SI Technologies Subsidiary Announces Significant Order From Major Automotive Manufacturer

    TUSTIN, Calif--Oct. 15, 2001--SI Technologies, Inc. :

    Heavy Die Transporter Cart Will Handle Increased Production
    and Load Demands At Automotive Metal Stamping Plant

    SI Technologies, Inc. , which designs, manufactures and markets high-performance, industrial sensors, weighing and factory automation equipment and systems, today announced that its AeroGo, Inc. subsidiary has received a significant order to supply a 40-ton die handling cart for a major international automotive manufacturing company.
    The contract calls for AeroGo to design and manufacture an AGV wheeled die transporter for the movement of dies between large stamping presses and tooling/cleaning areas in one of the manufacturer's American automotive metal stamping plants. The system will replace a smaller 20-ton unit that covered a smaller travel area, providing reliable and critical production support and requiring no backup system. The metal stamping plant is an integral part of an advanced integrated automobile production facility located in Midwestern U.S. The AGV transporter is equipped with advanced systems for efficient, automated guidance and call/send control that will be integrated with existing AGV networks. It also incorporates several special proprietary AeroGo features, including high load-bearing wheel technology and controls for ultra-heavy load moving, Load Soft(TM) shock-absorbing technology that minimizes crane loading shocks, and Adaptive Suspension(TM) for uniformly distributed floor loading.
    "We are very pleased that this leading automobile manufacturer has selected our AGV die transporter for the handling of increased production and load demands at its metal stamping plant," stated Rick Beets, President and Chief Executive Officer of SI Technologies, Inc. "The AeroGo AGV cart will play a key role in optimizing the efficiency of the entire production facility by providing a tremendous degree of flexibility and reliability, in addition to its heavy duty capabilities."
    AeroGo will design and manufacture the cart at its plant in Seattle, Washington, where it has developed a strong reputation for providing specialized equipment for the movement and positioning of ultra-heavy industrial loads with both solid tire and air-flotation systems. The customer will also be able to easily track the transporter project's progress with AeroGo's unique Project View(TM) interface, which allows web-based tracking of project milestones and visual design/manufacturing images from any designated PC.

    SI Technologies, Inc. is a leading designer, manufacturer and marketer of high-performance industrial sensors/controls and engineered equipment and systems. Its proprietary products enjoy leading positions in their respective markets, while sharing common technologies, manufacturing processes, and customers. Recent acquisitions have diversified the Company's revenue base and positioned SI Technologies as a consolidator of technologies, products and companies which are involved in the handling, measurement and inspection of goods and materials. SI Technologies' products are used throughout the world in a variety of industries, including aerospace, aviation, food processing and packaging, forestry, manufacturing, mining, transportation, warehousing/distribution, and waste management. The Company is headquartered in Tustin, California, and its common stock is traded on Nasdaq under the symbol "SISI."

    This press release includes statements which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.