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Chinese Joint Venture Company Announcement
Southampton, PA – March 17, 2008 – Princo Instruments, Inc. (Princo)
is pleased to announce that it has entered into a Joint Venture with
Shanghai Xiongfeng Automation Control Engineering Company Ltd.
(Xiongfeng).
The JV Company will be located in Shanghai, China and its name will
be Princo Shanghai Instrumentation Company Ltd.
According to Mr. Paul Waser, CEO of Princo Instruments, Inc., the JV
company will take advantage of Xiongfeng's local sales/marketing
abilities in the Chinese market and Xiongfeng's strength in
operating production facilities in Shanghai and Princo's advanced
proprietary technological and manufacturing know-how and processes
to design, produce, assemble, test and package process level
instruments in accordance with Princo quality standards.
For additional information about Princo
Shanghai Instrumentation Company Ltd., contact Mr. Ken Loewenstern,
Executive Vice-President, Princo Instruments, Inc. 1020 Industrial
Boulevard, Southampton, PA 18966, USA, phone: 215-355-1500 fax:
215-355-7766 email:
ken@PrincoInstruments.com,
www.PrincoLevelControls.com.
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