Given that the order placed by Guohan was secured in early December 2009, the rapid turnaround and delivery validates GC China’s manufacturing and operational capabilities. The wind farm delivery under contract by Guohan is located at a national-level 10 million kW class wind power resource area in Baicheng City of Jilin Province. The location currently has a developmental install wind energy capacity plan for over 7 million kW.
Company Chairman Mr. Hou Tie Xin comments, "We are very proud of our operational team and their ability to react to the logistical requirements that occur when you add a new, rush order to a scheduled production run. We have had no delays to our existing scheduling and continue on track as we head into 2010."
The purchaser is the well known Shenzhen Guohan Investment Group which was established in 1993 with mixed activities in finance, real estate, construction and architectural décor alongside a number of other synergistic enterprises combining as a diversified investment group. The headquarters of the Group acts as an administrative and financial clearing center, business support service operation and investment department. Subsidiaries include Shenzhen Guohan Decoration Engineering Corp, Shenzhen Guohan Cultural Media Corp, and Shenzhen Guohan Advertisement Corp, amongst others. The Company has stated capital of 120 million RMB and assets worth over 600 million RMB. For more information visit Guohan at www.guohan.com.
Additional details regarding the Company and its business, financial condition and management of GC China and related parties are filed as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s ("SEC") EDGAR database.
GC China Turbine Corp. (OTCBB: GCHT) is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$75 million. GC China’s launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.5MW and 3.0MW utility scale turbine in development. The Company’s initial efforts have been rewarded with contracts of approximately US$135 million to-date.