Worldwide Energy Announces New 3.8 MW Solar Contract Valued at $8.8M

WEMU solar panel manufactured at its Ningbo factory

WEMU solar panel manufactured at its Ningbo factory

BREAKING NEWS:  Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, today announced that its solar division, AmeriSolar, has received a new 3.8 MW solar module contract for a customer in Spain. The contract is valued at approximately US$8.8 million and has been scheduled for delivery over a six-month period:  August, September, November, December 2009; and January, February 2010.  

Jimmy Wang, chief executive officer of Worldwide Energy, stated: 

“This contract further validates are unique business model and our superior solar technology. We have simply built a better solar module with more structural integrity and better long-term efficiency. Further, our unique combination of in-house manufacturing and outsourced solar panel manufacturing gives us the ability to deliver high-quality solar panels quickly and efficiently while maintaining competetive gross margins.”

Worldwide now sells it solar panels in ten countries including Germany, Italy, Switzerland, Portugal, France, Spain, Australia, South Korea, Japan, and the United States.

Wang added: 

“With our competitive edge, better quality control technology and strong sales contacts, we continue to win new customers while continuing to grow our revenues and earnings quarter-over-quarter and year-over-year.”

About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (“Worldwide”), headquartered in South San Francisco, California, is a 15-year-old engineering-oriented firm specializing in PV panel, mechanical, electronics and fiber optic products manufacturing. The company’s worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

For further information on Worldwide Energy and Manufacturing USA, Inc., please visit http://www.wwmusa.com. You may register to receive Worldwide Energy and Manufacturing USA, Inc.’s future press releases or request to be added to the Company’s distribution list by contacting John Ballard.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

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