14.01.10

Worldwide Energy and Manufacturing: Solar Division Contracts

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Worldwide Energy and Manufacturing USA, Inc., 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, announced that contract orders for its solar division, AmeriSolar, have reached an estimated $58 million, as of January 11, 2010. These solar module contracts include mostly new orders received during the fourth quarter of 2009 and some orders that were received earlier in 2009 which have been re-signed as new orders with their shipments pushed out to 2010. Shipments of all these orders are expected to be completed in 2010.

Worldwide Energy's Chief Executive Officer Jimmy Wang stated: "I am extremely pleased with the backlog of orders for our solar division at this early stage in the new year. We remain confident in projecting that we will ship at least 50% more megawatts in 2010 than in 2009. I continue to look forward to very strong growth in 2010. We continue to aggressively grow our solar module market share by focusing on providing a technologically superior, more durable and efficient, solar panel product to our customers at a competitive price."

According to Lux Research, the global solar energy market is expected to double in the next five years from $36 billion in 2008 to $70 billion in 2013. For the first nine months of 2009, Worldwide Energy's solar module revenue was $29.4 million, a 36% increase over the nine-month period in 2008. The company shipped approximately 10 MW of solar backlog during the fourth quarter 2009.

Worldwide currently sells its advanced solar modules under the AmeriSolar brand name in more than ten countries including the United Kingdom, Germany, Italy, Switzerland, Portugal, France, Spain, Australia, South Korea, and the United States.

About Worldwide Energy and Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), 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.

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.

Contact:
Worldwide Energy and Manufacturing USA, Inc.
Jimmy Wang
650-794-9888, Ext. 221
jimmyw@wwmusa.com
http://www.wwmusa.com
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