WEMU Gets Three New Customers For Contract Manufacturing Division
December 2, 2009 (FinancialWire) — Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, announced the signing of three new customers with contracts totaling $760,000.
The new orders are expected to add to revenues and earnings in the fourth quarter of 2009 and continuing through 2010.
Shanghai Intech Electric and Electronics Co. Ltd., one of Worldwide Energy’s China-based manufacturing subsidiaries, signed a new customer, Shanxi Guangyu Power Supply Co., Ltd., to an initial $600,000 contract for LED power supply products. Additionally, Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., a wholly owned China-based subsidiary, added two new customers — Shanghai Wuteng Hardware Factory and Su Zhou Weitang Metal Factory — for die-casting contracts totaling $160,000.
Worldwide Energy and Manufacturing USA, Inc. (Worldwide), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic panel, mechanical, electronics and fiber optic products manufacturing.
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