HARBIN, China, March 6 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc. , 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 (http://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
