ASIMCO Technologies is one of the largest piston ring suppliers in China, producing over 150 million cast and steel piston rings per year. With a significant market share in China, ASIMCO Technologies is now expanding its sales of piston rings to the global marketplace. The Company has recieved significant new orders from several European assemblers to supply their original equipment needs in Europe, and expects to begin penetratingthe U.S. as well. A new cast iron ring foundry completed in 2006 enhances the ability of ASIMCO Technologies to serve the global piston ring market. The Company's piston ring operations are located in Yizheng, Jiangsu Province.