[PRNewswire] PHNIX Wins New Bid of Heat Pump Water Heaters in

Coal-to-Electricity Project

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(GUANGZHOU, China, Aug. 31, 2017 PRNewswire=연합뉴스) PHNIX, China's leading heat pump manufacturer, again wins several large orders in the Coal-to Electricity project, maintaining the leading momentum in Beijing, Hebei, as well as in some provinces in western China recently. It is expected that PHNIX's pressures of deliveries would intensify greatly in the coming three months because the quantities of orders from the Coal-to-Electricity project for domestic and commercial hot water and house heating units are large - it has exceeded 40,000 units by now.

Last year PHNIX performed magnificently and won several big orders in China's Coal-to-Electricity bidding event. However, due to the rising demand from the project, it had led to a certain amount of pressure in delivery to PHNIX. Hence, PHNIX specifically expand a highly-automated house heating and hot water units' production line last winter. Nevertheless, the commercial house heating and hot water units are still in short supply and even the 6 production lines are running at full capacity, because orders from overseas are increasing significantly currently.

About PHNIX's Low-Temp. Heat Pump HeatPro Series [http://www.phnix-e.com/heatpro-evi-hot-water-heat-pump.html ]

Enhanced Vapor Injection (EVI) technology PHNIX HeatPro series heat pump water heaters feature a wide operating temperature range. The unit can reach a high water temperature of 55-65˚C and even in cold climates it ranges from -20˚C-45˚C, both in new buildings and boiler replacements.

Government-Subsidized Coal-to-Electricity Project in China

To control the haze and adjust the country's energy infrastructure, some local governments, such as Beijing Municipality, have introduced clean air policy measures to reduce coal consumption by replacing coal-fired house-heating with air source heat pump equipment in rural areas. Users will enjoy subsidies to purchase heat pump products worth a few thousand to as much as tens of thousands of RMB. Consumers get more benefits from the special energy subsidies by using heat pump, which reduces electricity prices to as low as 1 cent per kilowatt hour.

About PHNIX

PHNIX is an international enterprise specializing in R&D and production of heat pump products and energy-saving solutions. Nearly 50% of PHNIX products are exported to Europe, the United States and overseas markets. Headquartered in Guangzhou, China, PHNIX has been named a China High-quality Brand and Guangzhou High-tech Enterprise. For more information about PHNIX and its products, please visit www.phnix-e.com.

CONTACT: John Zhu, +86-20-39067742, john_zhu@phnix.com

Photo - https://photos.prnasia.com/prnh/20170830/1930393-1

The picture shows one of the PHNIX heat pump applications in Coal-to-Electricity project.

Source: Guangdong PHNIX Eco-Energy Solution Ltd.

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