"We could not be more pleased with the growth we are experiencing. Our approach to pesticide free agricultural insect control continues to see widening acceptance within our core Chinese market and this is allowing us to meaningfully accelerate our revenue growth. While we are very excited about our current level of success, we are even more enthusiastic about our plans to introduce this patented technology to other major agricultural markets. Our investors should expect an aggressive rollout into several other markets over the coming quarters."
We are extremely excited about our growth and are working hard to improve upon the numbers even more in the coming year. While a revenue increase of more than 110% is a very promising note on which to end our most recent fiscal year ended March 31, 2011, we are expecting even greater things during our current fiscal year 2012 and are planning to deliver even more value to our shareholders. We are seeing this is a particularly opportune time to take our solar insect elimination systems global given the rise in health concerns over pesticides and the consumer driven Green Revolution that is taking place worldwide.
AgriSolar Solutions today announced it has received a significant order from one of its largest distributors, China-based Sichuan Gifore Agricultural Machinery Chain Co. Specifically, Sichuan Gifore Agricultural placed a US$13 million order for AgriSolar's solar powered insect control systems, representing the single largest order AgriSolar has received to date. The Company has already begun manufacturing efforts in order to provide near term deliveries.
"This is a very significant order for our Company, especially considering this single order is larger than our entire gross sales during 2010. While this initial order is for $13 million, we believe the total will likely end up being considerably larger. We are clearly entering a period of increased customer interest, as the agricultural community begins to embrace our goal of eliminating the use of chemical insecticides in the agricultural industry."