JST Jinpan International Limited

ENGLEWOOD CLIFFS, N.J., Sept. 2 /PRNewswire-FirstCall/ -- Jinpan International Ltd. (NASDAQ:JST), a leading designer, manufacturer and distributor of cast resin transformers for high voltage distribution equipment in China, today announced that it has completed the phase 1 renovation and construction of its Shanghai facility approximately one month ahead of schedule. Phase 1 completion of the Shanghai facility will increase the Company's total transformer capacity by 11% from 9.0 million KVA to 10.1 million KVA and increase total production capacity for complementary power distribution products and integrated assemblies by 300% over current levels. Located in the Shanghai Qingpu Industrial Park, this site covers an area of 71,000 square meters. Mr. Zhiyuan Li, Chief Executive Officer of Jinpan stated, "We are excited to announce the completion of the first phase of our Shanghai manufacturing facility. At the new Shanghai facility, we will focus on the production of complementary power distribution products for wind power applications and integrated assemblies such as unit substations, as well as other more highly engineered products. We look forward to our continued push into the growing market of alternative energy generation." About Jinpan International Ltd Jinpan International Ltd. (NASDAQ:JST) designs, manufactures and distributes cast resin transformers for high voltage distribution equipment in China and other countries around the world. Jinpan's cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations at lower, more usable voltage levels. The Company has obtained ISO9001 and ISO1401 certification 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 This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations and involve known and unknown risks, and 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, the following: -- our ability to successfully implement our business strategy; -- the impact of existing and new competitors in the markets in which we compete, including competitors that may offer less expensive products and services, more desirable or innovative products or technological substitutes, or have more extensive resources or better financing; -- the effects of rapid technological changes and vigorous competition in the markets in which we operate; -- uncertainties about the future growth in electricity consumption and infrastructure development in the markets in which we operate; -- other factors or trends affecting the industry generally and our financial condition in particular; -- the effects of the higher degree of regulation in the markets in which we operate; -- general economic and political conditions in the countries in which we operate or other countries which have an impact on our business activities or investments; -- the monetary and interest rate policies of the countries in which we operate; -- changes in competition and the pricing environments in the countries in which we operate; -- exchange rates; and -- other factors listed from time-to-time in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 20-F for the period ended December 31, 2007 and our subsequent reports on Form 6-K. Except as required by law, we are not under any obligation, and expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Jinpan International Ltd. CONTACT: Investors, Jinpan International Ltd., Mark Du, Chief Financial Officer, +1-201-227-0680; or ICR, Inc., In China, Yuening Jiang, +86-10-6599-7965; or In U.S., Brian M. Prenoveau, CFA, +1-203-682-8200

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