SOURCE: Worldwide Energy & Manufactuing USA, Inc.

Worldwide Energy & Manufactuing USA, Inc.

January 13, 2011 07:00 ET

Worldwide Energy & Manufacturing USA, Inc. Sees Continued Growth in 2011

Company Reiterates Fiscal 2010 Revenue Guidance at High End of Range

SOUTH SAN FRANCISCO, CA--(Marketwire - January 13, 2011) -  Worldwide Energy & Manufacturing USA, Inc. (OTCBB: WEMU) ("Worldwide" or the "Company"), a rapidly growing international supplier of photovoltaic (PV) solar modules, announced today that it anticipates continued growth for its PV modules in 2011 and reiterated its fiscal 2010 revenue guidance at the high end of its $160 to $165 million range, an increase of about 165% year over year.

"We see continued international demand for our Amerisolar modules in 2011, particularly in Europe; as government incentives help to further spur the use of clean solar energy," said Jimmy Wang, CEO of Worldwide. "With grid power costs rising and the cost of solar continuing to fall, we anticipate strong multi-year growth in our industry as new markets around the world, particularly the U.S. and China, continue to adopt PV energy solutions over the next several years. We are positioning our Solar Division to take advantage of the worldwide growth we see by aggressively growing our customer base and maintaining one of the most competitive cost structures in the industry."

Mr. Wang added, "Our 2010 revenue estimate is the result of the strong international demand for PV solar systems we have been experiencing, most notably from Europe. Going forward, we expect our new facility in Nantong, China to further advance the development of our business as we take advantage of the cost advantages of this new facility."

About Worldwide Energy & Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. (, headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro-Mechanical Products Co. Ltd., LLC, Shanghai Intech-Tron Electric and Electronics Co., Ltd., LLC, Shanghai Detron Electric & Electronics Co., Ltd., Shanghai Intech Precision Machinery Co., Ltd., LLC, Shanghai Shutai Precision Casting Company, Limited, LLC, Worldwide Energy and Manufacturing (Ningbo) Co., Ltd., LLC, Worldwide Energy and Manufacturing (Nantong) Co., Ltd., LLC, and Worldwide Energy and Manufacturing (Shanghai) Co., Ltd.

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