IN FOCUS

Osmonics, Inc. (NYSE:OSM), a worldwide leader in the manufacturing of water purification and fluid handling systems, announced the opening of their newest sales office in Latin America. The new office, in Curitiba, Brazil, is ideally located for the company’s sales efforts, situated equal distances from the two largest markets in the Mercosur, the free trade zone of the southern cone of South America.

Professor Takashi Asano of the University of California at Davis (UCD), USA was announced today by the Stockholm Water Foundation as the 11th recipient of the prestigious Stockholm water Prize.

STAMFORD, CONNECTICUT – April 24, 2001 – Crane Co. (NYSE:CR) confirmed today that the Board of Directors elected Eric C. Fast as President and Chief Executive Officer of the Company at the annual meeting on April 23, 2001. He succeeds R. S. Evans, who will continue to serve the Company as Chairman of the Board.

Overall economic growth is expected to be modest in 2001. The downturn in the world economy and uncertainties as to the direction which the US economy is going to take are having a negative impact on investment decisions. But this slow-down in economic activity will have a delayed effect on the pumps and valves industry.

CHARLOTTE, N.C., May 8 /PRNewswire/ — United Dominion Industries Ltd. (NYSE, TSE: UDI) today announced that, in connection with an offering by SPX Corporation (NYSE: SPW) of 20-year Liquid Yield Option(TM) Notes (LYONs), SPX will circulate an offering memorandum that will address United Dominion’s preliminary first quarter results.

– Inflow of orders: SEK 2,900 million (2,357)

– Invoiced sales: SEK 2,375 million (2,214)

– Operating earnings: SEK 100 million (107)

– Earnings after financial items: SEK 76 million (83)

– Earnings per share: SEK 1.63 (1.80)

The KSB Group boosted its pre-tax results in the year 2000 by 38.1 percent to DM 55.1 million.

TECUMSEH, Mich., Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced its 2001 first quarter results.

Quarterly Operating Income Up 75 Percent, Excluding Integration Expenses;

Maintains 2001 Earnings Forecast at $1.70 to $1.90 a Share, Excluding Integration Expenses

PARSIPPANY, NJ – April 20, 2001 – The Hydraulic Institute (HI) announced its 2001 – 2002 Board of Directors and officers during a general session of the annual meeting held recently in Palm Springs, CA.