China Wind Systems Receives New $4.5 million Contract (CWS)

China Wind Systems, Inc. CWS today announced that the Company was awarded a new contract to supply forged rolled rings to Luoyang Xin Qiang Lian Bearing Co., Ltd., a wind power component producer. Pursuant to the contract, China Wind Systems will supply 2,526 tons of forged rolled rings to Xin Qiang Lian by September 30, 2010 at a selling price of RMB12,000 ($1,765) per ton. The total sales price is to be RMB 30.3 million ($4.5 million).