MotoTron Engine Control System to Help Daewoo Lift Trucks Meet 2004 EPA Emission Standards

OSHKOSH, Wis., April 9 -- Engine control technology from MotoTron, a unit of Brunswick New Technologies, will soon be helping South Korea's Daewoo offer more environmentally friendly lift trucks for the North American and Asian markets.

MotoTron is supplying the technology through its joint venture with Woodward Governor Company, which has announced the signing of an agreement with Daewoo Heavy Industries Industrial Vehicle Division. The joint venture will supply the MI-4 engine control system, developed by Woodward in conjunction with MotoTron, for certain Daewoo propane-fueled lift trucks.

The MI-4 control is a tightly integrated system of fuel, air, and ignition control modules used on small mobile industrial engines. The system is designed to help engine and engine equipment manufacturers more cost- effectively meet the 2004 U.S. EPA emission standards as well as other regulatory standards around the world. The market for energy control technology products for gas and diesel mobile industrial engines of this size range is about $300 million worldwide.

To better focus on the industrial market, MotoTron, a leader in high- performance electronic control systems for engines and vehicles, formed a joint venture with Woodward. Woodward recently acquired Nolff's Carburetion, Inc., a manufacturer of natural gas and propane fuel systems for small industrial gas engines, to strengthen its position in the mobile industrial market.

Among the partners in the Daewoo agreement is Natural Gas Vehicle International (NGVI) in Korea, who will apply and certify the Woodward- MotoTron system on both General Motors and Mitsubishi engines for Daewoo. NGVI will also apply a less complex Woodward engine control system for engines sold into non-emissions controlled markets.

About Daewoo

Founded as Choson Machine Works in 1937, Daewoo Heavy Industries & Machinery Ltd. (DHIM) is a leading force in the Korean machinery industry and is its largest machinery manufacturer. Since DHIM began manufacturing lift trucks in 1967, its Industrial Vehicles Division has achieved remarkable progress, expanding its areas of business to include skid steer loaders and telescopic handlers. DHM has grown into Korea's largest industrial vehicle manufacturer, having production facilities with an annual production capacity of 30,000 industrial vehicles.

About MotoTron

MotoTron, a subsidiary of Brunswick New Technologies, designs and supplies sophisticated engine control and vehicle networking systems. More information about MotoTron and its capabilities are available on its Web site at www.mototron.com .

Brunswick New Technologies is comprised of Northstar Technologies, marine navigational systems; Chartus Electronics, integrated marine electronics; Monolith/Integrated Dealer Systems, marine dealer management systems; MotoTron, which designs and supplies sophisticated engine control and vehicle networking systems; the Brunswick Marine Innovation Center in Singapore; and the WebDen, developers of business integration and integrated content management software.

About Woodward Governor

Woodward Governor is the world's largest independent designer and manufacturer of energy control solutions for aircraft and industrial engines, turbines and power equipment. The company's innovative controls and fuel delivery systems help manufacturers worldwide operate cleaner and more efficient power equipment. Woodward's products and services are used in the aerospace, power generation, oil and gas processing, and transportation markets, which include rail, marine and many light and heavy industrial applications. Headquartered in Rockford, Ill., Woodward has over 3,200 employees serving global markets from locations worldwide and can be found at www.woodward.com .