Date

April 17, 2008

Eaton Wins 2008 Automotive News Pace Award for Crutonite® Alloy

SOUTHFIELD, Mich. … Diversified industrial manufacturer Eaton Corporation was awarded the 2008 Automotive News Premier Automotive Suppliers’ Contribution to Excellence (PACE) Award for its new proprietary low nickel engine exhaust valve alloy, Crutonite® at the 14th annual PACE Awards black-tie ceremony on April 14 in Detroit.

“It’s an honor to win this prestigious award, and I’d like to thank and congratulate Dr. Simon Narasimhan and the Eaton employees at the Marshall, Mich., facility for all their hard work developing this innovative product,” said Joseph P. Palchak, Eaton vice president and president, Engine Air Management Operations.

Crutonite®, the trade name for the all-new alloy co-developed with Crucible Materials Corporation, is comprised of less than half the amount of costly nickel as traditional high-temperature alloys, but offers comparable strength and wear and corrosion resistance. Engine exhaust valves made with Crutonite® are more cost effective for multi-fuel and enhanced combustion passenger vehicle and heavy-duty diesel trucks with engines that have high temperature and pressure requirements.

Eaton was one of 23 finalists in the Product category, which recognizes innovations in new products or services that have a significant market impact and act as “game changers” in the automotive industry.

The competition was open to suppliers who contribute products, processes, materials or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry symbol of innovation.

Eaton earned Automotive News PACE Award winner status following an extensive review by an independent panel of judges including a comprehensive written application and a site visit.

For complete details of the Automotive News PACE Award, visit www.automotivenews.com/pace.

With sales of $1.6 billion in 2007 and 11,000 employees around the world, Eaton’s Automotive Group supplies the passenger car, light-truck and commercial vehicle industries with critical components that reduce emissions and fuel consumption and improve vehicle stability and performance. Principal products include, engine valves and valve train components, transmission and engine controls, superchargers, locking and limited slip differentials, cylinder heads, fluid conveyance components, decorative body moldings and spoilers.

Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.

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Jim Parks
(248) 226-7191