News Release

Parker Extends Precise Medical Seal Capability; Acquires Hi-Tech Group Companies CLEVELAND, April 4, 2008 /PRNewswire-FirstCall/ -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has acquired all of the issued and outstanding shares of the capital stock of HTR Holding Corp. and its subsidiaries, including Hi- Tech Rubber, Inc., Inland Technologies, Inc., Ventrex, Inc. and Accusil, Inc. The acquired companies operate under their own names and under the trade names Hi-Tech Group, A.C. Hoffman Engineering and Infinity Plastics. Terms of the deal were not disclosed. HTR Holding Corp. sales for its fiscal year ended December 31, 2007, on a consolidated basis, were approximately $93 million. The acquisition is expected to be accretive to earnings within its first full year of operations and its sales will be reported as part of Parker's Industrial North America segment. More...

We are an FDA registered, ISO certified firm specializing in medical device contract manufacturing and assembly, clean room medical injection molding and the design and fabrication of specialty assembly equipment for medical device manufacturers. Our corporate office and production facility is located at 3007 Bunsen Avenue in Ventura, California. Ventura is a coastal city located 60 miles north of Los Angeles and 30 miles south of Santa Barbara. Our staff has decades of experience in the design and manufacture of medical products.

Our focus is to provide a "single source" package of medical device contract manufacturing services. We offer certified class 10,000 clean room assembly as well as controlled environment and non-clean room assembly and testing. We have tight tolerance clean room medical injection molding and mold making capabilities. Our machine shop is staffed with highly skilled prototype machinists. The company has in-house resources to assist customers with part design for manufacturability. Through a stategic alliance we also offer complete printed circuit board assembly including through hole and surface mount employing state-of-the-art equipment. We coordinate product sterilization through contractors utilizing Gamma and Electron Beam irradiation as well as Ethylene Oxide gas processes.

As an adjunct to our medical device contract manufacturing services we also design and fabricate specialized equipment used in the assembly of medical devices, in-vitro diagnostics and optical components. We offer a line of solvent and ultraviolet curing adhesive dispensers and liquid filled UV light guides used for bonding plastic and metal components together. We can produce highly customized versions of this equipment for unique applications.

Contract Manufactured Medical Devices:

We source components, assemble, test and package a number of reusable and disposable devices used in a wide variety of markets including:

These products range from relatively simple tubing sets to more complicated bio-sensors to ultra-precision devices comprised of plastics, metals, electronics, and ceramics. We assemble, test and package in-vitro diagnostics where one or more reagents are employed. Our industrial lines include solvent and UV curable adhesive dispensers, UV light guides, and electro-mechanical products.

SUMMARY OF CAPABILITIES:

• Extensive experience with high volume medical and non-medical manufacturing.
• Decades of combined experience with the designing, molding, assembly, troubleshooting, and improvement of plastic components.
• Significant experience with design, operation, troubleshooting, repair, and improvement of automation.
• Significant experience with computer controlled temperature saturation test systems for temperature compensation of silicon semi-conductors (both water bath and air thermal environments).
• Keen understanding of manufacturing processes and process improvement.
• Working knowledge of flexible manufacturing systems including JIT. Ability to respond to fluctuating demand in hours and days versus weeks and months.
• Ability to in-house prototype and fabricate tooling and fixtures.
• ISO 9001 and EN46001 certified by BSI (British Standards Institute).
• QSR compliant facility with Statistical Process Control in place.
• Top rated LAN based MRP system.
• Full lot traceability and lot control.
• Ability to resolve complex technical problems with equipment, processes, raw materials, and designs.
• Ability to improve designs and processes.
• Ability to safely operate with minimum inventory for maximum flexibility in design changes.
• Ability to foresee problems with products and processes.
• Ability to design products which are easily manufacturable.
• Significant experience with design, operation, troubleshooting, repair, and improvement of automation


• Absolute commitment to delivering quality parts and assemblies on time.