news, people, new vacuum pumps, mergers and acquisition       to the latest news new AVEM 2009 Buyers Guide for the Vacuum Industry Nov. 2008 This resource guide highlights the products and services offered by AVEM member companies, which range from systems to pumps to instrumentation to hardware and deposition components.     download new MULTI-MASS™ leak detection systems Nov. 26, 2008 VACC Limited announces a new line of mass spectrometer based leak detectors, called the Multi-Mass™ Leak Detection System. Multi-Mass™ leak detectors employ quadrupole mass spectrometers giving them the ability to detect any gas or gas mixture. This greatly increases versatility for vacuum leak detection and improves production throughput.     more Blackmer SNP Pumps Are Designed to Unload Raw Materials From Railcars Nov. 17, 2008 Blackmer, a global leader in positive displacement rotary vane, eccentric disc, peristaltic hose and centrifugal pump technologies, announced that its SNP Sliding Vane Pumps are designed to efficiently unload railcars of various raw materials used in the soap and detergents manufacturing process.     more Allimand starts-up a vacuum unit on the PM2 at the Abhishek Mill (Trident group) in India Nov. 12, 2008     more Quittkat new director of Gardner Denver Nash. Oct. 24, 2008 Jörg Quittkat (43) was appointed the new Director, Engineered Products Europe of Gardner Denver Nash.     more Turbomolecular Pumps TURBOVAC SL Cologne, Germany, Sept. 29, 2008 - Oerlikon Leybold Vacuum GmbH, a leading supplier of advanced vacuum systems for use in manufacturing and analytical processes, introduces the TURBOVAC SL, a new line of high-reliability mechanical turbomolecular vacuum pumps designed for industrial, instrumentation and research and development applications.    more GEA Jet Pump representation in Great Britain moves to new premises Sept. 2008 - In order to provide a more integrated and comprehensive service to the customers for both plant engineering and After Sales service, the GEA Niro division of GEA Process Engineering Ltd in United Kingdom will relocate to the newly expanded facility in Warrington, following the closure of the Abingdon office. Kindly note that as a result of this reorganisation from 1st October 2008 the contact details are changing: New Address: GEA Process Engineering Ltd, GEA Niro, Leacroft House, Leacroft Road, Birchwood, Warrington, Cheshire, WA3 6JF The main switchboard number will now be: 01925 812650 Advanced sputtering tool for research into piezoelectric and pyroelectric transducers, and PEC cells for the hydrogen economy Newhaven, UK and Bucharest, Romania, August 12, 2008 --- Romania's National Institute of Materials Physics (NIMP) has ordered an advanced sputtering tool from Surrey NanoSystems, to support fundamental research into oxide materials including piezoelectric and pyroelectric thin films, and photoelectrochemical cells to support the hydrogen economy.    more Mechel Announces an Accident at Its Southern Kuzbass OAO Subsidiary’s Lenin Mine Mezhdurechensk, Russia – July 29, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that a flash of methane has occurred at its Southern Kuzbass OAO coal subsidiary’s Lenin Mine. At the moment of the flash, in-seam degasification was being performed by means of a surface vacuum-pump station and a continuous feed of nitrogen with an inert foam to the face mined-out area through the nitrogen feeding pipes from the underground gasifier along the belt and air headings.    more vacuum pumps supplied for North Korean nuclear facility Tokyo Vacuum, a machinery maker, and trading company Nakano Corp. were searched by police in connection with an information provided by the International Atomic Energy Agency to Japan and on suspicion they helped supply to North Korea vacuum equipment that can be used in uranium enrichment as the IAEA found in a 2007 inspection,... the Yomiuri newspaper said.    more WebSentry Process Monitor and Datalogging System Gardner Denver Nash is pleased to introduce the WebSentry process monitor and datalogging system. WebSentry is an affordable predictive maintenance and failure prevention tool that enhances vacuum system efficiency and increases uptime, leading to improved profitability.    more Gardner Denver, Inc. Reports for the First Quarter of 2008 Strong Orders, Revenues, and Earnings for the First Quarter of 2008    more Investments to expand the Company's manufacturing capacity for compressor and vacuum products in China,   more Gardner Denver remains focused on pursuing potential strategic acquisitions. "Despite the continued disruption in the financial markets, we feel Gardner Denver is well positioned to evaluate, finance, and integrate future transactions," said Ross J. Centanni, Gardner Denver's Executive Chairman. "Currently, we believe industrial machinery and pump acquisition opportunities are the best they have been in the last 18 to 24 months."    more Pfeiffer Vacuum HiPace™ Turbopumps Asslar, Germany - April 1, 2008 Pfeiffer Vacuum has brought to market a new line of compact yet powerful turbopumps under the name, HiPace. These pace-setters range from pumping speeds of 10 to 700 liters per second.    more Gardner Denver Nash fulfills large order for Saudi Kayan Mar. 25, 2008 Gardner Denver Nash Korea was recently awarded a project with Saudi Kayan, through Daelim, for fifty six vacuum systems to be used in a polycarbonate production plant.     more Vacuum system for Composites applications launched at JEC 2008 Mar. 19, 2008 An enhanced vacuum system designed specifically for composites applications such as resin infusion, pre-preg and vacuum bagging will be introduced into European markets at JEC 2008.     more NASH AT3006 Two Stage Vacuum Pump Released Mar. 18, 2008 Gardner Denver Nash (GDN) has introduced the new AT3006 liquid ring vacuum pump. The AT3006 offers higher operating efficiency than the AT3004,     more Practical Vacuum and Semiconductor Processing Birmingham, UK - February 13-14, 2008 Gardner Denver, Inc. Reports Record Revenues and Earnings for 2007 QUINCY, Ill., Feb 7, 2008 Gardner Denver, Inc. (NYSE: GDI) announced that revenues and net income for the three months ended December 31, 2007 were $510.3 million and $63.9 million, respectively. For the twelve-month period of 2007, revenues and net income were $1.9 billion and $205.1 million, respectively.    more Angstrom Sciences, Inc. Awarded Patent Pittsburgh, PA, February 4, 2008 The United States Patent and Trademark Office has issued Patent Number 7,223,322 to Angstrom Sciences, Inc. of Duquesne, Pennsylvania. The patent covers the invention of a moving magnetic/cathode arrangement and method for use in magnetron sputtering thin film deposition.    more Angstrom Sciences, Inc. celebrates its 20th Anniversary in 2008 Pittsburgh, PA, January 28, 2008 The company was founded in June, 1988 near Pittsburgh, PA by current President, Mark A. Bernick. Angstrom Sciences has since grown into a worldwide leader in the design, development, and manufacturing of thin film deposition magnetron sputtering cathodes - a technology utilized in advanced coating industries such as aerospace and defense, architectural glass, display, semiconductor, and solar,..    more New turbomolecular pump for compact, efficient vacuum systems Crawley, UK, January 21, 2008 Leading manufacturer of vacuum equipment for scientific applications, Edwards, has launched a new pump for laboratory vacuum systems. The EXT406PX allows a customer to build cost-effective, compact vacuum systems, capable of withstanding high backing pressures even with continuous gas loads at the main inlet, and not just at ultimate vacuum.    more new AVEM 2009 Buyers Guide for the Vacuum Industry Nov., 2008 This resource guide highlights the products and services offered by AVEM member companies, which range from systems to pumps to instrumentation to hardware and deposition components.     download new MULTI-MASS™ leak detection systems Nov., 2008 MULTI-MASS™ LEAK DETECTION SYSTEMS VACC Limited announces a new line of mass spectrometer based leak detectors, called the Multi-Mass™ Leak Detection System. Multi-Mass™ leak detectors employ quadrupole mass spectrometers giving them the ability to detect any gas or gas mixture. This greatly increases versatility for vacuum leak detection and improves production throughput. Multi-Mass™ leak detection systems are available with customized test sequences and chamber sizes to accommodate a wide range of product sizes while simplifying operation, minimizing operator error and improving production efficiency. Until now, single gas leak detectors have limited production lines to one tracer gas, with Helium being the most popular gas of choice. This forces product lines with different fill gases to have multiple leak detectors. The alternative is additional test steps on the production line to fill the product with tracer gas, then pump it out and replace it with the final fill gas. VACC’s Multi-Mass™ leak detector detects any fill gas or gas mix, giving the advantage of direct testing with a minimum number of steps. VACC’s innovative technology also achieves sensitivity unavailable in any other production leak detector. Leak rates as low as E-13 cc/s, Helium equivalent, are achievable using VACC’s proprietary technology. VACC LIMITED - www.vacclimited.com - 3748 Via Baldona, 92056 Oceanside, USA Dr Peter C Lukens, President, email: info@vacclimited.com, Tel. 800-910-1767, Fax 425-940-6098 Blackmer SNP Pumps Are Designed to Unload Raw Materials From Railcars Nov., 2008 Blackmer, a global leader in positive displacement rotary vane, eccentric disc, peristaltic hose and centrifugal pump technologies, announced that its SNP Sliding Vane Pumps are designed to efficiently unload railcars of various raw materials used in the soap and detergents manufacturing process. Ingredients such as vegetable oils, coconut oils, tallow, crude glycerins, builders, additives, surfactants, caustic fluids, and many others, are easily transferred from a railcar into the plant by the use of a SNP Sliding Vane Pump. Due to its unique design, stainless steel SNP pumps can pull exceptional vacuum making them ideal for line stripping, tank clearing and top or bottom unloading applications. SNP pumps can handle viscosities in excess of 4,250 Cs (20,000 SSU). With capacities from 2 to 265 gpm (8 to 1,003 lpm), the complete line is available in 1 1/4, 1 1/2, 2, 2 1/2 and 3-inch port sizes. In addition to railcar unloading applications, SNP pumps can be used for numerous in-plant soap and detergents manufacturing applications. The vane technology principles of the SNP pump ensure superior performance even after significant in-service time, eliminating efficiency-robbing “slip” that may occur with other pump technologies. Standard SNP pumps are constructed with self-lubricating sleeve bearings and PTFE impregnated shaft packing, as well as removable drain plugs for complete self-drainage. Options for models through 2 1/2-inch port size include jacketed heads (SNPJ) for circulation of steam or hot oil when handling viscous fluids and removable 2-way relief value which permits either back-to-tank or internal bypassing. About Blackmer Blackmer is a global leader in the design and manufacture of high quality flow technologies, including peristaltic hose, eccentric disc and rotary vane positive displacement pumps, centrifugal pumps, screw compressors, air elimination systems and sliding vane and reciprocating compressors for the transfer of liquid and gas products. Blackmer pumps and compressors are used worldwide in a variety of industries including LPG, Chemical and Industrial Processing, Energy, Food & Sanitary, Military/Marine and Mobile Transport. Blackmer is part of Dover Corporation’s Pump Solutions Group. contact: Blackmer - 1809 Century Avenue SW, Grand Rapids, MI 49503-1530, USA Tel. +1 616-241-1611, Fax +1 616-241-3752 Allimand starts-up a vacuum unit on the PM2 at the Abhishek Mill (Trident group) in India Ecully, Nov. 12, 2008 ALLIMAND has just successfully started-up the PM2 at the ABHISHEK Paper Mill, of the TRIDENT group. The PM2 produces 400 tonnes of printing and writing paper per day, 45 -110 g/m2, and has a wheat straw pulp based stock, a wire width of 5 100 mm and runs at 800m/min. In order to optimise the running of this paper machine, ABHISHEK took on the vacuum unit also proposed by ALLIMAND. This unit is based on 8 main water ring vacuum pumps and one spare pump installed and connected to the system in “standby” mode. Only 2 pump types were necessary to ensure the various flows and vacuum levels required by the machine, thanks to their extended range of speeds and use of split tubing in order to operate by half-pump modules. These types are VG 54 and VG 59 pumps (with a capacity of 100 to 200 m3/min) made entirely by ALLIMAND. The foundry came from ALLIMAND’S subsidiary, SAFEM in Angoulême, and the machining and erection were carried out by ALLIMAND in their workshop in Rives. Each pump was subjected to a testing process, again in the ALLIMAND workshop. Before shipment, the performance of the pumps was also controlled at the real operation speed and the angular adjustment optimised. A test report for each pump was created. The vacuum unit also consists of 4 blowers and main separators made entirely of stainless steel in the wet end. On the ABHISHEK site, the possibility of installing the motors over the pumps frees space on the floor and therefore benefits circulation and access for maintenance work. ALLIMAND also assisted the client in designing the vacuum system, its dimensioning and the selection of necessary equipment. The machine start-up was carried out in excellent conditions. contact: ACTUS - Bureaux de Chalin - 20, chemin Louis Chirpaz, 69130 Ecully, France Amalia Naveira, email : anaveira@actus.fr, Tel. + 33 (0)4 72 18 04 97 Quittkat new director of Gardner Denver Nash Nürnberg, Oct. 24, 2008 Dipl.-Ing. Jörg Quittkat holds a degree in Mechanical Engineering. For many years, he held several leadership positions in the aviation industry and the automotive supplier industry. After acting as Quality Manager and as Sales Manager, he was successful for several years as Plant Manager for international working locations in Germany. In his position as Director, Engineered Products Europe, Jörg Quittkat is also the Managing Director of Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH and is responsible for the affiliated sales organizations in Europe, Africa and the Middle East. Gardner Denver Nash - www.gd-nash.com Turbomolecular Pumps TURBOVAC SL Cologne, Germany - Sept. 29, 2008 Oerlikon Leybold Vacuum GmbH, a leading supplier of advanced vacuum systems for use in manufacturing and analytical processes, introduces the TURBOVAC SL, a new line of high-reliability mechanical turbomolecular vacuum pumps designed for industrial, instrumentation and research and development applications. The New Premium Line. TURBOVAC SL (Brochure, pdf-file) TURBOVAC SL (Techn. Data, pdf-file) The TURBOVAC SL 80, SL 300 and SL 700 offer extreme reliability and durability under the most demanding operating conditions. Built on proven, stress-tested designs, these new pumps provide outstanding vacuum performance as well as ease of operation and incorporation into customer equipment. The new TURBOVAC SL line features: Ceramic ball bearings that provide extreme durability under a wide range of operating conditions Oerlikon Leybold Vacuum's unique rotor design, which includes the industry's most precise blade configuration The ability to be mounted in virtually any position or at any angle, allowing the highest flexibility for incorporation into customer systems A novel sealing system that offers the highest resistance to mechanical and thermal shock Smart electronic and diagnostic controls A newly designed space-saving housing The TURBOVAC SL systems underwent rigorous trials during the design process, including testing in a 120-meter drop tower at a German research institute. Experimental pods with onboard vacuum chambers were dropped from the top of the tower as part of the institute's research into microgravity environments; the pods experienced forces up to 50 times normal gravity (50g). A TURBOVAC SL pump performed flawlessly during hundreds of these experiments. TURBOVAC SL pumps are equipped with a wide variety of data interfaces - RS232, 485, Ethernet, profibus, or 24V - making networking, communication and digital control easier to implement. Onboard electronics minimize external wiring and connections, and the compact pumps can be installed in any orientation, including upside down and sideways. They are particularly well suited for leak detection, mass spectrometers, electron microscopes and high vacuum chambers in industrial, instrumentation and research and development applications. Oerlikon Leybold Vacuum GmbH - Bonner Str. 498, 50968 Cologne, Germany Christina Steigler, Marketing & Communications, Tel. +49 221 347 1261, Fax +49 221 347 1083 Advanced sputtering tool will help leading laboratory's research into piezoelectric and pyroelectric transducers, and PEC cells for the hydrogen economy Newhaven, UK and Bucharest, Romania, August 12, 2008 Romania's National Institute of Materials Physics (NIMP) has ordered an advanced sputtering tool from Surrey NanoSystems, to support fundamental research into oxide materials including piezoelectric and pyroelectric thin films, and photoelectrochemical cells to support the hydrogen economy. NIMP chose a configuration of Surrey NanoSystems' Gamma tool, an advanced PVD (plasma vapour deposition) sputtering system. The technical decision was made primarily because of the tool's very high quality of thin film deposition and flexibility of application. The tool will be used by researchers in NIMP's Laboratory of Ceramic Oxidic Materials. Among the applications being researched by the laboratory are piezoelectric and pyroelectric thin films, temperature sensors and photoelectrochemical (PEC) cells to support hydrogen production by means of water splitting. The latter application is a promising technique to accelerate the development of a hydrogen economy, and NIMP is exploring a number of ideas related to the manufacture of electrodes for PEC cells that can split water with high efficiency, yet be manufactured from low-cost materials and offer the durability required for consumer applications. Among the key specifications for NIMP is the Gamma tool's very high vacuum capability of 5 x 10-9 Torr, which is as much as two orders of magnitude higher than some other commercially available sputtering systems, as this provides an exceptionally pure environment to aid uniform film deposition. This is supported by an optical heating facility to pre-treat substrates by driving off moisture. Surrey NanoSystems is additionally fitting the tool with a brand new reactive gas control system. Instead of a conventional DC pulse controlled process, the Gamma tool will use optical emission spectroscopy to control a high performance gas injection system, providing NIMP researchers with additional fine control over the characteristics and quality of film deposition. Features included to support flexibility of application include the ability to configure the system to support up to four sputtering target materials. This makes it possible to deposit a very broad variety of thin films including metallic films (platinum, titanium and aluminium), ceramic oxides (PZT, BaTiO3), oxide films (TiO2, Al2O3, Fe2O3), as well as seeding layers to obtain highly textured surfaces. The Gamma tool is also able to deposit films at high temperatures — up to 800 degrees C — and anneal materials without breaking the vacuum. "The Gamma tool is highly configurable, and it allowed us to install all the key facilities we need to support our laboratory's work," says Marius-Cristian Cioangher of NIMP. "Flexibility of set up and control is another important aspect of the tool, and Gamma's graphical MIMIC-style display makes it easy to create and refine application-specific processing recipes." Surrey NanoSystems - www.surreynanosystems.com - Euro Business Park, Building 24, Newhaven, BN9 0DQ, UK Mechel Announces an Accident at Its Southern Kuzbass OAO Subsidiary’s Lenin Mine Mezhdurechensk, Russia – July 29, 2008 Mezhdurechensk, Russia – July 29, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that a flash of methane has occurred at its Southern Kuzbass OAO coal subsidiary’s Lenin Mine. Today at 11:03 a.m. local time (7:03 a.m. Moscow time), a flash of methane occurred at Southern Kuzbass OAO’s Lenin Mine (Mezhdurechensk, Kemerovo Region), while repair work was being performed at the depth of 310 meters. At that time, 41 miners were in the flash area. All of them safely rose to the mine’s surface. As of 2:30 p.m. local time 17 miners were being treated for burns at local hospitals. The production area is equipped with modern mining and face equipment. At the moment of the flash, in-seam degasification was being performed by means of a surface vacuum-pump station and a continuous feed of nitrogen with an inert foam to the face mined-out area through the nitrogen feeding pipes from the underground gasifier along the belt and air headings. “Operations are currently being carried out to eliminate the accident’s after-effects according to the approved emergency plan. All mining operations at the mine have been suspended. Mechel OAO CEO Igor Zyuzin and Mechel Mining OAO CEO Igor Khafizov traveled to the place of the accident,” Mechel Management OOO Chief Executive Officer Vladimir Polin commented. Mechel OAO - Ilya Zhitomirsky, Tel. + 7 495 221 88 88, e-mail: ilya.zhitomirsky@mechel.com www.mechel.com vacuum pumps supplied for North Korean nuclear facility June 12, 2008 Tokyo Vacuum, a machinery maker, and trading company Nakano Corp. were searched by police this month on suspicion they helped supply equipment to North Korea that can be used in uranium enrichment, the Yomiuri newspaper said. The two companies, both closely held, exported 10 vacuum pumps to a Taiwan trading company in 2003, the report said, citing an unidentified person involved in the investigation. The pumps were found at a North Korean nuclear facility last year when the International Atomic Energy Agency inspected the site, the newspaper said. Japanese companies need government approval to export equipment that has potential military application, the report said. www.tokyo-vacuum.co.jp Gardner Denver Nash introduces the WebSentry Process Monitor and Datalogging System June 5, 2008 Gardner Denver Nash is pleased to introduce the WebSentry process monitor and datalogging system. WebSentry is an affordable predictive maintenance and failure prevention tool that enhances vacuum system efficiency and increases uptime, leading to improved profitability. WebSentry allows the user to simply and securely monitor equipment, using a PC located anywhere in the world, through a standard web browser. No programming or special software is required. Alarm parameters can be set through the web browser and the messages will be sent to pertinent recipients via email alerts and text messages. Gardner Denver Nash service technicians can provide their expertise to identify the critical parameters in your specific process, configure system parameters, and remotely troubleshoot an alarm condition. Contact Gardner Denver Nash for more information on how WebSentry can help improve your system's performance, reduce unscheduled downtime and keep your process running efficiently. Click here to download WebSentry Process Monitor and Datalogging System Brochure Gardner Denver Nash - www.GDNash.com - 9 Trefoil Dr., Trumbull, CT 06611 USA Amy Harold, Marketing Specialist, Tel. +1 203-459-3839, +1 800-553-NASH Gardner Denver, Inc. Reports for the First Quarter of 2008 QUINCY, Ill., Apr 23, 2008 Gardner Denver, Inc. (NYSE: GDI) announced that revenues and net income for the three months ended March 31, 2008 were $495.7 million and $50.9 million, respectively. Diluted earnings per share ("DEPS") for the three-month period were $0.95, 19 percent higher than the comparable period of 2007. The Company's DEPS improvement for the three months ended March 31, 2008 was primarily attributable to organic revenue growth, operational improvements, including benefits from cost reduction efforts, favorable changes in foreign currency exchange rates, and a lower effective tax rate. Cash provided by operating activities exceeded $65 million in the three-month period of 2008, the highest level posted in the first quarter by the Company. The Company used this cash primarily to repurchase approximately 1.2 million shares of its common stock during the quarter at a total cost of $44.1 million. As of March 31, 2008, debt to total capital was 19.4 percent. Review of Results "Gardner Denver's strong performance in the first quarter of 2008 was the result of continued demand from nearly all of the industrial end market segments and geographies we serve," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "Our customers continue to make investments in their businesses to meet the demand from their end users. During the quarter, the Company's manufacturing teams met the increased demand with outstanding execution, as reflected in our strong shipments compared with the first quarter of 2007. "We remain cautious in our outlook about the possibility of a potential slowing of global economic growth and, in particular, about the uncertainty of the relative strength of the U.S. economy. However, the demand that we experienced in the first quarter was broad based and exceeded our expectations. For the first three months of 2008, compared to 2007, revenues increased 12 percent, reflecting strong organic growth in Europe and Asia and the favorable impact of foreign currency exchange rates," said Mr. Pennypacker. "As expected, changes in the Company's product mix resulted in lower gross profit as a percentage of revenues in the first quarter of 2008, when compared to the same period of 2007, while consolidated operating income as a percentage of revenues was similar year-over-year, reflecting good controls over selling and administrative expenses. As we begin our efforts at expanding our understanding and use of lean enterprise techniques, I am excited about the opportunities we are discovering and expect to begin realizing benefits from these efforts in the second half of the year." Compressor and Vacuum Products segment revenues grew by 14 percent in the first quarter of 2008, compared to the same period of 2007. Orders increased 15 percent in the first three months of 2008, when compared with the same period of 2007, reflecting increased global demand for products used in OEM applications and engineered packages, and order growth in Europe and Asia for standard products. Favorable changes in foreign currency exchange rates also contributed to increases in revenues and orders. This segment continued to benefit from manufacturing lead time reductions and the related increases in throughput during the quarter. Compressor and Vacuum Products segment operating income(1) as a percentage of revenues (segment operating margin(1)) expanded to 11.8 percent in the first quarter of 2008, compared to 11.4 percent in the same quarter of 2007. The improvement is primarily the result of cost reductions, including the benefits of acquisition integration activities. Fluid Transfer Products segment revenues grew 8 percent in the first three months of 2008, compared to the same period of 2007, primarily due to the shipment of the second of two contracts for liquid natural gas and compressed natural gas loading arms destined for South America, partially offset by lower shipments of drilling pumps. Orders increased 39 percent in the first quarter, compared with the same period of 2007, reflecting the receipt of a large liquid natural gas loading arm order in the first quarter, which is expected to ship in early 2009, and increased demand for petroleum pumps and aftermarket parts. "As previously disclosed, Gardner Denver has been making selective investments in drilling pump inventory that is positioned to sell on short lead times. During the first quarter, this investment resulted in our ability to book and ship several pump orders," said Mr. Pennypacker. "The higher order activity also resulted in a higher drilling pump backlog at the end of the first quarter of 2008, compared to the fourth quarter of 2007. We expect to work through this backlog during the second quarter. We are maintaining our cautious outlook for petroleum pumps for the second half of 2008." Fluid Transfer Products segment operating margin(1) was 27.6 percent in the first three months of 2008, compared to 28.5 percent in the same period of the prior year. The year-over-year decrease in segment operating margin was expected and reflects reduced drilling pump shipments, one of the Company's more profitable product lines. The significant loading arm shipment in the first quarter and incremental well servicing pump volume somewhat offset the decline in drilling pump shipments, since these products generate operating margins in excess of the Fluid Transfer Products segment average. Outlook "We continue to expect global economic growth to slow for the remainder of 2008, although demand in Europe and Asia may remain strong later into the year than previously expected. Compressor and Vacuum Products orders in the first quarter were outstanding, reflecting broad demand for standard products, OEM applications, and engineered products, which we expect to continue through the second quarter. In the second half of 2008, we anticipate that the rate of growth will slow. Given that Compressor and Vacuum Products backlog grew, compared to December 31, 2007, despite the continuing reduction in past due orders, we are slightly more optimistic in our outlook than in early February. We expect shipments to remain strong through the end of the third quarter and are cautiously optimistic for the fourth quarter of 2008," said Mr. Pennypacker. "In the first quarter, orders for drilling and production pumps and related aftermarket parts exceeded shipments, increasing backlog for these products slightly. Looking forward, despite recent increases in oil and gas prices, we expect that the rig count will remain steady in North America and that demand for drilling pumps in the U.S. will continue to decline throughout 2008. Nevertheless, international quotations and product availability are expected to continue to result in some opportunities. In addition, our previous investments in capital to expand our aftermarket presence for well servicing pumps are now coming on-line. "Based on our current economic outlook, existing backlog, and the expected benefit of operational improvements from completed integration projects, we are raising our full-year 2008 DEPS outlook range to $3.65 to $3.75, with second quarter DEPS expected to be $0.88 to $0.92," said Mr. Pennypacker. The midpoint of the DEPS range for the second quarter of 2008 ($0.90) represents an 8 percent increase from the same period of 2007. The midpoint of the DEPS range for the full-year 2008 ($3.70) represents a $0.10 DEPS (3 percent) decrease from the 2007 results. The financial results in 2007 included $19.5 million of non-recurring reductions in the tax provision, which benefited DEPS by $0.36 for the year. The DEPS outlook range for the full-year 2008 assumes 53.1 million diluted weighted average shares are outstanding in 2008, compared to 54.0 million in 2007, as a result of the anticipated completion of the Company's share repurchase program in 2008. The effective tax rate assumed in the DEPS guidance for 2008 is 28 percent. The income before income taxes implied by the midpoint of the DEPS range for 2008 reflects a 2 percent increase from the amount realized in 2007, despite the decline in drilling pump volume. The Company invested approximately $9.6 million in capital expenditures during the first three months of 2008, compared to $8.3 million in the comparable period of 2007. Depreciation and amortization expense was approximately $14.9 million in the first quarter of 2008, compared to $14.2 million in the same period of 2007. For the full-year 2008, the Company expects capital spending to be approximately $45 million to $50 million, including investments to expand the Company's manufacturing capacity for compressor and vacuum products in China in the second half of the year. The Company also remains focused on pursuing potential strategic acquisitions. "Despite the continued disruption in the financial markets, we feel Gardner Denver is well positioned to evaluate, finance, and integrate future transactions," said Ross J. Centanni, Gardner Denver's Executive Chairman. "Currently, we believe industrial machinery and pump acquisition opportunities are the best they have been in the last 18 to 24 months." First Quarter Results Revenues increased $54.3 million (12 percent) to $495.7 million for the three months ended March 31, 2008, compared to the same period of 2007. Compressor and Vacuum Products segment revenues increased 14 percent for the first three months of 2008, compared to the same period of the previous year, driven by organic volume growth in nearly all product lines and geographic regions and favorable changes in foreign currency exchange rates. Fluid Transfer Products segment revenues increased 8 percent for the three months ended March 31, 2008, compared to the same period of 2007, primarily resulting from increased volume in loading arms, well servicing pumps, and fuel systems, and favorable changes in foreign currency exchange rates, partially offset by lower volume in drilling pumps (see Selected Financial Data Schedule). Compressor and Vacuum Products orders of $421.5 million for the three-month period ended March 31, 2008 were $54.0 million (15 percent) higher than the same period of the previous year due to organic growth and favorable changes in foreign currency exchange rates. Backlog for Compressor and Vacuum Products increased 25 percent since March 31, 2007 and nearly 13 percent since December 31, 2007. Fluid Transfer Products orders of $103.4 million for the three months ended March 31, 2008 were $28.8 million (39 percent) higher than the same period of the previous year due to a large liquid natural gas loading arm order, which is scheduled for delivery in early 2009, increased demand for drilling and production pumps, and favorable changes in foreign currency exchange rates. As of March 31, 2008, backlog for Fluid Transfer Products was approximately 20 percent less than the level as of March 31, 2007, primarily due to declining demand for petroleum pumps, partially offset by the liquid natural gas loading arm order mentioned previously, but only 2 percent less than the level as of December 31, 2007. Gross profit increased $12.4 million (8 percent) to $161.3 million for the three months ended March 31, 2008, compared to the same period of 2007, as a result of the higher revenue. Gross profit as a percentage of revenues declined to 32.5 percent in the first three months of 2008, from 33.7 percent in the same period of 2007, due primarily to product mix, partially offset by operational improvements and leveraging fixed and semi-fixed costs over additional sales volume. As a percentage of revenues, selling and administrative expenses improved to 17.2 percent for the three-month period ended March 31, 2008, compared to 18.4 percent for the same period of 2007, as a result of cost control initiatives and leveraging revenue growth. Selling and administrative expenses increased $4.4 million in the three-month period ended March 31, 2008, as compared to the same period of the previous year, to $85.4 million, due to the unfavorable impact of changes in foreign currency exchange rates (approximately $4.8 million). Inflationary increases were more than offset by cost reductions realized through integration initiatives and lower stock-based compensation expense. Overall, the Company's effective tax rate was reduced primarily as a result of the lower tax rate in Germany, which became effective on January 1, 2008. The Company's effective tax rate was 28 percent for the three-month period of 2008, compared to 31 percent for the three-month period of 2007. Net income for the first three months of 2008 increased $8.0 million (19 percent) to $50.9 million, compared to $42.8 million in same period of 2007, due to revenue growth, cost reductions, reduced interest expense, favorable changes in foreign currency exchange rates, and a lower effective tax rate. DEPS for the three months ended March 31, 2008 were $0.95, 19 percent higher than the comparable period of the previous year. download the press release For more information contact: Gardner Denver, Inc. - www.gardnerdenver.com - 20 Florence Avenue Batavia, NY 14020, USA Christian E. Rothe,Director, Strategic Planning and Development of Gardner Denver, Inc., Tel. +1-217-228-8224 Pfeiffer Vacuum HiPace™ Turbopumpen Asslar, Germany, April 1, 2008 The HiPace™ Innovation - Picking Up the Pace in Vacuum Technology! Compact, powerful turbopumps. Pfeiffer Vacuum has brought to market a new line of compact yet powerful turbopumps under the name, HiPace. These pace-setters range from pumping speeds of 10 to 700 liters per second. The pumps are characterized by their high cost-effectiveness and their flexibility in all installation orientations. The improved rotor design gives both, high pumping speeds and high gas throughputs, coupled with very good compression for light gases. In addition to analytical, vacuum-process and semiconductor technology, their broad range of applications also includes coating, research & development and industrial applications. New drive electronics. Optimal integration. The integrated HiPace drive electronics reduce the need for cumbersome and costly cabling. Moreover, a variety of drive versions, including Profibus and DeviceNet, are available without any increase in physical size. The use of innovative materials has doubled the service life of the drives. And runup time has also been reduced. This means that the pumps are now able to go into service even faster. Remote and sensor functionalities allow analysis of pump data, such as temperatures. The functional aluminum housings make these pumps extremely light in weight. A sealing gas connection safeguards the bearings against particulate matter or oxidizing gases. This translates high reliability in both light duty and harsh duty applications. And their quiet operation and improved gas loads are setting new standards. The HiPace turbopumps are also available in corrosive-gas versions. Pfeiffer Vacuum GmbH - www.pfeiffer-vacuum.com Sabine Trylat, Public Relations, email: Sabine.Trylat@pfeiffer-vacuum.de, Tel. +49 (0) 6441 802-169, Fax +49 (0) 6441 802-883 Gardner Denver Nash fulfills large order for Saudi Kayan March 25, 2008 Since the 1960's, South Korea has had one of the fastest economic developments and it is now the third largest economy in Asia and the twelfth largest economy in the world. Major investments for South Korea’s expanding chemical and petrochemical industry have been at a high level for the past two years. These expansions, combined with Gardner Denver Nash’s expertise and history of success, have resulted in the doubling of our business in Korea since 2005. In Gardner Denver Nash Korea Ltd, in Seoul, Korea, an enthusiastic team of sales and application engineers, supported by project engineers and designers, are processing chemical industry orders for Korea. They also provide technical support for manufacturing these package in Korea. Most of us know Samsung, Daewoo and Hyundai for their electronics or cars. These huge conglomerates also have large engineering offices which deal with major chemical and petrochemical projects globally. Daelim and Samsung are involved in the engineering and construction of a polycarbonate plant for Saudi Kayan Petrochemical. This is part of an overall $10 billion investment by Saudi Kayan in a huge chemical complex in Al-Jubail, Saudi Arabia. The complex is comprised of seven individual chemical plants producing numerous plastics and intermediate chemicals. Gardner Denver Nash Korea was recently awarded a project with Saudi Kayan, through Daelim, for fifty six vacuum systems to be used in a polycarbonate production plant. The pumps will be supplied by Gardner Denver Nash Brazil and the packages will be built by Gardner Denver Nash Korea's sub-suppliers. This is one of the largest orders for Gardner Denver Nash ever! Gardner Denver Nash - www.GDNash.com - 9 Trefoil Dr., Trumbull, CT 06611 USA Amy Harold, Marketing Specialist, Tel. +1 203-459-3839, +1 800-553-NASH Vacuum system for Composites applications launched at JEC Composites 2008 Paris, March 19 2008 An enhanced vacuum system designed specifically for composites applications such as resin infusion, pre-preg and vacuum bagging will be introduced into European markets at JEC 2008. The Vacmobile 20/2 machine is a complete “out-of-the-box” vacuum system which integrates a resin trap and a rugged control manifold with a heavy duty single phase vacuum pump. The machine is shown here infusing the composite airframe of the Falcomposite “Furio” light plane. First introduced to the American composites industry in late 2006, the machine has been proven in a variety of composites manufacturing applications ranging in size from motorcycle and light aircraft parts through to the manufacture of large resin infused boat hulls and wind turbine blades. One boat builder, using the pre-preg process to build ultra-competitive race yachts, has taken delivery of ten 20/2 machines in the past 3 months, lifting their total Vacmobile fleet to 15. Having access to multiple Vacmobiles has allowed much greater operating flexibility while delivering better vacuum in the bag than the large central vacuum system previously used. When working to a very tight construction schedule, being able to vacuum down multiple components simultaneously without compromising vacuum quality on any part has proven to be a significant advantage. The Vacmobile 20/2 vacuum system will be displayed by Vacmobiles Europe on stand W54 during the JEC PAris to be held from April 1 to 3, 2008. Also on display will be an enhanced resin trap which may alternatively be used to supply degassed resin from a partial vacuum. As a resin trap, the benefits are the large 11 litre resin catching capacity, the reduced cleaning requirement and the visibility of the trap contents. When used as a resin degas pot operated at partial vacuum, exceptionally high quality, low void content resin infused laminates may be manufactured. For visitors new to the resin infusion process, Vacmobile Europe will be running simulated resin infusions on a continuous basis throughout the show. This display will be accompanied by a cut-away example of a typical infusion lay-up. JEC Composites Show in Paris, Europe - April 1-2-3, 2008 www.jeccomposites.com NASH AT3006 Two Stage Vacuum Pump Released March 18, 2008 Gardner Denver Nash (GDN) has introduced the new AT3006 liquid ring vacuum pump. The AT3006 offers higher operating efficiency than the AT3004, and with today's energy costs, efficiency is an important factor for our customers. Consider these facts: - The power industry in North America is still focused on large coal plants - Natural gas prices have risen by a factor of four in the past three years - The resurgence of nuclear power in North America and globally will increase demand for an AT3006E size exhauster package Based on these needs, the AT3006 vacuum pump was created. A trial pump was built and tested at a Gardner Denver Nash facility. The test results showed an increase in dry air capacity of up to 25% in the high vacuum range without an increase in power usage. The NASH AT3006 vacuum pump can be ordered immediately. Gardner Denver Nash - www.GDNash.com - 9 Trefoil Dr., Trumbull, CT 06611 USA Amy Harold, Marketing Specialist, Tel. +1 203-459-3839, +1 800-553-NASH Gardner Denver, Inc. Reports Record Revenues and Earnings for 2007 QUINCY, Ill., Feb 7, 2008 Compared to the fourth quarter of 2006: - Revenues increased 16 percent - Operating income grew 31 percent - Net income increased 71 percent - Diluted earnings per share increased 69 percent Company raises 2008 full-year DEPS outlook range to $3.20 to $3.40 Cash provided by operating activities exceeded $181 million in the twelve-month period of 2007, compared to $167 million in the same period of 2006 Gardner Denver, Inc. (NYSE: GDI) announced that revenues and net income for the three months ended December 31, 2007 were $510.3 million and $63.9 million, respectively. For the twelve-month period of 2007, revenues and net income were $1.9 billion and $205.1 million, respectively. Diluted earnings per share ("DEPS") for the three months ended December 31, 2007 were $1.18, 69 percent higher than the comparable period of 2006. For the twelve-month period of 2007, DEPS were $3.80, 53 percent higher than the comparable period of the previous year. Results for the three-month period of 2007 included an approximately $8.4 million ($0.16 DEPS) reduction to the Company's tax provision, primarily due to foreign tax credits. Other than the reduction in the tax provision, the Company's DEPS improvement for the three months ended December 31, 2007 was primarily attributable to the incremental flow-through profitability of organic revenue growth, operational improvements, including benefits from cost reduction efforts, favorable changes in foreign currency exchange rates, and lower interest expense. Chairman's Comments Regarding Results "Gardner Denver achieved a new level of performance in 2007, attaining record results for both revenues and earnings in the fourth quarter and full year. This accomplishment reflects the Company's ongoing commitment to executing our core strategies and the unwavering dedication of our employees throughout the world," said Ross J. Centanni, Gardner Denver's Executive Chairman of the Board. "As a result, our Company has diversified into higher-growth end market segments and expanded our global presence. I remain cautious about the global repercussions of the current economic situation in the U.S., but believe that our diversification strategy will mitigate slowing growth in the industrial end market segment that is expected to occur in the United States in 2008. "For the full-year 2007, compared to 2006, revenues increased 12 percent, reflecting the benefit of strong organic growth in Europe and Asia and the favorable impact of foreign currency exchange rates. For the fourth quarter of 2007, compared to the same period of 2006, revenues increased 16 percent," said Mr. Centanni. "We have realized accelerating organic revenue growth in the Compressor and Vacuum Products segment in each quarter of 2007. As we completed our manufacturing integration projects, production throughput improved, past due backlog declined, and revenues grew. "As a result of operational improvements and leveraging our costs, operating income grew nearly twice as fast as revenues in the fourth quarter of 2007, a 31 percent increase over the same period of 2006. For the full-year 2007, operating income grew 24 percent compared to 2006, or twice the rate of revenue growth for the year. "Our Compressor and Vacuum Products segment revenues grew by 14 percent in the fourth quarter of 2007, compared to the same period of 2006. Orders increased 19 percent in the three months ended December 31, 2007, when compared with the same period of 2006, reflecting continued demand for engineered products and OEM applications on a global basis, and low-pressure and vacuum applications in Europe. Order growth for this segment accelerated sequentially in the final two quarters of 2007, reflecting strong demand in end market segments, the benefit of reducing manufacturing lead times as we completed the integration of acquired operations, and favorable changes in foreign currency exchange rates." Mr. Centanni continued, "Compressor and Vacuum Products segment operating income(1) as a percentage of revenues (segment operating margin(1)) expanded to 12.5 percent in the fourth quarter, the highest level achieved since 1998. The improvement is the result of the segment's strong flow-through profitability on organic revenue growth, cost reductions, and the benefits of acquisition integration activities. Further improvement is expected to be realized in 2008, as I am pleased to report that during the fourth quarter we substantially completed the Company's integration project in Schopfheim, Germany. This was the final significant integration project from Gardner Denver's 2005 acquisition of Thomas Industries. In 2008, these process improvements are expected to increase productivity, while reducing lead times and inventory, generating annualized incremental operating earnings of approximately $6 million. "Fluid Transfer Products segment revenues grew 25 percent in the fourth quarter of 2007, compared to the fourth quarter of 2006, primarily due to the shipment of the first of two contracts for liquid natural gas and compressed natural gas loading arms destined for South America," said Mr. Centanni. "Orders declined 28 percent in the fourth quarter, compared with the same period of 2006, reflecting decreased demand for petroleum pumps, partially offset by increased demand for loading arms and fuel systems. "Although orders for petroleum pumps have decreased since the previous year, demand in the quarter was slightly better than current backlog levels reflect. We received a significant well stimulation pump order in January of 2008 that was under negotiation at the end of 2007 and we booked and shipped an order for drilling pumps within the fourth quarter as a result of previously positioned inventory available to sell on short lead times. Quotation activity for international upstream oil and gas applications remains strong, particularly for aftermarket parts and service. Due to our competitive position and short lead times, we have been relatively successful in converting these quotes to orders in the last two quarters. Nevertheless, we are maintaining our cautious outlook for demand for petroleum pumps in the second half of 2008. "Fluid Transfer Products segment operating margin(1) was 30.2 percent in the fourth quarter, compared to 28.1 percent in the same period of the prior year, a new record for this reportable segment, despite the fact that drilling pump shipments, one of our more profitable product lines, declined. The year-over-year increase in segment operating margin(1) and the sequential increase from the third quarter of 2007 reflects the flow-through profitability of the significant loading arm shipment that occurred in the fourth quarter and the favorable impact of incremental well stimulation pump volume, since these products generate operating margin in excess of the Fluid Transfer Products segment average." Mr. Centanni continued, "For the full-year 2007, we used cash provided by operating activities to repay $125.2 million of debt, reducing debt to total capital to 20.0 percent. In addition, in 2007 the Company substantially completed the integration projects related to the Nash Elmo and Thomas Industries acquisitions. We feel we are well positioned to consider potential future strategic acquisitions." Outlook "Although we expect global economic growth to slow in 2008, we are still optimistic that orders for compressor and vacuum products will remain strong through the first half of 2008, driven by demand in Europe and Asia. Specifically, we expect to see strong demand for OEM applications and engineered products, as well as marine and European mobile applications. The rate of order growth in the second half of 2008 is expected to slow slightly, however, reflecting an anticipated downturn in the European economy's rate of growth. From a revenue perspective, we anticipate continued growth throughout 2008 as a result of the order outlook and a reduction in backlog due to the achievement of operational improvements. The Compressor and Vacuum Products segment ended 2007 with a record level of backlog, which should help drive results in 2008," said Mr. Centanni. "Our production capacity for well stimulation pumps remains sold out through the first half of 2008 and we are investing in capital equipment to expand our presence in the aftermarket for this product line. We continue to believe that demand for drilling pumps in the U.S. will continue to decline in 2008, but that international quotations and product availability will result in some opportunities. We also expect that the rig count will remain steady in North America," said Mr. Centanni. "Based on our current economic outlook, existing backlog, and the expected benefit of operational improvements from completed integration projects, we are raising our full-year 2008 DEPS outlook range to $3.20 to $3.40, with first quarter DEPS expected to be $0.75 to $0.80. This outlook includes the expected first quarter shipment of the remaining contract for liquid natural gas and compressed natural gas loading arms destined for South America and some restructuring activities in Europe and Australia to further streamline operations and reduce administrative expenses. These restructuring activities are expected to reduce DEPS for the first quarter and full year by $0.02 and $0.04, respectively. "The midpoint of the DEPS range for the first quarter of 2008 ($0.78) represents a 3 percent decrease from the same period of 2007. The midpoint of the DEPS range for the full-year 2008 ($3.30) represents a 13 percent decrease from the 2007 results, resulting primarily from non-recurring reductions in the tax provision in 2007 ($19.5 million or $0.36 DEPS). Income before income taxes is expected to decrease for the first quarter and full-year 2008, when compared with the first quarter and full-year 2007, respectively, as revenue and segment operating margin(1) increases in Compressor and Vacuum Products are expected to be more than offset by the earnings impact of reduced petroleum pump shipments. The DEPS outlook range for the full-year 2008 assumes that the diluted weighted average number of the Company's shares outstanding for 2008 and 2007 are similar, as a result of the anticipated execution of the Company's share repurchase program throughout 2008. Based on current expectations, the effective tax rate assumed in the DEPS guidance for the first quarter and full-year 2008 is 30 percent." Mr. Centanni continued, "The Company invested approximately $47.8 million in capital expenditures during 2007, compared to $41.1 million in 2006, due primarily to spending to complete acquisition integration projects. Depreciation and amortization expense was approximately $58.6 million in 2007, compared to $52.2 million in 2006. For the full-year 2008, capital spending is expected to be approximately $45 million to $50 million. The 2008 capital spending plan includes investments to expand the Company's manufacturing capacity for compressor and vacuum products in China, which are expected to occur in the second half of the year." Other Company Matters As previously announced, Mr. Barry L. Pennypacker was appointed as Gardner Denver's new President and Chief Executive Officer on January 21, 2008. Mr. Pennypacker succeeds Ross J. Centanni, who remains as the Company's Executive Chairman of the Board. "Barry has been very focused on learning more about the products and operations of the Company in his first few weeks," said Mr. Centanni. "He brings a strong background in operational excellence through lean process improvements and supply chain management to the Company. As I transition the day-to-day operational responsibilities of Gardner Denver to Barry, I will begin to focus my attention on strategic growth opportunities for the Company, including potential acquisitions." During the fourth quarter of 2007, the Board of Directors authorized a new share repurchase program to acquire up to 2.7 million shares of the Company's outstanding common stock, representing 5 percent of the Company's outstanding shares. This program replaced a previous program authorized in October 1998 that had approximately 0.4 million shares remaining for repurchase. However, since the Company was in a trading blackout for most of December, as the Board finalized the succession plan for Mr. Centanni, no shares of common stock were repurchased under the new authorization during 2007. "Subject to market conditions and other factors, we intend to begin acquiring shares in the first quarter of 2008, returning excess cash to our shareholders while also maintaining the flexibility to invest in organic growth initiatives and strategic acquisitions," said Mr. Centanni. In January 2008, Gardner Denver was included in Forbes magazine's list of the "400 Best Big Companies in America," the Company's second consecutive year of being included on the prestigious list. Forbes' selection process includes benchmarks for financial growth rates and returns as well as corporate governance and accounting standards reviews. Mr. Centanni stated, "We are honored to again be recognized by Forbes' as a member of its 'Platinum 400,' which would not have been possible without the dedication of our employees and our long-standing relationships with our customers and suppliers." Additionally, Gardner Denver was recognized among Fortune magazine's "100 Fastest Growing Companies" and Forbes magazine's list of "100 Best Mid-Cap Stocks" for 2007, both for the second consecutive year, and was named as a member of Fortune's 2007 ranking of America's 1,000 largest corporations. Revised Presentation of Operating Results The Company's presentation of its operating results reflects the reclassification of operating income and expense items previously reported in the caption "Other income, net," to "Selling and administrative expenses." Operating income and expense items previously included in "Other income, net" for the three months ended December 31, 2006 and the full-year 2006 were approximately $0.4 million and $0.7 million, respectively. Non-operating income and expense items, consisting primarily of investment income, will continue to be reported in "Other income, net." This reclassification resulted in a corresponding change in reportable segment operating income(1). The 2006 consolidated statements of operations and business segment results included in this press release have been reclassified to conform to the current presentation. The Company intends to furnish unaudited reclassified statements of operations and business segment results for each quarter of the years ended December 31, 2007 and 2006 and for the years ended December 31, 2007, 2006, and 2005 in a Securities and Exchange Commission Current Report on Form 8-K on or about February 7, 2008. Beginning in the first quarter of 2007, the Company's presentation of its operating results reflects the inclusion of depreciation and amortization expense in cost of sales and selling and administrative expenses. Total depreciation and amortization was previously reported as a separate caption in the consolidated statements of operations. The 2006 consolidated statements of operations included in this press release have been reclassified to conform to the current presentation. Depreciation expense included in cost of sales for the three and twelve-month periods ended December 31, 2006 was approximately $7.2 million and $35.8 million, respectively. For the three and twelve-month periods ended December 31, 2006, depreciation and amortization expense included in selling and administrative expenses was approximately $5.5 million and $16.4 million, respectively. Neither of these reclassifications had an effect on reported consolidated income before tax, net income, per share amounts, or net cash provided by operating activities. In connection with these reclassifications, the Company added the captions "Gross profit" and "Operating income" to its consolidated statements of operations. The Company believes that this change in presentation provides a more meaningful measure of its cost of sales and selling and administrative expenses and that gross profit and operating income are useful, widely-accepted measures of profitability and operating performance. Fourth Quarter Results Revenues increased $70.8 million (16 percent) to $510.3 million for the three months ended December 31, 2007, compared to the same period of 2006. Compressor and Vacuum Products segment revenues increased 14 percent for the three-month period of 2007, compared to the previous year, driven by organic volume growth and price increases in most product lines and regions and favorable changes in foreign currency exchange rates. Fluid Transfer Products segment revenues increased 25 percent for the three months ended December 31, 2007, compared to the same period of 2006, primarily resulting from increased volume in loading arms, fuel systems, and well servicing pumps, price increases, and favorable changes in foreign currency exchange rates, partially offset by lower volume in drilling pumps (see Selected Financial Data Schedule). Compressor and Vacuum Products orders of $391.9 million for the three-month period ended December 31, 2007 were $61.2 million (19 percent) higher than the same period of the previous year due to organic growth and favorable changes in foreign currency exchange rates. Orders for Fluid Transfer Products of $67.9 million for the three months ended December 31, 2007 were $26.9 million (28 percent) lower than the same period of the previous year due to reduced demand for drilling pumps and well stimulation pumps, somewhat offset by increased demand for loading arms and fuel systems and favorable changes in foreign currency exchange rates. Gross profit increased $19.3 million (13 percent) to $168.0 million for the three months ended December 31, 2007, compared to the same period of 2006, as a result of the higher revenue. Gross profit as a percentage of revenues declined to 32.9 percent in the three-month period ended December 31, 2007, from 33.8 percent in the same period of 2006. The year-over-year decrease in gross profit as a percentage of revenues was primarily attributable to product mix and increased depreciation, partially offset by operational improvements and leveraging fixed and semi-fixed costs over additional production volume. As a percentage of revenues, selling and administrative expenses improved to 16.2 percent for the three-month period ended December 31, 2007, compared to 18.9 percent for the same period of 2006, as a result of cost control initiatives and leveraging revenue growth. Selling and administrative expenses decreased $0.7 million in the three-month period ended December 31, 2007, as compared to the same period of 2006, to $82.4 million, despite the unfavorable impact of changes in foreign currency exchange rates (approximately $4.8 million), due to cost reductions realized through integration initiatives and lower integration costs. The three-month period of 2006 included approximate $3.0 million in severance and integration costs. Operating income increased $20.0 million (31 percent) to $85.5 million for the three months ended December 31, 2007, compared to the same period of 2006, due to the revenue growth, cost leverage, and lower integration costs. Operating income as a percentage of revenues improved to 16.8 percent in the three-month period ended December 31, 2007, from 14.9 percent in the same period of 2006. The provision for income taxes for the three months ended December 31, 2007 decreased $4.1 million (20 percent) to $16.5 million, compared to the same period of 2006, principally arising from an approximately $8.4 million reduction to the Company's tax provision, primarily due to foreign tax credits that resulted from the Company's cash repatriation efforts. Overall, the Company's effective tax rate was also reduced as a result of previously implemented tax planning initiatives. The Company's effective tax rate was 20.6 percent for the three-month period of 2007, compared to 35.6 percent for the three-month period of 2006. Net income for the three months ended December 31, 2007 increased $26.6 million (71 percent) to $63.9 million, compared to $37.3 million in same period of 2006, due to revenue growth, cost reductions, reduced interest expense, and a lower effective tax rate. DEPS for the three-month period of 2007 were $1.18, 69 percent higher than the comparable period of the previous year as a result of the increased net income. Twelve Month Results Revenues in 2007 increased $199.6 million (12 percent) to $1.9 billion, compared to $1.7 billion in 2006. This increase resulted from volume growth, price increases, and favorable changes in foreign currency exchange rates. Gross profit increased $70.6 million (13 percent) to $619.9 million in 2007, compared to 2006, as a result of the higher revenue. Gross profit as a percentage of revenues increased to 33.2 percent in 2007, compared with 32.9 percent in 2006, primarily because cost of sales in 2006 included a non-recurring charge to depreciation expense of approximately $5.5 million associated with the finalization of the fair market value of Thomas Industries' property, plant, and equipment. Declines in productivity related to acquisition integration efforts during the first half of 2007 essentially offset the benefit of cost leverage over a higher revenue base (see Selected Financial Data Schedule). As a percentage of revenues, selling and administrative expenses improved to 17.6 percent in 2007, from 18.9 percent in 2006, as a result of cost control initiatives and leveraging revenue growth. Selling and administrative expenses increased $13.4 million in 2007 to $328.4 million, due to unfavorable changes in foreign currency exchange rates ($15.8 million) and other selling and administrative expense increases, which were partially offset by cost reductions realized through integration initiatives. Selling and administrative expenses in 2006 included approximately $4.6 million in severance and integration costs and a $3.2 million non-recurring reduction to amortization expense associated with the finalization of the fair market value of Thomas Industries' amortizable intangible assets. Operating income increased $57.2 million (24 percent) to $291.5 million in 2007, compared to 2006. Operating income as a percentage of revenues improved to 15.6 percent in 2007, from 14.0 percent in 2006. The improved operating income as a percentage of revenues reflects significant leveraging of fixed and semi-fixed costs over higher revenues and cost reductions realized to date through acquisition integration initiatives. The provision for income taxes in 2007 decreased $4.5 million (7 percent) to $63.3 million, compared to 2006. The income tax impact of higher pretax income was more than offset by a lower effective tax rate for 2007 (23.6 percent) than 2006 (33.7 percent), primarily due to $10.0 million of non-cash reductions to net deferred tax liabilities related to corporate income tax rate changes in Germany, the U.K., and China, which were enacted in 2007 and will become effective in early 2008, and the previously-mentioned foreign tax credit benefit. Net income increased $72.2 million (54 percent) to $205.1 million in 2007, compared to $132.9 million in 2006. Diluted earnings per share in 2007 were $3.80, 53 percent higher than the previous year. download the press release For more information contact: Gardner Denver, Inc. - www.gardnerdenver.com - 20 Florence Avenue Batavia, NY 14020, USA Christian E. Rothe,Director, Strategic Planning and Development of Gardner Denver, Inc., Tel. +1-217-228-8224 Angstrom Sciences, Inc. Awarded Patent Pittsburgh, PA, February 4, 2008 The United States Patent and Trademark Office has issued Patent Number 7,223,322 to Angstrom Sciences, Inc. of Duquesne, Pennsylvania. The patent covers the invention of a moving magnetic/cathode arrangement and method for use in magnetron sputtering thin film deposition. Planar magnetron sputtering cathodes utilizing rotating magnetics are primarily utilized within cluster tools yielding microelectronic materials requiring the highest order of uniformity. Moving magnetics improve the thin film uniformity on a substrate compared to static magnetron sputtering cathodes. This combined with Angstrom Sciences' profiled magnet technology provides additional utilization of the process target material. The new moving magnetics can be provided to retrofit existing sputtering systems. Angstrom Sciences is the world leader in magnetron technology used to produce thin films through the sputtering process. Sputtering is used to manufacture advanced products, such as compact disks, energy efficient architectural glass, OLED technology, solar panels, flat panel displays and microelectronic devices. The company has a worldwide business presence, holds several US Patents in magnetron design, and is headquartered in Pittsburgh, PA. For more information on magnetron sputtering technology, visit Angstrom Sciences at www.angstromsciences.com Angstrom Sciences, Inc. celebrates its 20th Anniversary in 2008 Pittsburgh, PA, January 28, 2008 Angstrom Sciences, Inc. celebrates its 20th Anniversary in 2008. The company was founded in June, 1988 near Pittsburgh, PA by current President, Mark A. Bernick. Angstrom Sciences has since grown into a worldwide leader in the design, development, and manufacturing of thin film deposition magnetron sputtering cathodes - a technology utilized in advanced coating industries such as aerospace and defense, architectural glass, display, semiconductor, and solar, among others. The company holds several patents on the technical and structural features of its magnetron sputtering cathodes, which provide built-in customization capabilities, such as custom-profiled magnets arrays, adjustable target clamps, and turbulent water flow. Over time, the company's product focus has expanded a defined product portfolio into the broadest range of specialized, high-technology sputtering cathode designs and magnet array options available. Concurrent with the expansion of its product offerings, the physical structure of the company has also grown from its original office-setting into an 18,000 square foot facility complete with design staff, sales, research and development lab, manufacturing facility, assembly and quality control departments. The company currently employs more than 35 full-time staff members along with a network of more than 30 vacuum-specialized representatives and distributors from around the world. Angstrom Sciences is the world leader in magnetron technology used to produce thin films through the "sputtering" process. Sputtering is used to manufacture advanced products, such as CDs/DVDs, energy efficient architectural glass, OLED technology, solar panels, flat panel displays, and microelectronic devices. The company has a worldwide business presence and is headquartered in Duquesne, PA. For more information on magnetron sputtering technology, visit Angstrom Sciences at www.angstromsciences.com New turbomolecular pump for compact, efficient vacuum systems Crawley, UK, January 21, 2008 Leading manufacturer of vacuum equipment for scientific applications, Edwards, has launched a new pump for laboratory vacuum systems. The EXT406PX allows a customer to build cost-effective, compact vacuum systems, capable of withstanding high backing pressures even with continuous gas loads at the main inlet, and not just at ultimate vacuum. This new pump has been developed for use in combination with a backing pump of significantly smaller capacity, resulting in a vacuum system which consumes less power than comparable systems. This leads to a lower purchase cost, lower cost of ownership and reduced carbon footprint.The EXT406PX is the first pump of its kind that combines turbomolecular and drag stages with an innovative fluid dynamic stage, allowing customers to achieve the same gas flow using a smaller backing pump. It offers reliable, high-speed, low-pressure performance and is available in two ranges. The ISO and CF 160 have Nitrogen (N2) pumping speeds of 400l/s (N2) and the ISO and CF 100 have N2 pumping speeds of 310l/s (340l/s for He). It can sustain normal operation at a backing pressure of up to 17mbar.“This breakthrough in pump design is a real first in the marketplace,” says Ian Olsen, Edwards Product Manager for Scientific Turbo Pumps. “Our patented EXT406PX turbo pump means customers are able to reduce the size of the backing pump used in the system, without compromising the performance of the turbo pumped system. Resulting in a reduced vacuum package size and lower running costs.”The pump also features an optional inlet port, which, when correctly employed, can offer additional steady-state pumping speeds up to 24m3/hr-1 at a pressure up to 4mbar.The EXT406PX is supplied with a trapped o-ring seal for ISO variants or a 160 °C annealed copper gasket for the CF, both have inlet screens fitted. CSA/UL approved and easy to install, the pump has good protection against mains variation on the backing pump (and resultant backing pressure variation) and is usually driven by the ultra compact EXDC turbo controller operated from Edwards’ popular Turbo Instrument Controller (TIC). The TIC has the ability to control the complete vacuum system including the turbo pump, backing pump and up to three gauges. Edwards - Call us at: +44 (0) 8459 21 22 23

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