Life of Guangzhou - Company Awarded $15 Million ''Silicon Valley'' Contract in GZ

China Architectural Engineering, Inc., a leader in the design, engineering, fabrication and installation of high-end building envelope solution systems, today announced that it has been awarded a $15 million contract to design, construct and install curtain wall systems for the "Silicon Valley" development in Guangzhou, China, where the major economic center and office centers of the area will be located. The project is expected to be completed by the second quarter of 2009.

"Silicon Valley," also called "Science Town," features a wide range of high-tech industrial facilities and other projects. It is being developed as Guangzhou's prime area for business, residences and retailing, and will also include vacation destinations in this city noted for modernistic architecture. Microsoft, IBM, Intel, Oracle, Besco, Sony, Honda, Vtron, and DuPont are among the major companies that have agreed to occupy space in this new development.

"The new 'Silicon Valley' contract demonstrates CAE's continued expansion to its already robust China business while it is also advancing into new markets abroad," said Ken Yi Luo, China Architectural Engineering's Chairman and CEO. "We are excited to be associated with a development that houses several technology leaders in China as well as some of its most advanced and striking architecture."

Wang Yang, the leader of the Guangdong's Province, commented, "Xiguan represents Guangzhou's past; Zhujiang New Town represents Guangzhou's present; and Science Town represents Guangzhou's future."

[More Guangzhou News]