Lamb Technicon and Coretec, Inc. Form Strategic Alliance

    WARREN, Mich. & SOUJA-SHI, Okahama, Japan--Nov. 15, 2002--

    Partnership Expands Global Supply Capabilities in Automated
    Assembly and Test Systems for Worldwide Automotive Markets

    Two leaders of automotive manufacturing technology today announced a unique international alliance that expands their global reach for supplying automated assembly and test systems to manufacturers of automotive powertrain.
    Lamb Technicon, Inc. and Coretec, Inc. of Japan, formed a strategic alliance to expand business opportunities in Asia, North America and Europe for new global automotive engine programs.
    Lamb Technicon will also support Coretec's North American customer base with installation, service and spare parts.
    "Over the next three years, several Asian and European automotive OEMs are investing in new, high-volume engine and powertrain programs that will require suppliers with proven capabilities for global coordination and performance," said Jim Herrman, Senior Vice President and Group Executive, UNOVA Industrial Automation Systems. "Our alliance with Coretec, coupled with our recently announced alliance with Yasunaga, gives these OEMs a strong resource that can supply both machining and automated assembly systems anywhere in the world."
    "Our alliance with Lamb Technicon creates significant new business opportunities for automatic assembly and test systems for our customers," said Hitoshi Sumasu, President, Coretec, Inc. "Working together, Coretec and Lamb Technicon can serve the unique needs of global automotive and truck manufacturers by incorporating the best practices of equipment design and processes to offer customers truly world-class products and services."
    Assembly and test equipment is used primarily by automotive and truck powertrain manufacturers to automate the assembly of engine cylinder heads and automatic transmissions.

    About Lamb Technicon:

    Lamb Technicon is the leading North American designer and integrator of high-volume and flexible machining and assembly systems for the automotive and diesel engine industries.

    About UNOVA:

    UNOVA specializes in the design and integration of manufacturing systems, primarily for the global automotive industry. The company is also a leading supplier of automated data collection and mobile computing systems for industrial, distribution and government markets.

    About Coretec:

    Based in Souja-Shi, Okahama, Japan, Coretec, Inc., is a leading provider of automotive component assembly and test systems and solar systems. Annual sales are approximately $50 million.