AMETEK, Inc. (New York Stock Exchange)

AMETEK, Inc. (AMETEK) is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company markets its products worldwide through two operating groups: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG). EIG builds monitoring, testing, calibration and display devices for the process, aerospace, industrial and power markets. EMG is a supplier of electromechanical devices. EMG produces highly engineered electromechanical connectors for hermetic (moisture-proof) applications, specialty metals for markets, and brushless air-moving motors, blowers and heat exchangers. End markets include aerospace, defense, mass transit, medical, office products and other industrial markets.

In February 2008, the Company acquired Drake Air (Drake). Drake is a provider of heat-transfer repair services to the commercial aerospace industry. Drake is a part of EMG. In February 2008, it acquired Motion Control Group (MCG). MCG is a global manufacturer of highly customized motors and motion control solutions for the medical, life sciences, industrial automation, semiconductor and aviation markets. MCG is a part of EMG. In April 2008, the Company acquired Reading Alloys. Reading Alloys offers specialty titanium master alloys and highly engineered metal powders used in the aerospace, medical implant, military and electronics markets. Reading Alloys is a part of EMG. In June 2008, the Company acquired Vision Research, Inc. Vision Research is a manufacturer of high-speed digital imaging systems used for motion capture and analysis in numerous test and measurement applications. Vision Research is a part of EIG. In August 2008, the Company acquired the programmable power business of Xantrex Technology, Inc. (Xantrex Programmable). Xantrex Programmable offers alternating current (AC) and direct current (DC) programmable power supplies used to test electrical and electronic products. Xantrex Programmable is a part of EIG. In November 2008, the Company acquired United Kingdom-based Muirhead Aerospace Limited (Muirhead). Muirhead is a manufacturer of motion technology products and a provider of avionics repair and overhaul services for the aerospace and defense markets. Muirhead is a part of EMG.

The Company’s product introductions include CAMECA Shallow Probe LexFab 300, which utilizes a surface probing technology to improve throughput and yield in semiconductor manufacturing facilities; Chatillon TCD225 Series advanced force testing system; EDAX Orbis micro-analytical system; ORTEC Micro-Detective lightweight, high-resolution detector; Hamilton Precision Metals ultra-smooth stainless steel strips; PITTMAN slotless brushless DC servo motors; Solartron SST ultra-deepwater pressure and temperature transmitters; SPECTRO x-SORT, i-SORT and SPECTROTEST spectrometers, and Talyrond 395 surface analysis system. It has also developed Western Research Model 9000 RM, which is a compact, rugged multi-gas analyzer designed specifically for continuous emissions monitoring applications, and AMETEK 8.4-inch diameter motor blower.

Electronic Instruments Group

EIG consists of a group of differentiated businesses. EIG applies its specialized market focus and technology to manufacture instruments used for testing, monitoring, calibration and display for the process, aerospace, industrial and power markets. It has joint venture operations in Japan, China and Taiwan. During the year ended December 31, 2008, 53% of EIG’s sales were to markets outside the United States. During 2008, 65% of EIG’s sales were from instruments for process and analytical measurement and analysis. These include oxygen, moisture, combustion and liquid analyzers; emission monitors; spectrometers; mechanical and electronic pressure sensors and transmitters; radiation measurement devices; level measurement devices; precision pumping systems, and force-measurement and materials testing instrumentation. EIG’s focus is on the process industries, including oil, gas and petrochemical refining, power generation, specialty gas production, water and waste treatment, natural gas distribution and semiconductor manufacturing. AMETEK’s analytical instruments are also used for precision measurement in a number of other applications, including radiation detection for homeland Security, materials analysis, nanotechnology research, and other test and measurement applications.

Vision Research’s differentiated products include an array of high-speed digital cameras for capturing data in product characterization and motion analysis applications, including a high-speed digital camera, the Phantom v12, capable of capturing one million pictures per second. Cameca SAS (Cameca) manufactures high-end elemental analysis systems used in advanced laboratory research, semiconductor and nanotechnology applications. Cameca’s instruments measure the elemental and isotopic composition of micro or nanovolumes at the surface or below the surface of a solid object. This technology can measure atoms down to the part-per-billion level. The customer base, which is very diverse, includes semiconductor labs, semiconductor manufacturers and academic, governmental and industrial labs engaged in advanced research in nanotechnology, metals and nuclear science.

During 2008, 19% of EIG’s sales were to the power and industrial instrumentation markets. AMETEK’s Power businesses provide analytical instruments, uninterruptible power supply systems and programmable power supplies used in a variety of industrial settings. EIG designs and manufactures power measurement and recording instrumentation used by the electric power and manufacturing industries. Those products include power transducers and meters, event and transient recorders, annunciators and alarm monitoring systems used to measure, monitor and record variables in the transmission and distribution of electric power. EIG’s Solidstate Controls designs and manufactures uninterruptible power supply systems for the process and power generation industries. EIG also manufactures sensor systems for land-based gas turbines and for boilers and burners used by the utility, petrochemical, process and marine industries worldwide.

EIG’s programmable power business offers programmable AC and DC power sources. Xantrex Programmable offers programmable AC and DC power sources used to test electrical and electronic products by simulating various input voltages, frequencies and potentially harmful line transients. Its products are used in design verification testing, manufacturing, quality assurance and regulatory compliance by its customers in a range of industries, including aviation, military, and general electronics. California Instruments Corporation is a manufacturer of programmable AC power sources used to test electrical and electronic products. EIG’s Instrumentation and Specialty Controls business is a North American manufacturer of dashboard instruments for heavy trucks, and is also a supplier of similar products for construction vehicles. Through its NCC business, EIG operates in the food service instrumentation market and is a primary source for standalone and integrated timing controls for the food service industry.

During 2008, 16% of EIG’s sales were from aerospace products. Aerospace products include airborne data systems, turbine engine temperature measurement products, vibration-monitoring systems, indicators, displays, fuel and fluid measurement products, sensors, switches, cable harnesses and transducers. EIG serves all segments of commercial aerospace, including helicopters, business jets, commuter aircraft and commercial airliners, as well as the military market. Advanced Industries, Inc. manufactures starter generators, brush and brushless motors, vane-axial and centrifugal blowers, and linear actuators for the business jet, light jet and helicopter markets. These differentiated products complement the Company’s AMPHION product line of power management products for the aerospace industry. B&S Aircraft Parts & Accessories provides third-party maintenance, repair and overhaul (MRO) services, primarily for starter generators and hydraulic and fuel system components, for a variety of business aircraft and helicopter applications.

EMG

EMG’s offerings include highly engineered motors, blowers, fans, heat exchangers, connectors, and other electromechanical products or systems for commercial and military aerospace applications, defense, medical equipment, business machines, computers and other power or industrial applications. In 2008, 43% of EMG’s sales were to customers outside the United States. Differentiated businesses represented 73% of EMG’s sales in 2008, and consists of the technical motors and systems businesses and the engineered materials, interconnects and packaging businesses. Technical motors and systems, representing 40% of EMG’s sales in 2008, consist of brushless motors, blowers and pumps, as well as other electromechanical systems. EMG produces electronically commutated (brushless) motors, blowers and pumps. EMG’s Prestolite switch business produces solenoids and other electromechanical devices for the motive and stationary power markets. The Prestolite battery charger business manufactures industrial battery chargers for use in the materials handling market. Muirhead is a manufacturer of motion technology products, and a provider of avionics repair and overhaul services for the aerospace and defense markets.

MCG is a global manufacturer of highly customized motors and motion control solutions for the medical, life sciences, industrial automation, semiconductor and aviation markets. Drake provides heat-transfer repair services to the commercial aerospace industry. The Repair & Overhaul Division of Umeco plc (Umeco R&O) provides an array of MRO services for electrical and electronic equipment, fluid power devices, hydraulic components, actuation systems, landing gear, wheels and brakes and safety equipment. Umeco R&O operates from multiple locations in the United Kingdom, and Toulouse and Paris, France. During 2008, 33% of EMG’s sales were from engineered materials, interconnects and packaging products. It produces stainless steel and nickel clad alloys; stainless steel, cobalt and nickel alloy powders; metal strip; specialty shaped and electronic wire, and advanced metal matrix composites used in electronic thermal management. Its products are used in automotive, appliance, medical and surgical, aerospace, telecommunications, marine and general industrial applications.

Reading Alloys is a specialty metals producer. It produces titanium master alloys. Hamilton Precision Metals, Inc. produces precision metal strip and foil for markets, such as metals used in medical implant devices and surgical instruments, electronic components and measurement devices for aerospace and other industrial markets. AMETEK SCP, Inc., formerly known as Seacon Phoenix, produces undersea electrical interconnect subsystems for the global submarine market. During 2008, 27% of EMG’s sales were to floor care and specialty motor markets. The Company also manufactures a variety of specialty motors used in a range of products, such as household and personal care appliances; fitness equipment; electric materials handling vehicles, and sewing machines. EMG’s new product developments include the latest versions of its Glasseal and Sealtron electrical connectors; Pittman and MCG motors and motion control components; INFIN-A-TEK and FLO-TEK high-performance vacuum motors, and HPM metal strip and Reading Alloys high-purity titanium alloys and powders.

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