LE and China Technology Leader Xiangtan Electric Manufacturing Corporation Form Partnership

INDIANAPOLIS, Jan. 11, 2011 /PRNewswire/ -- (http://www.myprgenie.com) -- Light Engineering (LE) of Indianapolis, Indiana and Xiangtan Electric Manufacturing Company (XEMC) of Hunan Providence of the Peoples Republic of China, today announced they have completed a long term strategic partnership resulting in a new joint venture enterprise. This new company, Xiangtan Electric -- Light Engineering (XELE) will be located in a state of the art motor manufacturing facility in XEMC's high tech Xiangtan campus.

"We could not have found a better global partner than XEMC," commented Mathew Johnston, CEO of Light Engineering. "With the aggressive growth in the China EV / HEV market and XEMC's keen focus on alternative energy solutions and advanced manufacturing capabilities, XELE will serve as the worldwide fulfillment center for LE Powered(TM) motor and generator solutions. The XEMC team is leading the world in innovation and alternative energy solutions such as their very successful wind turbine business unit. They have an international talent pool that rivals any other around the world. The LE Technology is now empowered to continue its significant commercial growth well into the future," Mr. Johnston went on to comment.

"XEMC has conducted a worldwide search and assessment of advanced rotating machine technology to further help us become a leader in the fast growing EV / HEV marketplace. The LE technology was exactly what we were searching for and will enable us to advance very quickly in the market. We feel the combination of the XEMC's worldwide manufacturing capabilities coupled with this great technology is a very powerful combination. We very much look forward to the rapid commercial growth that will now result and also the other key strategic areas in our business that this technology will help us advance," commented Chen Neng, President-General Manager of XEMC.

About XEMC

Xiangtan Electric Manufacturing Corporation Ltd (XEMC) was founded in 1936 and is China's oldest and most respected manufacturer of motors and generator products. With development over almost eight decades, it has been the domestic manufacturing and R&D base for the significant motor/generator technology breakthroughs of China. Located in beautiful Hunan Providence, it enjoys the reputation of being the 'Cradle of Chinese Machinery and Electric Products.' XEMC is fully committed to leading the world with advance alternative energy solutions such as their very successful permanent magnet based wind turbine product line which has enabled them to become one of the top five turbine manufacturers worldwide.

About Light Engineering

Light Engineering has developed and markets the world's leading rotating electrical machine technology for permanent magnet motor and generator applications. LE technology empowers its customers with the highest efficiency motors and generators across all speed ranges, along with greatly reduced machine sizes and active material contents. LE is the new standard in permanent magnet applications. LE is headquartered in Indianapolis, Indiana and has manufacturing operations in the Guangdong Province of China.

Please visit www.lt-eng.com for more information.

Contact: Mathew Johnston, [email protected], 317.471.1013

SOURCE Light Engineering