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Cincinnati Machine's Composites Business Flying High with Record Orders in 2001

    CINCINNATI--Jan. 3, 2002--

Major Aerospace Programs in Defense, Commercial and Space Sectors Drive the Need for Composites Manufacturing Systems to New Heights

    Cincinnati Machine, a pioneer in automated composites processing, reports that orders for its Composites Manufacturing Systems are at an all-time high.
    Exceeding projected sales figures in 2001 for the high-tech machines, the company attributes this surge in orders to the fact that new commercial and military aircraft, space launches and munitions contain a higher percentage of composite components. Composite components replace aluminum and other metal parts by providing added strength, reduced assembly times and, most importantly, less weight to the structure. Cincinnati Machine was the first company to manufacture a production-ready system for the automated lay-up of composite fiber material and continues to be a key partner to aerospace manufacturers in all sectors requiring the advanced equipment.
    "This has been a stellar year for our Composites business," said Chip Storie, Cincinnati Machine's vice president of marketing, "and all indicators point to another healthy year in 2002. Typically, large aerospace programs have a long gestation period, and we're just beginning to see many of the programs we've been involved with since their onset come to term."
    The worldwide aerospace community has taken a hit since the horrific events of September 11, and the economy as a whole has slowed, causing a decrease in demand for commercial air travel. Yet Airbus is moving ahead with the A380 super jet. Lockheed Martin's Joint Strike Fighter (JSF), the largest military program in history, will certainly boost aerospace manufacturing in the U.S. and Europe. JSF is expected to generate a potential $200 billion over the next 40 years.
    With these and virtually all other new aircraft designed with a higher percentage of composite components, Cincinnati Machine will continue to play a leadership role in this technology. Cincinnati offers two types of composites manufacturing systems delivering several options for precise, automated lay-up. The fully programmable Contour Tape Laying Machine's 10-axis gantry-style system deposits tape on tools with flat and contour surfaces. The VIPER(R) line of Fiber Placement Systems features seven axes of motion to provide a one-step fabrication process for the manufacture of symmetrical or asymmetrical, solid or core sandwiched advanced composite parts.
    Cincinnati Machine is a leading global manufacturer and supplier of CNC machine tools, such as turning centers, vertical machining centers, horizontal machining centers/cells, 5-axis machining centers, universal machining centers, profilers, routers and composite processing equipment. Additionally, Cincinnati PLUSSM provides the most comprehensive package of service and support available in the industry today. Industries served include aerospace, heavy equipment, fluid power and automotive, as well as small job shops.
    For more information about Cincinnati's Contour Tape Laying Machines or Fiber Placement Systems, call 1-877-CINMACH (246-6224), fax us at 513-561-6742 or visit our website at http://www.cinmach.com/.