Fushi Copperweld to Form China’s First Composite Conductor Working Group

DALIAN, China, Dec. 14 /PRNewswire-Asia-FirstCall/ — Fushi Copperweld,
Inc., (the “Company”) (Nasdaq: FSIN), the leading global manufacturer and
innovator of copper-clad bimetallic wire used in a variety of
telecommunication, utility, transportation and other electrical applications,
today announced that the Company’s subsidiary, Fushi International (Dalian)
Bimetallic Cable Co., Ltd., has been appointed to form and organize China’s
first ever composite conductor working group by the National Standardization
Administration of China. The National Standardization Administration (SAC),
established in April 2001, is authorized by the State Council of the People’s
Republic of China to draft, formulate, and implement state laws and
regulations on product standardization.

Upon formation, the working group will be the first standards setting body
within China for composite conductors. The working group, which will draw
together a number of well-known industry experts, leaders, and enterprises,
will be tasked with formulating a nationwide standard for composite conductor
wires within the telecommunication, electrical, automotive, railway,
industrial and utility industries, as well as in other high frequency signal
and power transmission areas. In 2007, the Company along with the Number 23
Research Institute of China Electronics and Technology Group and other
industry experts formulated a national standard for Copper-Clad Aluminum Wire
(“CCA”). The proposed national standard for CCA has been formally approved by
the National Standards Committee and awaits industry implementation.

“Fushi Copperweld is honored that the National Standardization
Administration has once again chosen the Company to play an active role in
drafting national standards within the wire and cable industry,” commented Mr.
Fu Li, Chairman and co-Chief Executive Officer of Fushi Copperweld. “The
formation of a composite conductor working group will greatly promote the
national composite conductor industry and relevant industries in China through
the development of nationwide standards. As the global leader of
copper-cladded composite conductors with over 100 years of combined
operational expertise, Fushi Copperweld looks forward to partnering with
leaders within China’s wire and cable industry to develop a nationwide
standard for composite conductors and ensure that the needs of the industry
are met.”

About Fushi Copperweld, Inc.

Fushi Copperweld, Inc. through its wholly owned subsidiaries, Fushi
International (Dalian) Bimetallic Cable Co., Ltd., and Copperweld Bimetallics,
LLC, is the leading manufacturer and innovator of copper-cladded bimetallic
engineered conductor products used in the electrical, telecommunications,
transportation, utilities and industrial industries. With extensive design
and production capabilities and a long-standing dedication to customer service,
Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide.
For more information, visit: http://www.fushicopperweld.com .

Safe Harbor Statement

This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking statements. Forward-
looking statements can be identified by the use of forward-looking terminology
such as “will” “believes”, “expects” or similar expressions. These forward-
looking statements may also include statements about our proposed discussions
related to our business or growth strategy, which is subject to change. Such
information is based upon expectations of our management that were reasonable
when made but may prove to be incorrect. All of such assumptions are
inherently subject to uncertainties and contingencies beyond our control and
upon assumptions with respect to future business decisions, which are subject
to change. We do not undertake to update the forward-looking statements
contained in this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the forward-looking
statements contained in this press release, see our most recent Annual Report
filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our
subsequent SEC filings. Copies of filings made with the SEC are available
through the SEC’s electronic data gathering analysis retrieval system (EDGAR)
at http://www.sec.gov .

    For more information, please contact:

     Nathan J. Anderson
     Vice President of Investor Relations
     Fushi Copperweld, Inc.
     Email: IR@fushicopperweld.com
     Tel:   +1-931-433-0482

SOURCE Fushi Copperweld, Inc.