Powin Corporation Says It Is Considering Increased Manufacturing in Mexico

TUALATIN, Ore., June 28, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that it is studying expansion of its manufacturing facility that manufactures truck parts for Daimler's Freightliner trucks in Saltillo, the capital city of the Mexican state of Coahuila.

Powin owns 85 percent controlling interest in the manufacturing company in Saltillo.  "This has proven to be an excellent investment and we are discussing the opportunities of expanding manufacturing here, partially because the price of manufacturing in China and Taiwan, where we contract with manufacturing facilities, is continuing to increase in cost as well as ever increasing cost of freight and the impact of the negative exchange rate on the U.S. dollar," said Joseph Lu, Founder, Chairman of the Board, CEO and President.

Saltillo, which is south of Texas and near Monterrey, Mexico, is called the "Detroit" of Mexico because of huge manufacturing plants there for General Motors, Chrysler, Daimler and Delphi.  "We are very pleased by the workforce in Mexico and the cost of doing business there.  Our management team always has to consider both the short- and long-term and Mexico might prove to be the best answer for the Company's future," Mr. Lu said.  Powin's Chairman and CEO recently addressed the idea of increased manufacturing in Mexico at the Company's annual shareholders' meeting in June 2011.

Contact:

Powin Corporation
Ronald Horne, CFO
503.612.3004
[email protected]

Paul Knopick
E & E Communications
[email protected]
949.707.5365

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

SOURCE Powin Corporation