is a great platform to encourage the next generation to continue pursuing their love for science and technology, said Martyn Mallick, Vice President, Global Alliances and Ecosystems at BlackBerry.
Nasdaq: SCEI), a leading producer and distributor of coal-water slurry fuel in China, today announced that it has entered into a non-binding, preliminary agreement to acquire 100% stake in Crown Energy Limited, an investment company registered in Hong Kong, which as its sole business holds a 60% stake in Foshan Nan Hai CWSF Co.
If after due diligence the Company decides to complete the acquisition, Sino Clean Energy will control a 60% stake in Foshan Nan Hai, a producer and distributor of CWSF in China.
Jamie won Best of Fair in Lambton county and a CWSF
As of March 31, 2012 Sino Clean Energy had 35 active customers under CWSF
supply agreements, compared to 47 customers at March 31, 2011.
The decrease in revenue was primarily due to a decrease in sales to the Company's major customer, Haizhong Heating, which suspended operations of its CWSF boilers between April and October 2011.
During the full year 2011, the Company sold 848,114 metric tons of CWSF compared to 982,167 metric tons in the same period of 2010, representing a decrease of 13.
During the third quarter of 2011, the Company sold 125,235 metric tons of CWSF
compared to 261,496 metric tons in the same period of 2010, representing a decrease of 52.
If the pilot project succeeds, both parties plan to apply the cooperative model to larger scale CWSF
facilities and electric power plants in Thailand.
Ren continued, "Although we are encountering some setbacks due to tightening macro policy and increased local competition, the Company remains confident in the prospects of CWSF
and will continue to invest in building up our capacity through production line expansions and acquisitions.
The Company believes that Sino Clean Energy is the third largest producer of coal-water slurry fuel ("CWSF
") by sales in China, according to data provided in Frost & Sullivan's 2010 Chinese CWSF
With locations in Shaanxi Province, Liaoning Province, and Guangdong Province, Sino Clean Energy is one of the leading CWSF
producers in China.