FOR IMMEDIATE RELEASE
June 26, 2007

ITT Acquires International Motion Control Inc.

Patrick Lee, chairman and CEO of International Motion Control, (IMC) of Buffalo, New York announced today that a purchase agreement has been signed with the ITT Corporation, a $7.8B NYSE company.

IMC will become part of ITT’s Motion & Flow Control Division.

Nick Hill, president of the Motion & Flow Control Division said “we are delighted in this opportunity to acquire a global motion control business that is synergistic and complimentary to ITT’s products. ENIDINE, the market leader in energy absorption will become a cornerstone of our division.”

Mr. Lee stated that ITT will be able to add opportunities to IMC and its associates and especially ENIDINE located in Orchard Park, New York.

With its corporate headquarters located in Buffalo, New York, IMC is divided into four operating groups which include; Automation, Controls, Energy Absorption and Distribution.

Each of these groups offers a complete array of complimentary hydraulic, pneumatic and electrical/electronic products to meet today’s motion control global requirements.

IMC’s manufacturing facilities are located throughout the United States, Germany, United Kingdom, France, Japan, Korea and China as well as an extensive global distribution network.