AJ Greentech Signs a 3-Year Contract With Taiwan Solar Energy Co., Ltd, Worth
$1 Million per Year to Provide Electric Car Components
NEW YORK, NY and TAICHUNG, TAIWAN -- (Marketwired) -- 03/03/14 -- AJ
Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer,
manufacturer and distributor of green energy, announced it has signed
a contract, valued at $1 million per year for 3 years with Taiwan
Solar Energy Co., Ltd.
Ms. Chu Li An, Chief Executive Officer, commented on the deal, "We
are pleased to announce that this contract will bring in an excess of
$0.25 million net profit each year for the firm. Under the agreement,
AJ Greentech and Taiwan Solar Energy will jointly cooperate to
leverage and cross-promote and market their respective competitive
advantages in the electric automobile industry. This contract is a
result of two visionary companies agreeing to power the future of
automobiles in an unprecedented way."
Ms. Chu further stated, "Working with Taiwan Solar Energy Co., Ltd.
will not only enhance the sales of both companies, it will also
provide a joint venture opportunity that seeks to benefit the
industry. We look forward to assisting Taiwan Solar Energy Co., Ltd.
as it has extensive distribution channels in Taichung. That, coupled
with the additional market value of AJ Greentech will make us a
leading proposition in the green technology field that is consistent
with US government policy initiatives in the area of green
*About Taiwan Solar Energy Co., Ltd.: Taiwan Solar Energy Co., Ltd.
(TSE) takes the responsibility for protecting the Earth with
advancing New Energy businesses and technologies. Therefore TSE has
coined the term "New Energy Agriculture" as part of its mission
statement. Their major investment at this stage focuses on the
Projects of New Energy Agriculture Farms, large New Energy Power
Plants, Power Plants of BIPV in Cities, and expansive Power Nets
Reserved and Energy Storage Systems. With its "beneficial for the
common good" attitude, TSE believes that creating techniques in New
Energy and rewarding all people has been the company's driving force.
Senior professionals, consultants and many intro-national &
international partners realize that efficient investments of all
projects will yield excellent rewards. TSE expects to become
professional leaders in the field of Global New Energy and New Energy
Agriculture. Additional information about the company is available
*About AJ Greentech Holdings: AJ Greentech Holdings is a full-service
environmental technologies and R&D firm dedicated to providing
innovative solutions to communities, industries and governments
addressing the issues of green energy, environmental protection and
sustainability. It offers innovative solutions for Green
Transportation, Green Energy and Sustainability. AJ Greentech
integrates its own native advanced technologies along with
third-party technologies and systems to provide its customers with
the most effective and economical solutions. Additional information
about the company is available at: www.ajgreentech.com.
Forward-Looking Statements: This release contains certain
"forward-looking statements" relating to the business of the Company.
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or similar
expressions. Such forward-looking statements involve known and
unknown risks and uncertainties that may cause actual results to be
materially different from those described herein as anticipated,
believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of
the date of this press release. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(www.sec.gov). All forward-looking statements attributable to the
Company or to persons acting on its behalf are expressly qualified in
their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
US CONTACT INFO:
NEWS RELEASE DEPARTMENT
American Jianye Greentech Holdings, Ltd.
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