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Harbin Electric to Host NASDAQ Opening Bell Ceremony

2007-03-08 15:03 1383


HARBIN, China, March 7 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric,

Inc. (Nasdaq: HRBN), will host the NASDAQ Opening Bell ceremony on Thursday,

March 8, 2007 to commemorate the Company's recent listing on the NASDAQ Global

Market. The ceremony will take place at 9:30 a.m. E.T. at NASDAQ's MarketSite

Times Square Studio in New York City and will be broadcast simultaneously on

NASDAQ's seven-story Tower in Times Square.

The ceremony will be co-hosted by Harbin Electric Inc. Chairman and CEO

Tianfu Yang along with many of the Company's senior executives. This broadcast

will be seen by millions of viewers via television networks that broadcast the

ceremony daily throughout the U.S. and around the world. "We are delighted to

celebrate the listing of Harbin Electric Inc. with NASDAQ by participating in

this ceremony. We will mark this occasion surrounded by many of our employees

and board members who have traveled from Harbin, China and other international

locations," said Tianfu Yang, Chairman and CEO, Harbin Electric Inc. "NASDAQ

is a successful platform for many innovative, growing companies and our

association with NASDAQ continues to reinforce our position as a growing

leader in the markets we serve."

NASDAQ Opening and Closing Bell events are symbolic ceremonies that

represent the open and/or close of the NASDAQ trading day, which brings

together investors and market participants from around the world to trade

electronically. NASDAQ by design is a decentralized electronic market that can

be opened anywhere. The market open and market close are the busiest times in

the trading day, in which NASDAQ's systems handle transaction peaks in excess

of 20,000 transactions per second.

About Harbin Electric, Inc.

Harbin Electric, Inc. designs, develops and manufactures linear motors and

special electric motors. With proprietary technology and core patents, the

Company builds a wide array of customized linear motors and other special

motor for a variety of applications and industries. The Company currently

designs and supplies its motor products and systems to numerous end users

throughout the Chinese domestic market, as well as, to other industrial OEM

customers overseas. Industry applications for linear motors include oilfield

services, conveyor systems, factory automation, packaging equipment, as well

as mass transportation systems. The Company is based in Harbin, China along

with its wholly-owned subsidiaries. The Company has approximately 235

employees with approximately 270,000 square feet of state-of-the-art

manufacturing space. For further information, please see our filings with the

Securities and Exchange Commission (www.sec.gov).

For more information, please contact:

Integrated Corporate Relations, Inc

IR: Ashley Ammon or Bill Zima

Media: Brian Ruby

203-682-8200

Barry L. Raeburn

EVP Finance & Corporate Development

Phone: 215-854-8104

info@HarbinElectric.com

www.harbinelectric.com

Source: Harbin Electric, Inc.
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