SOURCE: Worldwide Energy and Manufacturing USA, Inc.

December 11, 2008 12:19 ET

Worldwide Energy and Manufacturing Announces $13.7 Million in New Solar Module Contracts

SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - December 11, 2008) - Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, today announced that its solar division, AmeriSolar, has signed two new solar module contracts in November valued at approximately US$13.7 million. These orders demonstrate Worldwide's continued successful implementation into the renewable energy market.

"We continue to see strong demand for solar module contracts as these latest orders for November demonstrate," said Jimmy Wang, CEO of Worldwide Energy. "We are continuing to aggressively grow our solar module market share and see a vast market in the U.S. We strongly believe that we will continue to generate triple-digit revenue and earnings growth in 2009-2010."

The German Advisory Council on Global Change expects 80% of global energy to be generated from renewable sources by 2100. According to Solarbuzz, world solar cell production reached 3,436 megawatts (MW) in 2007, up from 2,204 MW in 2006; and, in 2007, the PV industry generated $17.2 billion in global revenues.

Jimmy Wang, CEO, added, "The clean-tech industry is more recession-proof than others. In fact, Deutsche Bank is predicting a growth rate of 20% for the global solar industry in 2009. Worldwide, there is a need to replace fossil fuel resources with sustainable alternatives such as solar power and our solar modules."

The billion dollar solar industry remains the fastest growing among renewable energy industries. With its solar manufacturing facility in Ningbo in the Zhejiang Province, China opening in November 2008, Worldwide is poised to become one of the fastest growing companies in the solar industry.

About Worldwide Energy and Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in South San Francisco, California, is a 15-year-old engineering-oriented firm specializing in 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., Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd. And Shanghai Intech Electric and Electronics Co., Ltd., located in Shanghai, China.

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Forward-looking statements:

The above news release contains forward-looking statements. 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 business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

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