Jinpan International Named to Forbes List of Asia's Best Companies for the Third Consecutive Year
October 16 2009 - 9:15AM
PR Newswire (US)
ENGLEWOOD CLIFFS, N.J., Oct. 16 /PRNewswire-FirstCall/ -- Jinpan
International Ltd. (NASDAQ:JST), a leading designer, manufacturer,
and distributor of cast resin transformers for voltage distribution
equipment in China, today announced that the Company was named to
the Forbes List of 'Asia's Best 200 Under A Billion' for the third
year in a row. Companies with less than $1 billion in sales are
vetted for consistent growth of both sales and profits over a three
year period. Jinpan was one of 78 companies from the China/Hong
Kong subset to make this prestigious list. Mr. Zhiyuan Li, Chief
Executive Officer of Jinpan commented, "We are very excited to be
named to the Forbes List of Asia's 200 'Best Under a Billion' for
the third consecutive year. This list recognizes compelling
companies with consistent sales and profit growth. Our continued
inclusion in this list is a result of the hard work and dedication
of our employees, partners and customers who have made this
recognition possible." Additional information about the company's
ranking can be found on http://www.forbes.com/. About Jinpan
International Ltd. Jinpan International Ltd. (NASDAQ:JST) designs,
manufactures, and markets cast resin transformers for power
distribution and wind energy products. Jinpan's cast resin
transformers allow high voltage transmissions of electricity to be
distributed to various locations in lower, more usable voltages.
The Company has obtained ISO9001 and ISO1401 certifications 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 Statements in
this press release which are not historical data are
forward-looking statements which involve known and unknown risks,
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, those detailed in
the company's periodic filings with the Securities and Exchange
Commission. DATASOURCE: Jinpan International Ltd. CONTACT:
Investors, Mark Du, Chief Financial Officer, Jinpan International
Ltd., +1-201-227-0680; China, Yuening Jiang, +86 10 6599 7965,
U.S., Brian M. Prenoveau, CFA, +1-203-682-8200, both of ICR, Inc.
Web Site: http://www.forbes.com/fdc/welcome_mjx.shtml
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