SmartHeat Inc. (SmartHeat), a US based manufacturer of standard plate heat exchangers and custom plate heat exchanger units, has been approved to upgrade its listing from the NASDAQ Capital Market to the NASDAQ Global Market, formerly known as the NASDAQ National Market. The company expects to commence trading on the NASDAQ Global Market on March 10, 2009 under its current stock symbol, "HEAT."

James Wang, chief executive officer of SmartHeat, commented: Meeting the more stringent requirements for a NASDAQ Global Market listing is representative of the initial step SmartHeat has taken in building greater corporate value. Our listing on the NASDAQ Global Market can potentially attract a much broader range of individual and institutional investors. We look forward to the greater market exposure and the opportunity to share our energy savings business with the investment community through solid earnings growth in a favorable market environment for our products and services.