www.citywindmills.com TICKER - CYW G4 CITY WINDMILLS HOLDINGS PLC Registered in England, Co. # 0894545 Incorporated under the Companies Act 2006
SUITE 39, 35 BUCKINGHAM GATE, LONDON SW1E 6PA UNITED KINGDOM
January 5(th)., 2016
CITY WINDMILLS PLC. - Chinese Production Partner Agreement
HACC IN CHINA TO ESTABLISH CW PRODUCTION FACILITIES
CW has signed an agreement with Hebei Always Composite Co. ('HACC') to establish production facilities in various locations in China, for its full wind turbine range. As part of the agreement, initial small scale production will take place in Iowa to satisfy current orders, and where HACC have a small facility. The composite material Cerarmix to be used in the wind turbine design.
Matt Merchant, partner in HACC, has used Cerarmix(TM )in a number of applications, finding it lightweight, strong and durable - ideal for a wind turbine manufacture.
David Mapley, CEO of CW, will assist Michael Cunningham, Chairman of CW and Matt Merchant, in establishing the production facilities in China. Thereafter, a revenue sharing agreement will operate for sales to domestic China and to export markets. David already has extensive connections into Asia, being based there for 10 years.
HACC will refine the manufacturing process to support mass production - thereafter, similar facilities can be established worldwide to support local production.
For further information, please contact the company on info@city-windmills.com.
David Mapley Chief Executive Officer pp City Windmills Holdings PLC. www.city-windmills.com
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Source: City Windmills Holdings Plc via GlobeNewswire [HUG#1976728]
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