ASIMCO Technologies' Casting Facility Awarded Ford Q1

ASIMCO Technologies' Casting Facility Awarded Ford Q1

July 28, 2006

(One of the earliest Q1 suppliers of China)

    BEIJING, July 28 /Xinhua-PRNewswire/ -- ASIMCO
Technologies Limited ("ASIMCO") today announced
that one of its casting facilities was named a Ford Q1
supplier, the highest quality honor given by Ford Motor
Company ("Ford").  ASIMCO Casting (Beijing) Co.,
Ltd. ("ASIMCO Casting") has been a supplier of
pressure die cast parts to Ford for over two years.

    Located in Beijing, ASIMCO Casting was established as a
wholly foreign owned company in July, 1998.  In addition to
producing high quality pressure die and gravity castings
for ASIMCO's internal use, ASIMCO Casting supplies castings
for both domestic and international customers such as Ford. 
ASIMCO Casting has full machining capability, enabling it to
provide its customers with finished cast parts.

    Jack Perkowski, Chairman and CEO of ASIMCO said,
"ASIMCO Casting is the first aluminum casting facility
in China to be given Ford Q1 supplier status and we are very
proud of this achievement.  Aluminum castings are in great
demand in both the domestic and international markets, and
we have met the most stringent quality metrics in the
global automotive industry, demonstrating our capability
and dedication to achieving total customer
satisfaction."

    Wilson Ni, Vice President of Global Sales and Marketing
for ASIMCO said, "The Ford Q1 designation requires a
collaborative partnership with our customer and is
acknowledgement of the hard work and efforts of the
ASIMCO-Ford team.  We are delighted that ASIMCO Casting has
been recognized by Ford as a Q1 supplier and our goal is to
have the entire ASIMCO group continue its development to
become Ford's global partner." 

   The Ford Q1 designation recognizes suppliers that have
demonstrated manufacturing excellence, superior quality,
and continuous improvement in their operations.

    Notes to Editor

    About ASIMCO Technologies Limited

    ASIMCO Technologies Limited is a privately held, large
scale, multi-product components manufacturing organization
based in Beijing, China with global reach and managed by an
international team in partnership with experienced local
managers.  ASIMCO operates 18 manufacturing facilities and
a network of 36 sales offices in China, 3 manufacturing
facilities as well as a sales office in the United States
and a sales office in the United Kingdom.  Since its
formation in 1994, ASIMCO has substantially expanded its
activities in supplying both the Chinese and international
automotive markets.  

    ASIMCO Technologies' strategy has been to provide
capital, management and technology as part of a
comprehensive program to enable its China based companies
to compete in the global marketplace.  ASIMCO has also
established extensive strategic and technological
relationships with leading international companies from the
United States, Europe and Japan.

    ASIMCO Technologies produces a broad range of
powertrain, chassis components, diesel fuel injection and
NVH products for passenger cars and commercial vehicles. 
Powertrain products include piston rings, camshafts, and
cylinder blocks and heads, while chassis products include
most major components for the brake system.  ASIMCO
supplies diesel fuel injection systems and compressors to
the heavy-duty market.  ASIMCO has core capabilities in key
materials technologies such as ductile iron and aluminum
castings, NVH products and has extensive machining and
assembly capabilities.

    John F. Perkowski "Jack", Chairman & CEO
of ASIMCO Technologies Limited

    Mr. Perkowski received a Bachelor of Arts degree (cum
laude) from Yale University in 1970 and an MBA degree (with
high distinction) from the Harvard Graduate School of
Business Administration in 1973 and was designated a Baker
Scholar.  Mr. Perkowski joined Paine Webber in 1973 and was
the Director of Investment Banking when he left in 1988 to
become the Managing Director of a leveraged buyout firm. 
In 1990, Mr. Perkowski began to research the concept of
investing in Asia, leading to the formation of ASIMCO in
1994.  Mr. Perkowski developed ASIMCO's industry approach
and strategy for taking an active management role which has
led to the formation of one of China's largest components
companies, which sells to both the domestic and overseas
markets.  In 2001 and again in 2005, ASIMCO was named one
of the "10 Best Employers in China" in a survey
conducted by Hewitt Associates and 21st Century Business
Herald.  A frequent speaker to a wide range of audiences on
China, Jack was also featured in Thomas L. Friedman's best
selling book, "The World is Flat: A Brief History of
the Twenty-First Century" in the chapter dealing with
China.

    For further information contact:

     Carleen Giacalone				
     Director of Corporate Communications
     Tel:    [phone] x287
     Mobile: [phone]
     Fax:    [phone]
     Email:  [e-mail]
     Web:    http://www.asimco.com

SOURCE  ASIMCO Technologies Limited