IN FOCUS

Todd W. Herrick, President and Chief Executive Officer of Tecumseh Products Company announced that David W. Kay has resigned as Vice President, Treasurer, and Chief Financial Officer and from the Company’s board of directors effective immediately in order to pursue other business opportunities.

Delcam has introduced a new version of its CopyCAD reverse engineering software that offers faster and more accurate alignment of multiple scans, together with new curve creation and editing tools for easier surfacing, and improvements to its abilities to develop horizon lines and to fill holes in the data.

The Sulzer Board of Directors appointed Dr. Ulf Berg (53) as new Chief Executive Officer of Sulzer Ltd. He replaces Fred Kindle who will resign from this position.

ITT Industries, Inc. announced that its Board of Directors has elected Robert M. Powers to the position of Vice President of the company. Powers is ITT Industries’ Director of Investor Relations, responsible for interaction with the investment community.

Lowara manages its communication according to the guidelines provided by ITT Industries, the multinational group in which it is proud to play a part. The initiatives pursued are aimed at maintaining the identities of the single brands within the Water Technology Group.

Gardner Denver, Inc. announced today its intention to offer, subject to market and other conditions, 3,000,000 shares of its common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

As part of the nomination process agreed upon at the Annual General Meeting in 2003, the four largest shareholders of AB SKF, who together represent around 40% of the votes of the total number of company shares, propose that Ms. Winnie Kin Wah Fok be appointed as a new member of the Board of AB SKF.

Lowara presents its updated SV pump range, which has been completely re-designed and expanded to provide superior performances and advanced technological solutions.

Parker Hannifin Corporation announced that Parker’s President and Chief Executive Officer Don Washkewicz will be presenting at the Smith Barney Citigroup Global Industrial Manufacturing Conference…

Flowserve Corp. will be presenting at the Citigroup Smith Barney Global Industrial Manufacturing Conference.