Jinpan International Announces Opening of New U.S. Facility
October 19 2009 - 4:01PM
PR Newswire (US)
ENGLEWOOD CLIFFS, N.J., Oct. 19 /PRNewswire-FirstCall/ -- Jinpan
International Ltd. (NASDAQ:JST), a leading designer, manufacturer,
and distributor of cast resin transformers for voltage distribution
equipment in China, today announced the opening of a new,
Carlstadt, New Jersey-based office and warehouse facility. The
state-of-the-art 20,000 sq-ft building will provide enough office
space for Jinpan's U.S. sales and administrative functions with
room to expand as well as moderate production capability associated
with assembly, testing and warehousing. Mr. Zhiyuan Li, Chief
Executive Officer of Jinpan commented, "As Jinpan continues its
growth in the U.S. and other international markets, we are excited
to have this new facility at our disposal with its simple assembly
and testing capabilities which we believe will allow Jinpan to
better serve its U.S.-based customers. Also, with a limited product
showroom, customers can now see, first hand, Jinpan's high quality
cast resin transformers. We look forward to using this new office
and warehouse facility as a step in increasing our international
visibility and delivering continued growth in our business." About
Jinpan International Ltd. Jinpan International Ltd. (NASDAQ:JST)
designs, manufactures, and markets cast resin transformers for
power distribution and wind energy products. Jinpan's cast resin
transformers allow high voltage transmissions of electricity to be
distributed to various locations in lower, more usable voltages.
The Company has obtained ISO9001 and ISO1401 certifications of its
cast resin transformers. Its principal executive offices are
located in Hainan, China and its U.S. headquarters is based in
Englewood Cliffs, New Jersey. Safe Harbor Provision Statements in
this press release which are not historical data are
forward-looking statements which involve known and unknown risks,
uncertainties or other factors not under the company's control,
which may cause actual results, performance or achievements of the
company to be materially different from the results, performance or
other expectations implied by these forward-looking statements.
These factors include, but are not limited to, those detailed in
the company's periodic filings with the Securities and Exchange
Commission. DATASOURCE: Jinpan International Ltd. CONTACT: At
Jinpan International Ltd., Mark Du, Chief Financial Officer,
+1-201-227-0680, At ICR, Inc.: In China, Yuening Jiang, +86 10 6599
7965, In U.S., Brian M. Prenoveau, CFA, +1-203-682-8200
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