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