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, mjohnston@lt-eng.com, 317.471.1013

SOURCE Light Engineering