Wowjoint Holdings Limited announced that it has entered into a contract for leasing and servicing the construction of high speed rail in China. Wowjoint entered into a contract with a subsidiary of China Railway Group, Beijing-Fujian Railway Section VI Project Department of China Railway Tunnel Stock Co. Ltd. for the lease and servicing of a special launching carrier.

This special launching carrier will be used in the construction of the Beijing-Fuzhou passenger high speed railway line. Wowjoint will lease to China Railway a 900 ton special launching carrier specifically designed for this project to pass through the tunnels and install approximately 146 spans of railway box beams. The contract value is approximately $2.7 million and the service is scheduled to be performed from November 2012 to September 2013.