August 17, 2010 (FinancialWire) — Wowjoint Holdings Ltd. (NASDAQ: BWOW), a provider of heavy duty lifting and carrying machinery used in large-scale infrastructure projects, said it has signed a $4.3 million sales contract with China Railway Group.

According to Wowjoint, the contract provides for the sale of one lifting and/or carrying machine to China Railway Group for use in a high-speed railway construction project.

The machine will be custom made and is scheduled to be delivered within the next 120-160 days.

Yabin Liu, Wowjoint’s CEO, said, "Our entry into this sales contract combined with the recently announced equipment lease and service agreements with China Railway Construction company and China Railway Group bring the value of contracts announced since July 29th to approximately $11 million."

China-based Wowjoint’s machinery is used in large scale infrastructure projects such as railway, highway and bridge construction. Wowjoint's main product lines include launching gantries, tire trolleys, special carriers and marine hoists.

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