NEW YORK, April 4, 2012 /PRNewswire-Asia/ -- SmartHeat
Inc. (NASDAQ: HEAT; website: www.smartheatinc.com), a market leader
in China's clean technology,
energy savings industry, today announced that while it ordinarily
does not comment on market activity or market rumors, in view of
the recent unusual market activity in its stock, SmartHeat confirms
that it is not aware of any material corporate developments that
could account for the unusual trading activity.
About SmartHeat Inc.
Founded by James Jun Wang, a
former executive at Honeywell China, SmartHeat Inc.
(www.smartheatinc.com) is a NASDAQ Global Select Market listed
(NASDAQ: HEAT) U.S. company with its primary operations in
China. SmartHeat is a market
leader in China's clean technology
energy savings industry. SmartHeat manufactures heat exchangers,
custom plate heat exchanger units (PHE Units), heat meters and heat
pumps. SmartHeat's products directly address air pollution problems
in China where massive coal
burning for cooking and heating is the only source of economical
heat energy in China. With broad
product applications, SmartHeat's products significantly reduce
heating costs, increase energy use and reduce air pollution.
SmartHeat's customers include global Fortune 500 companies,
municipalities and industrial/residential users. China's heat transfer market is currently
estimated at approximately $2.4
billion with double-digit annual growth according to the
China Heating Association.
Safe Harbor Statement
All statements in this press release that are not historical are
forward-looking statements made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
There can be no assurance that actual results will not differ from
the company's expectations. SmartHeat's actual results may differ
from its projections. Further, preliminary results are subject to
normal year-end adjustments. You are cautioned not to place
undue reliance on any forward-looking statements in this press
release as they reflect SmartHeat's current expectations with
respect to future events and are subject to risks and uncertainties
that may cause actual results to differ materially from those
contemplated. Potential risks and uncertainties include, but are
not limited to, the risks described in SmartHeat's filings with the
Securities and Exchange Commission.
Contact Corporate Communications:
Ms. Jane Ai, Corporate Secretary
SmartHeat Inc.
Tel: 011-86-24-25363366
Email: info@SmartHeatinc.com
4826-1655-7327, v. 1
SOURCE SmartHeat Inc.