NEW YORK, NY and TAICHUNG, TAIWAN - March 3, 2014 - 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 technologies."
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 at:http://www.twsolarenergy.com/en.
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.
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 forward-looking statements.
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SOURCE: American Jianye Greentech Holdings, Ltd.