Hanwei Energy Confirms New Pipe Order of $4.6 Million

Hanwei Energy Confirms New Pipe Order of $4.6 Million 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- Hanwei
Energy Services Corp. (TSX:HE) ("Hanwei" or the "Company"), today
announced that it has been awarded a new order of approximately $4.6
million for the supply of the Company's high pressure, glass
reinforced epoxy pipes and fittings to a client in Kazakhstan. At
least one quarter of this order is expected to be produced and
shipped within the Company's current 2013 Fiscal Year (ending March
31, 2012). 
As of the date of this press release the Company has confirmed sales
orders of approximately $18 million. This is inclusive of the
abovementioned new Kazakhstan order and in addition to the $13.2
million of revenue recognized as at September 30, 2012. 
For reference the Company's revenue in its previous 2012 Fiscal Year
was $27.7 million. Hanwei will hold a conference call at 1:00PM EST
on Thursday, February 7, 2013 to discuss its financial results for
the third quarter ended December 31, 2012. 
About Hanwei Energy Services Corp. 
Hanwei Energy Services Corp. is a leading manufacturer of high and
low pressure, fiberglass reinforced plastic pipe products and
associated technologies and services for the international oil and
gas, and infrastructure industries. Hanwei serves major energy
customers in the Chinese and global energy markets. 
The forward-looking information in this press release presents the
Company's expectations as of the date of this press release and
accordingly is subject to change after such date. Readers are
cautioned that reference to "orders" hereto are not recognized under
IFRS and should not be construed to be indicators of performance or
purported to be an alternative to sales or any other financial
measures under IFRS. Readers should not place undue importance on
forward-looking information and should not rely upon this information
as of any other date. While the Company may elect to, the Company
does not undertake to update this information at any particular time,
except as required by applicable securities legislation. 
Neither the TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX) accepts responsibility for the
adequacy or accuracy of this release. 
Hanwei Energy Services Corp.
Graham Kwan
Executive VP, Strategic Development and Corporate Affairs
604-685-2239 x108
Hanwei Energy Services Corp.
Yucai (Rick) Huang
Chief Financial Officer
604-685-2239 x106
Press spacebar to pause and continue. Press esc to stop.