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April 23, 2010

GERMANY/CHINA: Harman and Neusoft form partnership

Harman International and Neusoft Corporation have announced that the two companies have agreed to enter into partnership for the development of advanced technologies in automotive and consumer electronics.

Harman International and Neusoft Corporation have announced that the two companies have agreed to enter into partnership for the development of advanced technologies in automotive and consumer electronics.

As a result of this collaboration, Harman and Neusoft have jointly established technology development centres in Shenyang, China and Hamburg, Germany.

Beginning with some 250 professionals, this partnership is expected to increase the number of technical resources working on Harman products and systems by more 500 personnel within the next two years. The collaboration leverages Harman ‘s position in automotive infotainment and audio technologies, and Neusoft ‘s expertise in automotive technologies and product engineering solutions.

“We are delighted to welcome Neusoft as a strategic partner,” said Dinesh C. Paliwal, Harman ‘s Chairman, President and CEO. “This relationship will accelerate our development of next-generation technologies and sharpen our execution focus in delivering Harman ‘s record $10 billion audio and infotainment order book, while adding Neusoft ‘s deep expertise to our commitment to keep our customers at the leading edge of navigation technologies. Further, Neusoft ‘s experience in Chinese, Japanese and Korean navigation solutions will help Harman extend its Western automotiveleadership to Asia.”

Harman ‘s leading market share and close relationships with global automakers will provide a platform for Neusoft ‘s expertise in next-generation technologies for automotive and consumer electronics, which will significantly enhance Neusoft ‘s position in the global product engineering market.” said Dr. Jiren Liu, Chairman and CEO of Neusoft Corporation. “By partnering with Harman , Neusoft will also further improve our development and innovation competitiveness in the product engineering field, as well as enhance our overall delivery capabilities for our customers in the European market.”

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