HARBIN, China, Oct. 1 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric,
Inc. ('Harbin Electric' or the 'Company'; Nasdaq: HRBN), a leading developer
and manufacturer of a wide range of electric motors, will participate in the
William Blair & Company Small-Cap Growth Stock Conference on Tuesday, Oct 7th,
2008 at the Waldorf-Astoria Hotel in New York City. The Company management
will present a business overview of Harbin Electric including core businesses,
competitive strengths, and key growth strategies at 1:20 p.m. EDT on October 7,
2008 and will be available to answer investor questions after the presentation
and at the one-on-one meetings.
All interested parties are invited to listen to the web cast live at
Harbin Electric's internet site, http://www.harbinelectric.com , or at
http://www.wsw.com/webcast/blair14/hrbn/ .
A replay of the web cast will also be available after the presentation at
http://www.harbinelectric.com for 30 days.
About Harbin Electric, Inc.:
Harbin Electric, headquartered in Harbin, China, is a leading developer
and manufacturer of a wide array of electric motors with a focus on innovative,
customized and value-added products. Its major product lines include linear
motors, automobile specialty micro-motors, and industrial rotary motors. The
Company's products are purchased by a broad range of domestic and
international customers, including those involved in oil services, factory
automation, food processing, packaging, transportation, automobile, medical
devices, machinery and tool manufacturing, petrochemical, as well as in the
metallurgical and mining industries.
Harbin Electric has built a strong research and development capability by
recruiting talent worldwide and through collaborations with top scientific
institutions. The Company owns numerous patents in China and has developed
award-winning products for its customers. Through its U.S. and China-based
subsidiaries, the Company operates two manufacturing facilities in China
located in Harbin and Weihai, and is completing the construction of a
high-efficiency production plant in Shanghai. Harbin Electric employs
approximately 2,200 people including employees at Hengda Electric Motor Co.
Ltd., which it recently acquired. Each of the three manufacturing facilities
is dedicated to a specific product line and is equipped with state-of-the-art
production equipment and quality control systems.
As China continues to grow its industrial base, Harbin Electric aspires to
be a pioneer in leading the industrialization and technology transformation of
the Chinese manufacturing sector. To learn more about Harbin Electric, visit
http://www.harbinelectric.com .
Safe Harbor Statement
The actual results of Harbin Electric, Inc. could differ materially from
those described in this press release. Detailed information regarding factors
that may cause actual results to differ materially from the results expressed
or implied by statements in this press release may be found in the Company's
periodic filings with the U.S. Securities and Exchange Commission, including
the factors described in the section entitled 'Risk Factors' in its annual
report on Form 10-KSB for the year ended December 31, 2007. The Company does
not undertake any obligation to update forward-looking statements contained in
the press release. This press release contains forward-looking information
about the Company that is intended to be covered by the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of
forward-looking terminology such as 'believe,', 'expect,' 'may,' 'will,'
'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative
thereof or comparable terminology, and include discussions of strategy, and
statements about industry trends and the Company's future performance,
operations and products.
For investor and media inquiries, please contact:
In China
Harbin Electric, Inc.
Tel: +86-451-8611-6757
Email: MainlandIR@Tech-full.com
In the U.S.
Christy Shue
Harbin Electric, Inc.
Executive VP, Finance & Investor Relations
Tel: +1-631-312-8612
Email: cshue@HarbinElectric.com
Kathy Li
Christensen Investor Relations
Tel: +1-212-618-1987
Email: kli@christensenir.com
SOURCE Harbin Electric, Inc.
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