China Architectural Engineering, Inc. (CAE) (AMEX: RCH), a leader in the design, engineering, fabrication and installation of high-end curtain wall systems, today reported that it has been awarded two contracts for major new projects in the Chinese cities of Huhhot and Shouguang. Together, the contracts are valued at approximately $11.3 million, to be booked during the 2008 fiscal year. Ken Yi Luo, China Architectural Engineering�s Chairman and CEO, commented, �These projects, the first two for CAE in 2008, are among the most exciting and high-profile of our recent engagements. The Shouguang Cultural Center will be the focal point for that city, and the Sheraton Hotel � Huhhot will likewise be a landmark building. The latter project complements another on which CAE was a major contractor, the newly finished Huhhot Baita Airport Terminal extension, where CAE designed fabricated and installed the roofing and curtain wall systems. The new engagements at Huhhot and Shouguang give further proof to the growth of CAE�s reputation for both sound workmanship and exquisite design.� In Huhhot, the capital of the Inner Mongolia autonomous region, CAE will design and build the external fa�ade for the Sheraton Hotel � Huhhot. The value of the contract is approximately $7.6 million, and the project is expected to be completed in the fall of 2008. The proposed hotel development (shown here in an artist�s rendering) is about 20 minutes from the Inner Mongolia Baita Airport. It will include 350 rooms with a total construction area of approximately 790,000 square feet, and is expected to open to the public in the fourth quarter of 2009. CAE is contracted to design, engineer, fabricate and install an external fa�ade system made up of semi-hidden frame glass curtain walls, aluminum external cladding panels and terra cotta external cladding panels. In Shouguang, one of the major cities of Shandong province, CAE has been awarded a contract valued at approximately $3.7 million to build the external fa�ade for the city�s new cultural center. The project started at the end of December, 2007, and is expected to take 12 months, with revenue recorded during fiscal year 2008. CAE is under contract for engineering, construction management and installation of the fa�ade work. The cultural center is designed by one of China�s most famous architectural institutions, the Architectural Design & Research Institute of Tongji University, and will involve a total investment estimated at up to $25 million. Its construction area of more than 420,000 square feet will include the city library, museum, concert hall, youth activities center and other public facilities. To be added to China Architectural Engineering�s investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702. About China Architectural Engineering, Inc. China Architectural Engineering, Inc. (AMEX:RCH), which began operations in 1992, specializes in the design, engineering and installation of high-end specialty curtain wall systems, including glass curtain walls, stone curtain walls, metal curtain walls, roofing systems, and related products, for public works projects and commercial real estate. CAE has designed and installed nearly one hundred projects throughout China, including the National Grand Theater, Exhibition Conservatory of Beijing Botanical Garden, The COSCO Tower at Changlian Avenue Beijing, and the Wumen Exhibition Hall in Beijing�s Forbidden City, and a number of commercial structures in Southeast Asia. For further information on China Architectural Engineering please visit www.caebuilding.com. Forward Looking Statements: In addition to historical information, the statements set forth above include forward-looking statements that may involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company�s dependence on government contracts, changes in the laws of the PRC that affect the Company�s operations, fluctuation and unpredictability of costs related to the Company�s products and services,�the Company�s dependence on the steel and aluminum markets, reduction or reversal of the Company�s recorded revenue or profits due to �percentage of completion� method of accounting and expenses and costs associated with the issuance of convertible bonds. The forward-looking statements are also identified through use of the words �believe,� �enable,� �may,� �will,� �could,� �intends,� �estimate,� �anticipate,� �plan,� �predict,� �probable,� �potential,� �possible,� �should,� �continue,� and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including regulatory approval requirements and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company�s reports and other filings with the Securities and Exchange Commission.
Grafico Azioni China Architectural Engineering, (AMEX:RCH)
Storico
Da Apr 2024 a Mag 2024 Clicca qui per i Grafici di China Architectural Engineering,
Grafico Azioni China Architectural Engineering, (AMEX:RCH)
Storico
Da Mag 2023 a Mag 2024 Clicca qui per i Grafici di China Architectural Engineering,