NN, Inc., (Nasdaq: NNBR) ("NN" or "the Company") a diversified industrial company, today announced that its Power Solutions group will expand its manufacturing capabilities and presence in the northeast to meet growing demand in the Aerospace and Defense Markets. The 100,000-square-foot facility in Taunton, Massachusetts will be developed in the Myles Standish Industrial Park (MSIP) and encompass approximately 80,000-square-feet of manufacturing space and 20,000-square-feet of office space.

Christopher Qualters, Executive Vice President – Power Solutions, commented, "As NN's Aerospace and Defense business continues to grow, this new state-of-the-art facility in Taunton will allow us to provide more of our precision engineered solutions for this rapidly expanding market. Our team will use our advanced process technologies to produce products for Commercial aviation, Space vehicles, Satellites and Defense applications for aerial and ground operations. I look forward to expanding our presence in Massachusetts, and especially in the City of Taunton, which has a strong manufacturing history. The development of this facility reflects NN's overall balanced portfolio approach and focus on expanding our capabilities in the electrical and aerospace end markets."

NN will lease the facility from Rhino Capital Advisors, a real estate investment firm that recently acquired 11.3 acres of land in the MSIP from the Taunton/MassDevelopment Corporation to develop this expansion project. NN expects the expansion to create between 75 and 80 new jobs within three years of launching the new facility. Construction of the building has begun and is scheduled to be completed in the spring of 2019.

NN Power Solutions, a business group of NN, designs and manufactures a broad range of high precision metal and plastic components, assemblies, and finished products. With a focus on technical innovation, NN Power Solutions applies its world-class quality to the Power Distribution, Power Transmission, Energy Automation and Smart Grid, Sensors, Circuit Protection, Backup Power, Military and Aerospace, Automotive and Factory Automation markets.

NN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 51 facilities in North America, Western Europe, Eastern Europe, South America and China.