet the increasing demands from both China and overseas. The new plant will have its own railroad access connected to the main railway system of China directly extended into its workshop. The rail spur will offer CER an advantage over most of its competitors. Along with strong design and engineering capabilities, some of CER's core competences, the rail link is expected to significantly improve transport and delivery convenience, both of which are crucial in customers' decisions for large-to-mega sized systems. All these attributes of the facility are expected to significantly enhance CER's competitiveness in today's markets, where the trend is towards larger-sized systems. The anticipated completion of the initial phase of the plant is in late 2010.

Because CER's business activities fall within the Chinese government's industry guidelines, the local government will provide strong support to the company with various preferential policies that include a government R&D grant. The grant is estimated at RMB15.2 million (approximately $2.23 million), which will be available to CER over time, and is to support CER's development of world-class waste heat recovery and other energy efficiency technologies. With an aim to facilitate CER's future expansion, primarily for export sales, the local government will also give CER an option on another tract of land that is on the banks of the Yangtze River at a currently determined price. Land with direct access to the Yangtze River is a singularly unique resource in China, even scarcer than railroad access. Such navigable waterway access is expected to make transportation for export orders much easier, thus significantly facilitating export sales and further making CER an efficient global provider of energy recovery systems. The terms of the purchase option are expected to offer CER flexibility in the management of its growth in phases.

At completion, the proposed new facility could provide the company with production capacity equivalent to about $100 million in sales for future growth, based on the company's current historical contract values and sales.

"We are excited about the strong support for our business and expansion plans from the local government. It is a clear reflection of the Chinese government's determination to promote and support the projects and businesses that facilitate energy efficiency and emission reduction with concrete measures based on the nation's long-term guidelines," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "With the increasing market demands and the government's driving force, the new plant, once completed, will lay a solid foundation for our future continued, accelerated growth and for our goal of becoming a world leader in the energy recovery field."

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of lowering heat pollution and capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

[devilnightgogo]

China Energy Recovery Files a New Patent of Waste Heat Recovery Technology



SHANGHAI, China, Aug. 18 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has filed a new patent application with the Intellectual Property Office of China for its waste heat recovery technology. It is the second new patent application in 2009 and the company expects to file more new patents to strengthen the protection of its intellectual properties.

This technology provides a new method to enhance the sensitivity and range of temperature adjustment within the waste heat recovery boiler. It helps improve reliability, durability and recovery efficiency of the waste heat recovery system while reducing equipment size to save costs. This is very useful as it has been the market trend that the sizes of main manufacturing facilities to which the energy recovery system is integrated are continuously increasing.

"With our continuous focus on energy recovery since the start of the company, we have accumulated abundant technical know-how for energy recovery which largely strengthens our abilities to capture the evolving market demands," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "The sizes of industrial facilities are getting larger and larger. This technology will further enhance our leadership in supplying waste heat recovery systems for large sized manufacturing facilities both inside China and abroad."

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

[devilnightgogo]

13.08.2009 13:02
China Energy Recovery Reports Higher Second Quarter Fiscal 2009 Financial Results



SHANGHAI, Aug. 13 /PRNewswire-Asia/ --

-- Revenues increased to $7.6 million by 34% from $5.7 million in Q2 2008
-- Gross profit rose to $1.6 million by 84% compared to Q2 2008 and gross
margin increased to 20.6% from 15%


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced financial results for the second fiscal quarter and the six months ended June 30, 2009.

Revenues for the second quarter ended June 30, 2009 increased to $7.6 million, up by 34% from $5.7 million for the second quarter of 2008. The increase in revenues is due to higher sales price per contract as we completed larger sized energy recovery systems as a result of evolving market demands for systems of larger sizes. Compared to revenues of $1.3 million for the first quarter ended March 31, 2009, revenues for the second quarter of 2009 rose by 503%.

Gross profit increased by 84% to $1.6 million, representing a 20.6% gross margin, for the three months ended June 30, 2009, compared with gross profit of $0.9 million, or a 15% gross margin, for the same period in 2008. The increase in gross profit is mainly attributable to the better margins of some orders including the EPC contract to retrofit a heat recovery system for a repeat customer in the period.

Operating expenses were $1.8 million for the second quarter ended June 30, 2009, or 23.8% of revenues, as compared to $0.9 million, or 15.7% of revenues, for the same period in 2008. The increase is mainly due to the increases of the professional expenses related to public company operations and the allowance for doubtful accounts per the company's normal provision policies. There were also $0.4 million of non-cash expenses related to issuance of shares and stock options for services.

Operating loss was $0.25 million for the second quarter ended June 30, 2009 as compared to a loss of $0.04 million for the same period in 2008. The increase is mainly attributable to the increase in operating expenses.

Net income increased to $0.8 million for the second quarter ended June 30, 2009 as compared to a net loss of approximately $0.2 million for the same period in 2008. The increase in net income is mainly attributable to increased revenues, improved gross margin and the gain due to the change in the fair value of the outstanding warrants.

"After the temporary slowdown in the first quarter, the second quarter topline results have put us back on the track we are used to being on and we expect to continue to improve our bottomline results to our regular levels by controlling our operating expenses while continuing to achieve expansion of our revenues," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "Though we experienced a temporary impact from the recent economic downturn in the first quarter, we have seen that many Chinese industrial customers have resumed their facility expansion or retrofit plans as a result of the recent China's economic stimulus package. With our strong design and engineering capabilities, we are well equipped to capture the trend of the growing market demand for larger sized, more sophisticated energy recovery systems which we believe will ensure us a sustained growth in the years to come. With our current growing order backlog, we also expect to see an improved annual performance in 2009 compared to that in 2008."

Financial Results for the Six Months Ended June 30, 2009

Comparing the six months ended June 30, 2009 to the same period of 2008: Revenues for the period were $8.9 million as compared to $9.8 million for the same period in 2008, mainly due to the low revenues recognized in the first quarter of 2009.

Gross profit for the period was $1.6 million as compared to $1.9 million for the same period in 2008. The respective gross margins were 18.4% and 19.3%. The slight decrease in gross margin is mainly due to the lower margin in the first quarter of 2009 as a result of the temporary impact of the recent economic downturn.

Operating expenses for the period amounted to $3.4 million, including $0.8 million of non-cash expenses related to issuance of shares and stock options for services, as compared to $1.1 million for the same period in 2008, an increase of 208%. The increase is mainly due to the increases of the professional expenses related to public company operations, the allowance for doubtful accounts per the company's normal provision policies, salary expenses due to company-wide salary raises and addition of staff, as well as rentals of office space for expansion.

Operating loss for the period was $1.7 million as compared to an operating income of $0.8 million for the same period in 2008. The decrease is mainly a result of the increase in operating expenses.

Net loss for the period was $0.6 million as compared to a net income of $0.6 million for the same period in 2008. The decrease in net income is mainly attributable to the increase in operating expenses.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The Company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Cindy Cheng
Tel: [phone] x503
Email: [e-mail]


China Energy Recovery, Inc.

CONTACT: Cindy Cheng, [phone] x503, [e-mail]

[devilnightgogo]

14.07.2009 13:05
China Energy Recovery Wins a Waste Heat Recovery System Contract from Fortune Global 500 Marubeni's Joint Venture in Jiangsu Province



SHANGHAI, July 14 /PRNewswire-Asia/ --

-- Wuxi Zhenyu Chemical, the joint venture, is a 4-time repeat customer,
representing high customer satisfaction and recognition

-- Contract value amounts to US$0.73 million and the system will help
produce approximately 24 million kwh of electricity annually


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has won a contract to design and manufacture a waste heat recovery system for the new 300,000 ton annual capacity sulfuric acid plant of Wuxi Zhenyu Chemical, a joint venture between Marubeni, a Japanese Fortune Global 500 company, and Wuxi Sulfuric Acid, a leading sulfuric acid producer in Jiangsu Province. The contract value amounts to RMB4.98 million (approximately US$0.73 million).

"We are very pleased that as a long-term, valued customer, Wuxi Zhenyu Chemical, engaged us to supply the waste heat recovery system for them for the fourth time," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "We congratulate them on their continued and fast growth. This is a representation of customer satisfaction and recognition of our product quality and leadership in the waste heat recovery field. We shall continue to further develop our waste heat recovery technologies and enhance both our engineering and production capacities to meet the increasing market needs for our systems."

The waste heat recovery system for Wuxi Zhenyu Chemical is designed to generate 45 tons of high-quality steam per hour. Once connected to the turbines, the system will help produce approximately 24 million kwh electricity annually and much of the electricity generated will be sold to the grid, thus enabling the client to significantly reduce its energy costs. This project is estimated to achieve an annual saving of roughly 21,600 tons of coal (coal equivalent) and consequently the reduction of roughly 57,500 tons of carbon dioxide emission from the burning of that coal each year.

The contract value presented above includes a 17% value added tax ("VAT") and a 10% retainage for product warranty purpose. According to US GAAP, VAT and the retainage are excluded from the current period for revenue recognition purpose and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering total energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

[devilnightgogo]

07.07.2009 13:02
China Energy Recovery Completes a $1.4 Million Export Order of a 3MW Biomass Boiler System for a Paper Mill in Malaysia



SHANGHAI, July 7 /PRNewswire-Asia/ --

-- Total contract value amounts to US$1.43 million

-- System turns palm shell waste into economically sound bio-fuel


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has completed a biomass boiler system for EKO-PP Paper Mill, the first paper mill to utilize palm shell to produce pulp and paper in Malaysia. The total contract value of the system amounts to RMB 9.8 million (approximately US$1.43 million) and the revenue to be recognized in Q2 2009 according to US GAAP would amount to roughly RMB7.67 million (approximately US$1.12 million).

The system will utilize the massive palm shell waste out of the pulp-making process as fuel for combustion to generate steam to further power the turbines for electricity generation. The designed power generation capacity is 3MW. This not only helps address the need to treat palm shell waste and solve the associated environmental issues, but also turns it into a type of economically sound bio-fuel.

"This is our first biomass boiler system to export out of China," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "Though we are continuing to concentrate on waste heat energy recovery, our strong technological and engineering capabilities have enabled us to expand into other relevant alternative energy and energy efficiency market segments both inside China and overseas. Biomass fuel is one of such market segments. It has great opportunities in developing countries such as those in southeastern Asia. The completion of this order has demonstrated our capabilities to serve the special regional needs and is expected to aid our further expansion in such fast growing overseas markets."

The contract value presented above includes a 17% value added tax ("VAT") and an 8% retainage for product warranty purpose. According to US GAAP, VAT and the retainage are excluded from the current period for revenue recognition purpose and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering total energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

[devilnightgogo]

China Energy Recovery Announces the Addition of a Fourth Independent Director



SHANGHAI, June 30 /PRNewswire-Asia/ --

-- Majority of the Board Consists of Independent Directors to Further
Strengthen Corporate Governance
-- Prepares the Company for a National Exchange Listing


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the Company has appointed Mr. Ye Tian to the Board as the fourth independent director. The Company has thus formed a Board with the majority members being independent directors.

"We are very pleased to announce that another distinguished intellectual and experienced business professional has joined our Board of Directors," commented Mr. Qinghuan Wu, Chairman of the Board, CEO and founder of China Energy Recovery. "With his extensive experiences in high growth businesses and investment management in both US and China, Mr. Tian will undoubtedly provide valuable advice and help in guiding China Energy Recovery to further success. Mr. Tian's joining our Board is part of a higher level initiative to further strengthen our corporate governance and prepares us for the possible listing on a national exchange such as NYSE Alternext or Nasdaq."

Mr. Tian will serve as the Chairman of the Company's Governance and Nominating Committee, as well as a member of the Audit Committee and the Compensation Committee.

Biography

Ye Tian - Director and Chairman of the Governance and Nominating Committee Mr. Tian is currently the CEO of Back In Time Ltd. and its wholly-owned subsidiary JOVI, a retail chain and lifestyle brand in China, the non-executive Chairman of Ying Dong Media, a movie/TV production and distribution company in China, and a General Partner of Media Plus, an investment company located in Beijing and focusing on Asia. Prior to his current work, from 2006 to 2007, Mr. Tian was a Director at Loeb Enterprises, an incubation company in New York, and from 2003 to 2005, he was an Analyst at Appian Corporation, a software company in Virginia. Mr. Tian holds a Bachelor of Arts degree in Applied Mathematics from Harvard University.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering total energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

[devilnightgogo]

23.06.2009 13:02
China Energy Recovery Completes Detailed Engineering Design for Fortune Global 500 Sinochem's Fertilizer Subsidiary in Chongqing City



SHANGHAI, June 23 /PRNewswire-Asia/ --

-- Design completion continues CER's expansion of high margin design
services
-- Total power generation capacity of the retrofitted heat recovery
systems amounts to 30MW


China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced the company has completed the detailed engineering design service for a 30 MW Heat Recovery Power Generation System for Sinochem Fuling Chongqing Chemical Industry Co., Ltd. ("Sinochem Fuling"), located in Chongqing city in southwestern China. Sinochem Fuling is a key fertilizer production subsidiary of Sinochem Corporation, a Fortune Global 500 company in China.

The detailed engineering design service is for a heat recovery retrofit project for 4 sulfuric acid facilities of Sinochem Fuling, with a total 1.2 million metric ton annual production capacity, one of the largest of its type in China. The retrofit project is designed to install two sets of low temperature heat recovery systems (HRS) provided by Chesterfield, MO based MECS, Inc. and related turbines to achieve a total 30MW power generation capacity. CER works together with MECS to deploy low temperature heat recovery systems specifically designed for sulfuric acid plants in China.

Sinochem Fuling will use part of the recovered heat energy to generate electricity to sell to the power grid and utilize the remaining in the form of steam directly in its production process.

This design service contract was entered into in September 2008 which was announced then too.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering total energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Media
Sean Mahoney
Tel: [phone]

Investor Relations
Jim Blackman
Tel: [phone]

China Energy Recovery, Inc.

CONTACT: Media: Sean Mahoney at [phone]; Investor Relations: Jim
Blackman at [phone]

[devilnightgogo]

09.06.2009 13:04
China Energy Recovery Completes a Waste Heat Recovery System for a Chemical Fiber Producer in Zhejiang Province / - Total contract value amounts to US$0.48 million & US GAAP revenue to be recognized in Q2 2009 would be US$0.39 million



SHANGHAI, June 9 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has completed a waste heat recovery system for Mingye Chemical Fiber in Shaoxing City, Zhejiang Province. The total contract value for the new system is RMB3.28 million (approximately US$0.48 million) and the corresponding revenue to be recognized in Q2 2009 according to US GAAP (see below for revenue recognition details) would amount to roughly RMB2.66 million (approximately US$0.39 million).

"We are very pleased to announce the completion of this waste heat recovery system for Mingye Chemical Fiber, which is a typical fast growing privately held company in Zhejiang Province," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "This is a region where entrepreneurial businesses are very active and comprise enormous supports to the vibrant local economy. Though our client base is increasingly becoming large sized state-owned enterprises, public companies, foreign invested enterprises and overseas corporations, we are also seeing more and more privately held entrepreneurial clients in China starting to recognize the energy saving benefits from waste heat recovery and proactively assuming environmental responsibilities along with their fast growth. We expect this trend to continue and anticipate Q2 will significantly surpass Q1 and exceed the same quarter of 2008 too."

The waste heat energy recovery system is designed to generate approximately 50 tons of steam per hour. This is equivalent to a clean heat energy generation capacity of nearly 10MW. This system is estimated to achieve an annual saving of roughly 21,600 tons of coal (coal equivalent), which would otherwise be required to produce the same amount of power, and will consequently reduce roughly 57,400 tons of carbon dioxide emissions from the burning of that amount of coal each year.

The contract value presented above includes a 17% value added tax ("VAT") and a 5% retainage for product warranty purpose. According to US GAAP, VAT and the retainage are excluded for revenue recognition purpose for the current period and the retainage will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value.

What is Waste Heat Energy Recovery?

Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering total energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems, which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.

For more information, please contact:

Media
Sean Mahoney
Tel: [phone]

Investor Relations
Jim Blackman
Tel: [phone]

China Energy Recovery, Inc.

[devilnightgogo]

26.05.2009 21:09
China Energy Recovery Announces a Financing Transaction of $5 Million



SHANGHAI, May 26 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060; "CER"), a leader in waste heat energy recovery and industrial energy efficiency, today announced it has recently closed a financing transaction and issued a two-year 9.5% Unsecured Convertible Promissory Note in the principal amount of $5 million, which may be converted into common stock at a conversion price fixed at $1.80 per share, to an accredited private investor. The net proceeds from the financing will be used to start the development of CER's new manufacturing plant.

"We are very pleased to see there are investors who can see our potential growth power, share our vision and believe in our execution capabilities in this challenging period," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "With this funding, we will soon start the development of our new state-of-the-art manufacturing plant which will be tailor-designed to make large to mega sized energy recovery systems. Upon its anticipated completion of Phase One around the middle of 2010 and further phases in later periods, we believe the new plant will largely strengthen our manufacturing capability and ensure the required capacity to support our future growth. Coupled with our strong engineering capability, we believe the new plant will enhance our unique leadership position in the global energy recovery markets in which both the size and level of sophistication of systems have kept increasing."

For more detailed information about this financing transaction, please refer to CER's 8-K filed with the Securities and Exchange Commission on May 26, 2009.

[devilnightgogo]

17.05.2009 13:01
China Energy Recovery Reports First Quarter Fiscal 2009 Financial Results



-- Q2 2009 sales expected to exceed average 2008 level of $5.8 million

-- First quarter low level attributed to temporary impact of economic downturn

-- 2009 annual performance expected to be an improvement on 2008

SHANGHAI, China, May 17 /PRNewswire-Asia-FirstCall/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in waste heat energy recovery and industrial energy efficiency, today announced financial results for the three months ended March 31, 2009.

Revenues in the three months ended March 31, 2009 were $1.26 million. The relevantly low revenue level was due mainly to a reduction in order completion in terms of number and size between quarters as a result of the company's order-based business model and the temporary impact of the recent economic downturn.

Gross profit was $0.06 million for the three months ended March 31, 2009. Selling, general and administrative expenses were $1.54 million for the three months ended March 31, 2009 of which an aggregate of $0.64 million were related to public company operations, including $0.40 million of share-based, non-cash expenses. Non-operating expenses were $0.16 million for the period, including $0.13 million non-cash expenses related to changes in the fair value of warrants.

Net loss was $1.47 million for the first quarter of 2009.

"It was a bit challenging for us in the past quarter as a result of quarterly fluctuations due to our order-based business model and with the temporary impact of the economic downturn," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "With the completion of the Papua New Guinea order of roughly $4.85 million in contract value announced in early May among others, we anticipate the second quarter results will be much improved and exceed the average level of 2008. Our current order book also provides a positive indication of our top line performance for the next several quarters. Further, the emerging market recovery and the continuously strong emphasis of governments on energy efficiency and pollution reduction, especially in China, will continue to help enhance our order pipeline for 2009 and 2010."

[devilnightgogo]

12.05.2009 13:03
China Energy Recovery to Present at the 17th National Phosphate Fertilizer and Sulfuric Acid Industry Conference in China



SHANGHAI, May 12 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in waste heat energy recovery and industrial energy efficiency, today announced CER's Chairman and CEO, Mr. Qinghuan Wu, who is an executive director of the China Sulfuric Acid Industry Association, will present on waste heat recovery technological application in the sulfuric acid industry at the conference. In addition, the company will proactively interact with over 100 companies to strengthen existing relationships and explore future business opportunities.

The 17th National Phosphate Fertilizer and Sulfuric Acid Industry Conference hosted by China Sulfuric Acid Industry Association will be held from May 21 to May 24, 2009 in Hangzhou city, China. The conference will focus on the latest developments in the sulfuric acid industry inside China and abroad.

[devilnightgogo]

So jetzt hab ich mal das meiste was ich so gefunden habe mal reingestellt!!

Viel zu lesen


Vielleicht wird ja jetzt der ein oder andere mal aufmerksam auf China energy Recovery und kann mit mir mal darüber diskutieren.

Wollte schon seit Monaten das alles mal posten

Werde diesen Tread jetzt auch versuchen immer aktuell zu halten.

Gruß Ric

[Peederwoogn2]

Antwort auf Beitrag Nr.: 39.035.508 von devilnightgogo am 01.03.10 19:10:51

was soll den der alte kramm aus 2009

[devilnightgogo]

Antwort auf Beitrag Nr.: 39.035.634 von Peederwoogn2 am 01.03.10 19:26:38

Sorry aber hier wurde einfach seit ewigkeiten einfach nichts eingestellt über china e. sollte verdeutlichen das nur poitive Nachrichten kommen.

Dann muss kein interessierter ältere Berichte suchen er findet alles hier.

Jetzt kommen nur noch neue Nachrichten

[Peederwoogn2]

Antwort auf Beitrag Nr.: 39.035.754 von devilnightgogo am 01.03.10 19:39:11

ja schön das nur positive nachrichten kommen sieht man so schön am chart



jetzt kommen nur noch neue Nachrichten hoffentlich mal negative

[devilnightgogo]

Antwort auf Beitrag Nr.: 39.035.800 von Peederwoogn2 am 01.03.10 19:44:29

Wäre ja mal froh dann wüsste man woran man ist!!!

Kannst du das nachvollziehen???

[devilnightgogo]

Hat hier keiner irgendwelche Info´s bzw. ist informiert??

Gruß

[devilnightgogo]

Jetzt scheint endlich was zu gehen hier!!!


Juhu.

Mußte ja irgendwann mal los gehen!!!

[devilnightgogo]

Schade Naja wäre schön wenn es über der 0,70 mal bleiben würde

Vielleicht nächste Woche