Cogo Group Inc. (COGO) Awarded $1.5M Wind Turbine Contract
Cogo Group Inc. serves as a gateway for global semiconductor companies to access the industrial and technology markets in China. The company today announced it was awarded a $1.5 million wind turbine contract since the acquisition of MDC Tech in late January. The contract was signed in February with key customer DongFang Turbine Co. Inc. Cogo said it expects shipments to commence and begin generating revenue in the third quarter of 2011. Jeffrey Kang, CEO of Cogo, said the performance MDC Tech to-date boosts the company’s confidence that it will achieve significant revenue in the upcoming year. “I am delighted…