MY Expects to Erect A 6MW Off-Shore SCD Wind Turbine Generator in Norway

ZHONGSHAN, China, June 12, 2014 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that it has entered into a heads of agreement with Marin Energi Testcenter AS ("MetCentre") to erect a 6.0MW Super Compact Drive  ("SCD") wind turbine generator in the Karmoy wind turbine demonstration area off the coast of Karmoy Island in Norway. MetCentre is a Norwegian test centre for marine energy offering infrastructure and services to off-shore wind power. The proposed cooperation and the pilot project are subject to certain conditions, including a detailed agreement which is expected to be entered into by both parties in late 2014.

Ming Yang's SCD wind turbine generators combine high reliability and lower weight by utilizing smaller permanent magnet power generators coupled with a smaller gearbox, housed in a water-cooled sealed nacelle with an innovative two-bladed design which can lock the blades in a horizontal position to withstand extreme off-shore weather conditions.

"We are pleased to enter into this heads of agreement and looking forward to the installation of our SCD 6.0MW off-shore prototype in Norway, and this marks another milestone in Ming Yang's off-shore strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "We are confident that our innovative SCD wind turbine generators can provide an effective solution for off-shore wind power projects in China and beyond."

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "to be," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "goal," "strategy" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Ming Yang's control, which may cause Ming Yang's actual results, performance or achievements to differ materially from those in the forward-looking statements. Actual results or events may differ from those anticipated or predicted in this press release, and the differences may be material. Further information regarding these and other risks, uncertainties or factors is included in Ming Yang's filings with the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About China Ming Yang Wind Power Group Limited

China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable wind turbines with high energy output and provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodyne Energiesysteme, one of the world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms of newly installed capacity, Ming Yang was a top 10 wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2013.

For further information, please visit the Company's website: ir.mywind.com.cn

For investor and media inquiries, please contact:

China Ming Yang Wind Power Group Limited
Beatrice Li
[phone]
ir.mywind.com.cn 

 

 

SOURCE China Ming Yang Wind Power Group Limited

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