ENGLEWOOD CLIFFS, N.J., June 12 /PRNewswire-FirstCall/ -- JINPAN INTERNATIONAL LIMITED (AMEX:JST) announced today that they have successfully completed design verification testing for a R&D undertaking that will revolutionize the way they build a particular transformer product which is supplied to one of their major customers. This project was initiated in conjunction with JST's customer and will provide an overall cost reductions that will benefit each company. The R& D is centered about using non- conventional materials in the transformer design which results in significant cost benefits without compromising performance. The use of this material is unprecedented in the industry for these types of cast resin transformers which JST manufactures.
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 LIMITED CONTACT: Mr. Rick Wolff, +1-201-227-0680 Web site: http://www.jstusa.net/
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