Grand Opening of EPD China Group, Ltd. - Thu, Nov, 2007

November 27, 2007 – Houston, Texas – John Janik, President and CEO of EPD Inc. and EPD Asia announced the Grand Opening of its new manufacturing facility in Yangzhou, China. Jacques de Chateauvieux, Chairman, President and CEO of BOURBON, Larry Rigdon, Chairman and CEO of Rigdon Marine, and numerous Chinese government authorities officially opened the new facility. Additionally, over 250 people attended the festivities, including guests from Europe, South America, Asia, and the United States.

“Our strategic investment in China offers EPD Asia the ability to meet the power control system manufacturing requirements of Pacific Rim shipbuilders,” said Janik. “The new facility is in close proximity to the Sino-Pacific, which is building approximately 100 modern offshore support vessels for BOURBON Offshore. Additionally, the plant is near a major shipping port that will accommodate the exportation of our China-manufactured products throughout Asia.”

The 115,000 square-foot manufacturing plant will produce power control modules, AC/DC variable speed drives/motors, and distribution switch gears. EPD Asia is also gearing up to build drilling motors/specialized drilling equipment, flywheels and energy storage, and windmill power systems. In addition, Foster Magnetics, a division of EPD China Ltd, will manufacture transformers and inductors at the Yangzhou facility until its plant (Yangzhou Export Processing Zone) is completed in mid-2008.

EPD Inc. and EPD Asia are global providers of electrical systems integration and a custom designer of power systems for vessels, wind-power turbines, offshore drilling, alternative energy systems, and industrial and manufacturing facilities.