Federal-Mogul Announces Strategic Partnership With Jasper Engines & Transmissions, Becomes Official Source Of Replacement Engine Components, Systems FEDERAL-MOGUL LOGO Federal-Mogul Corporation Logo. (PRNewsFoto)[KI] SOUTHFIELD, MI USA 05/25/2000

1 December 2000
    SOUTHFIELD, Mich., Dec. 1 Federal-Mogul Corporation
has been named official supplier of replacement engine bearings,
pistons, gaskets, piston rings and complete "loaded piston" assemblies to
Jasper Engines & Transmissions, the nation's leading engine remanufacturer.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
    The strategic partnership, which includes both a supply agreement and a
marketing element, is the first of its kind between a major aftermarket
supplier and engine remanufacturer, according to Jay Burkhart, vice president
of strategic planning and marketing for Federal-Mogul.
    Terms of the agreement call for Federal-Mogul's Sealed Power(R) pistons,
piston rings, engine bearings and Fel-Pro(R) gaskets to be installed in
engines remanufactured by JASPER.  In addition, JASPER will become the first
aftermarket customer worldwide to utilize Federal-Mogul's signature engine
systems development and manufacturing capabilities; JASPER will purchase
complete, ready-to-install Sealed Power piston-and-ring assemblies for its
automotive and diesel engines, eliminating the need to source, stock and
assemble pistons and rings prior to engine production.
    Jasper Engines & Transmissions remanufactures more than 65,000 gasoline
and 5,000 diesel engines annually.
    The strategic partnership will enable JASPER to promote its use of Sealed
Power and Fel-Pro products to existing and prospective customers.  The brands
will be displayed on all JASPER engine packaging and other merchandising
tools, including advertisements, newsletters and a broad range of trade-
related communications.  The brands and logos also will be prominently
displayed on JASPER's fleet of engine transport trailers and in a variety of
other prominent locations.
    "This is a partnership in every sense of the word," Burkhart said.  "Both
organizations will benefit from JASPER's use of the world's finest engine
components and systems and its commitment to leveraging the full value of the
Sealed Power and Fel-Pro brands."
    According to Doug Bawel, President of Jasper Engines & Transmissions,
"Federal-Mogul has been a strong partner and player in JASPER's success.  As
we move forward, we need to make sure we take this partnership to the utmost
level."
    The agreement also calls for Federal-Mogul's Champion(R) spark plugs and
PowerPath(R) wire and cable products to be included in JASPER engine
installation kits, and for the increased use by JASPER of a variety of Sealed
Power valvetrain components.
    "JASPER engines represent the very best of the remanufacturing industry, a
fact that's understood and appreciated by tens of thousands of professional
technicians and repair businesses across North America," Burkhart said.
"Customers will now have the added confidence that every Jasper engine and
installation kit features all of the parts and technologies needed to ensure
unsurpassed performance and durability.  We're proud to have our brands and
products play a vital role in the continued growth of JASPER's business."
    Sealed Power original equipment (OE) replacement pistons are manufactured
from exclusive aluminum alloys matched to each engine's performance
requirements.  Federal-Mogul's proprietary casting and machining techniques
and quality control procedures ensure outstanding reliability and service
life.  Sealed Power pistons also feature Federal-Mogul's DurOshield(TM) piston
skirt coating, which greatly reduces the possibility of skirt scuffing and
allows engine builders to run the pistons with minimal clearances for
increased sealing performance and power output.
    Sealed Power piston rings represent the technologies, designs and
materials specified each day by a majority of engine repair professionals.
The legendary Sealed Power SS-50 oil ring features electro-polished stainless
steel expander-spacers to better resist corrosion, provide superior side-
sealing and maintain original tension.
    Engine bearings from Federal-Mogul feature advanced, application-specific
technologies that enhance the performance and durability of automotive and
heavy-duty engines.  Federal-Mogul is the industry's largest engine bearing
manufacturer, with OE and aftermarket customers worldwide.
    Fel-Pro is North America's leading brand of gaskets for replacement
applications. Fel-Pro products feature exclusive, aftermarket-engineered
technologies preferred by millions of engine rebuilders, professional
technicians and racing teams.
    Federal-Mogul has pioneered the development of complete Power Cylinder
Systems and engine sealing systems.  Because the components are engineered and
manufactured to operate as totally integrated systems, the finished product is
generally lighter, more durable, less costly and easier to install than
conventionally assembled products.  In the past six months, Federal-Mogul has
been awarded a series of OE power cylinder system contracts totaling more than
$1.3 billion in new business.
    Jasper Engines & Transmissions, headquartered in Jasper, Indiana,
remanufactures more than 65,000 gasoline and 5,000 diesel engines annually.
The company also remanufactures 50,000 transmissions annually along with
differentials and rear axle assemblies, stern drives, alternate fuel engines
and performance products.
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, light truck, heavy-duty, railroad, farm and
industrial markets.  The company was founded in 1899.  Visit the company's web
site at http://www.federal-mogul.com for more information.