EaglePicher Corporation Retains Credit Suisse to Explore Refinancing Options

INKSTER, Mich., July 11 -- EaglePicher Corporation (EaglePicher) today announced that it has engaged Credit Suisse to act as its advisor in evaluating refinancing opportunities.

EaglePicher's agreement to sell EP Boron should enable the company to favorably refinance its existing debt. EP Boron is an EaglePicher company that produces enriched boron and products containing other stable isotopes for the nuclear, semiconductor and hazardous materials industries. The agreement to sell to Ceradyne, Inc. for approximately $69 million was announced June 27, 2007, subject to final regulatory approval.

EaglePicher Corporation, based in Inkster, Mich., operates businesses in automotive, defense, space, commercial power, and medical. Its companies include Hillsdale Automotive, LLC; Wolverine Advanced Materials, LLC; EaglePicher Technologies, LLC; EaglePicher Medical Power, and EP Minerals, LLC. For more information, visit http://www.eaglepicher.com/.