Worldwide Energy and Manufacturing USA, Inc., a Chinese manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, announced today that its solar division has a backlog totaling $52 million in solar module contracts. To date, the company has signed approximately $90 million in new contracts, most of which are anticipated to be recorded during the current calendar year.
Worldwide Energy’s Chief Executive Officer Jimmy Wang stated, “Our solar division continues to obtain new module contracts from new customers as well as existing customers demonstrating our ability to retain customers as well to gain new customers in the renewable energy market despite of the temporary downturn on the worldwide demand for renewable alternative energy consumption.”
He added, “We are very encouraged by the achievement we have made and anticipate another triple digit growth for our solar business this year. We will continue to expand our market share in the solar sector as we have become one of the fastest growing companies in the clean-tech industry.”