IN FOCUS

Chicago, IL — May 23, 2001 –McDonnell & Miller, a unit of ITT Industries, has enhanced its Series PS-800 conductance-style low water cut-off boiler controls. The innovative microprocessor-based controls provide contractors and installers with easy-to-understand troubleshooting diagnostics, ensuring proper installation and reducing installation time.

HYDRAULIC INSTITUTE & EUROPUMP RELEASE “PUMP LIFE CYCLE COSTS”

One solution to the worldwide energy cost crisis can be found in a 200-page reference guide, “Pump Life Cycle Costs: A Guide to LCC Analysis for Pumping Systems,” pictured. The book details substantial energy savings opportunities, particularly in pump process type operations. Pumps are used in virtually every industrial and commercial enterprise. The result of a joint effort by the Hydraulic Institute (HI), and Europump, the $125.00 guide can be ordered from www.pumps.org, or the Hydraulic Institute at 973-267-9700.

OTSEGO, Mich., May 25 /PRNewswire/ — The recent expansion of Parker Hannifin’s Pump/Motor Division’s Otsego facility signals a renewed dedication to the hydraulic piston pump manufacturing segment.

Pfeiffer Vacuum, a leading manufacturer of high-quality vacuum pumps, vacuum gauges and complete vacuum systems, announces its results for the 1st quarter of 2001.

Strong growth in Germany – Stagnation in the U.S.A.

After-tax income advances sharply by 46.5 %

In December 2000 the divestiture of Sulzer Turbo AG to the MAN Group was announced within the framework of the Sulzer focusing strategy. This take-over has now been finalized by contract closure on May 21, 2001 between MAN AG, Munich/Germany, and Sulzer Ltd, Winterthur/Switzerland.

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.

ABS is introducing a new, unique concept combining the possibility of faster installation, and thus shorter project lead times, with improved reliability and operating conditions. System PMI™ (Pump Mill Integration) provides true flexibility both now and in the future.

“Reinforcing our commitment to R&D and ‘making your boat a better place to be’, Jabsco’s new product program for this coming season is one of our most comprehensive for years. It covers practically every area of our range from Searchlights and Water Pressure Pumps, to Air Blowers, Oil Changers and Bilge Pumps.”

Hyundai Heavy Industries Co., Ltd. (HHI) – one of the better known shipbuilders, engine makers, and industrial pump manufacturers in the world – has newly developed an automatic vacuum stripping system protecting against the danger of an oil cargo pump internal explosion and saves on unloading time.

A breakthrough coating technology originally developed in Russia has opened up the potential for a new generation of low-cost, long-life, light alloy pumps capable of operating in various conditions and which will have a major impact on the global marketplace.