China Architectural Engineering, (AMEX:RCH)
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From May 2019 to May 2024
China Architectural Engineering, Inc. (CAE) (AMEX:RCH), a leader in the
design, engineering, fabrication and installation of high-end building
envelope solution systems, today announced that it has been awarded a
$15 million contract to design, construct and install curtain wall
systems for the “Silicon Valley”
development in Guangzhou, China, where the major economic center and
office centers of the area will be located. The project is expected to
be completed by the second quarter of 2009.
“Silicon Valley,”
also called “Science Town,”
features a wide range of high-tech industrial facilities and other
projects. It is being developed as Guangzhou’s
prime area for business, residences and retailing, and will also include
vacation destinations in this city noted for modernistic architecture.
Microsoft, IBM, Intel, Oracle, Besco, Sony, Honda, Vtron, and DuPont are
among the major companies that have agreed to occupy space in this new
development.
“The new ‘Silicon
Valley’ contract demonstrates CAE’s
continued expansion to its already robust China business while it is
also advancing into new markets abroad,” said
Ken Yi Luo, China Architectural Engineering’s
Chairman and CEO. “We are excited to be
associated with a development that houses several technology leaders in
China as well as some of its most advanced and striking architecture.”
Wang Yang, the leader of the Guangdong’s
Province, commented, “Xiguan represents
Guangzhou’s past; Zhujiang New Town
represents Guangzhou’s present; and Science
Town represents Guangzhou’s future.”
To be added to China Architectural Engineering's investor lists, please
contact Haris Tajyar at htajyar@irintl.com
or at 818-382-9702.
About China Architectural Engineering, Inc.
China Architectural Engineering, Inc. (CAE) (AMEX:RCH), which began
operations in 1992, has maintained a leading position in the global
commercial construction industry by providing timely, high-quality,
reliable, fully integrated & cost-effective service solutions to its
clients utilizing specialized technical expertise in the design,
engineering, fabrication and construction of building envelop solution
systems. It specializes in high-end curtain wall systems (including
glass, stone & metal curtain walls), roofing systems, steel construction
systems, eco-energy saving building conservation systems and related
products, for public works and commercial real estate projects.
CAE has worked with world-renowned architects and building engineers
from China and other countries and has completed over 100 large, complex
and unique projects throughout China, Hong Kong, Macau, Australia
and Southeast Asia, including numerous award-winning landmark buildings
in many of Asia's major cities. It is now capitalizing on its
industry-leading expertise by expanding aggressively beyond China into
some of the hottest construction markets in the world, including the
Middle East, Central Asia and Eastern Europe. It recently set up
operations in New York to expand in the U.S. and Canadian markets. CAE
now has operations in 13 cities in China, Hong Kong, Sydney (Australia),
Dubai (UAE) and New York (USA).
For further information on China Architectural Engineering please visit www.caebuilding.com.
Forward Looking Statements: In addition to historical
information, the statements set forth above include forward-looking
statements that may involve risk and uncertainties that could cause
actual results to differ materially from those in the forward-looking
statements. Such risks and uncertainties include, but are not limited
to, uncertainty of contract negotiations and payments under existing
contracts, the Company’s dependence on
government contracts, changes in the laws of the PRC that affect the
Company’s operations, fluctuation and
unpredictability of costs related to the Company’s
products and services, the Company’s
dependence on the steel and aluminum markets, reduction or reversal of
the Company’s recorded revenue or profits due
to “percentage of completion”
method of accounting and expenses and costs associated with the issuance
of convertible bonds. The forward-looking statements are also identified
through use of the words “believe,”
“enable,” “may,”
“will,” “could,”
“intends,” “estimate,”
“anticipate,” “plan,”
“predict,” “probable,”
“potential,” “possible,”
“should,” “continue,”
and other words of similar meaning. Actual results could differ
materially from the expectations contained in forward-looking statements
as a result of several factors, including regulatory approval
requirements and competitive conditions. These and other factors that
may result in differences are discussed in greater detail in the Company’s
reports and other filings with the Securities and Exchange Commission.