Parker-Hannifin Corporation (www.parker.com)

Parker Hannifin is a worldwide full-line manufacturer of motion control products, including fluid power systems, electromechanical controls and related components. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity. Components of a simple fluid power system include a pump or compressor that generates pressure, valves that control the fluid's flow, an actuator that translates the pressure in the fluid into mechanical energy, a filter to insure proper fluid condition and numerous hoses, couplings, fittings and seals. Electromechanical control involves the use of electronic components and systems to control motion and locate or vary speed in automation applications. In addition to motion control products, the Company also is a producer of fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration and electromagnetic shielding and thermal management products.

The Company's manufacturing, service, distribution and administrative facilities are located in 38 states, Puerto Rico and worldwide in 45 foreign countries. Its motion control technology is used in the products of its two business segments, Industrial and Aerospace. The products are sold as original and replacement equipment through product and distribution centers worldwide. The Company markets its products through its direct-sales employees and more than 7,500 independent distributors. Parker products are supplied to approximately 400,000 customers in virtually every significant manufacturing, transportation and processing industry. For the fiscal year ended June 30, 2000, Industrial Segment products accounted for 79% of net sales and Aerospace Segment products for 21%.