Shanghai, China/March 18, 2011 FESCOL signed a 3.1 million RMB contract of GSHP system design and installation with Shanghai Xinpeng Industry Company Co., Ltd. (traded at Shenzhen Stock Exchange #002328), a professional manufacturer of electro-mechanical parts and a major supplier to many world-famous multinational corporations.

It is the HVAC system for newly built administrative office building of the company. FESCOL built 2 module units with 180KW each for its heating and air-conditioning.