Eaton Receives Second Major Pump Contract for MAN Diesel & Turbo Engines; Contract Worth $2 Million

EDEN PRAIRIE, Minn. … Diversified industrial manufacturer Eaton Corporation today announced it has received its second major contract from licensees of MAN Diesel & Turbo of Copenhagen, Denmark, for Eaton Hydrokraft™ axial piston pumps, which are used on massive MAN Diesel 12K98ME marine diesel engines that propel oceangoing vessels operating all over the world.

The contract is expected to generate approximately $2 million in revenue for Eaton in 2010.

“Man Diesel’s repeat business solidifies Eaton’s strengths in custom pump configurations and its steadfast commitment to developing products that help our customers use power more efficiently, effectively and safely,” said Eaton’s Arnold Jennemann, business unit manager—Hydrokraft products.

Each two-stroke 12K98ME Intelligent Engine is equipped with five Hydrokraft pumps made by Eaton’s Hydraulics Group facility in Wehrheim, Germany.

The Eaton Hydrokraft PVWS-500 pumps with 500 cc/rev displacement and maximum operating pressure of 350 bar replace the camshaft at the heart of the engine’s electrohydraulic system. By providing continuously variable fuel injection and valve timing via the Eaton pumps, the camshaftless design has unlimited flexibility, enabling the engines to reduce fuel consumption and emissions over traditional camshaft-equipped engines.

Eaton/Page 2

Once its research and development work is complete, MAN Diesel sells engine-build licenses to ship and engine builders worldwide. To date, Eaton pumps are at sea on container vessels made by major South Korean shipbuilders.

Eaton pumps will also be a power source in the shipbuilding aftermarket. According to MAN Diesel specifications, the 12K98ME Intelligent Engines must be overhauled every five years, including complete pump changeouts.

Eaton’s Hydraulics Group is a segment of the company’s Industrial Sector. The business is a worldwide leader in the design, manufacture and marketing of a comprehensive line of reliable, high-efficiency hydraulic systems and components for use in mobile and industrial applications. Mobile and industrial markets include agriculture, construction, mining, forestry, utility, material handling, earthmoving, truck and bus, machine tools, molding, primary metals, automotive, power generation, port machinery and entertainment. Eaton’s Hydraulics Group provides customer-driven solutions under product names such as Aeroquip^®, Boston^®, Char-Lynn^®, Eaton^®, Hydro-Line^®, Synflex^®, Vickers^®, Walterscheid™, and Weatherhead^®. For more information, visit www.eaton.com/hydraulics.

Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.

###