Press Releases

E/One and Yokogawa form Strategic Alliance

Niskayuna, New York, May 17, 2004 - Yokogawa Corporation of America, a leading supplier of process automation equipment, and Environment One Corporation's Utility Systems Business (E/One USB), a leading supplier of generator condition monitoring equipment, have formed a strategic alliance based around each company's product success in the power generation business.

Ron Brosnihan, E/One's general manager of Utility Systems, said that "Yokogawa technology and market coverage plus E/One system offerings and expertise in generator auxiliary applications will provide a dominant competitive advantage in North America, while offering a better and broader value proposition to our customers."

The nature of the alliance brings these two manufacturers together under a unified distribution channel. The E/One generator monitoring packages using Yokogawa instrumentation will now be sold through the Yokogawa distribution channel in the United States. The companies expect that the combined effort will present a single source for "best in class" generator monitoring systems.

Yokogawa experiences tremendous success with their GD402/GD40 hydrogen purity analyzer upgrading existing field technology. E/One experiences similar success with their Gas StationT generator monitoring and control platform, mainly sold to generator manufacturers and utilities. These two companies maintain a presence in nearly 60 percent of the power plants in North America.

Yokogawa Corporation of America is the North American unit of $3 billion Yokogawa Electric Corporation, a global leader in the manufacture and supply of instrumentation, process control, and automation solutions. Headquartered in Newnan, Georgia, Yokogawa Corporation of America serves a diverse customer base with market-leading products including analyzers, flowmeters, transmitters, controllers, recorders, data acquisition products, meters, instruments, distributed control systems, and more.

Environment One Corporation is an operating company of PCC Flow Technologies, Inc., a division of Precision Castparts Corporation (NYSE:PCP). With corporate headquarters in New York and regional offices and distribution throughout the industrialized world, Environment One is a manufacturer and provider of utility systems for the protection and performance optimization of electric utility assets.