SOURCE: Worldwide Energy and Manufacturing USA, Inc.

December 03, 2009 10:56 ET

Worldwide Energy and Manufacturing Announces 23 Megawatts in New Solar Contracts

Contracts Valued at $46 Million

SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - December 3, 2009) - Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced two new solar panel contracts for a total of 23 megawatts, valued at approximately $46 million. All of these solar contracts will be shipped in 2010.

The Company believes that the superior structural technology and cost efficiencies of its solar panels, combined with its quick turnaround and delivery ability, contributed to winning these contracts. The Company has currently filed 14 patents on its solar panel technology.

Jimmy Wang, chief executive officer of Worldwide Energy and Manufacturing, stated: "I am extremely pleased with these new contracts. We continue to prove again and again that Worldwide solar panel technology is better than its competitors and that we can continue to win new contracts. I want to note that while many solar panel manufacturers are losing money, we continue to grow our revenue and profits. Today, the president of our solar division was very confident in projecting that we will ship at least 50% more megawatts in 2010 than in 2009. I look forward to very strong growth in 2010."

About Worldwide Energy and Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

For further information on Worldwide Energy and Manufacturing USA, Inc., please visit

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

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