Eaton SAMC Conveyance System Joint Venture Now Open for Business; Milestone in International Cooperation for COMAC C919 Aircraft Platform

Date: June 28, 2011

The following news release was issued by Eaton in China earlier today.

SHANGHAI … Diversified industrial manufacturer Eaton Corporation and Shanghai Aircraft Manufacturing Co., Ltd. (SAMC), a subsidiary of Commercial Aircraft Corporation of China (COMAC), today celebrated the official opening of Eaton SAMC (Shanghai) Aircraft Conveyance System Co., Ltd., their conveyance joint venture.

Senior executives, including Mr. Jin Zhuanglong, General Manager of COMAC and Craig Arnold, Eaton vice chairman and chief operating officer – Industrial Sector, presided at the office opening ceremony at Shanghai Pudong Lujiazui Software Park.

The official opening of Eaton’s joint venture with SAMC is an important step forward in the Sino-international cooperation involved in the exciting C919 project, said Craig Arnold. “We look forward to working with SAMC to develop the comprehensive conveyance system engineering and manufacturing capabilities for the global civil aviation market. Together we will utilize the best civil aviation technology, world-class manufacturing capabilities, and proven management practices to create a globally competitive company.”

Among the joint ventures being formed to support the C919 program, the Eaton-SAMC joint venture, signed in July 2010, was the first for the COMAC enterprise with a foreign company and also the first to be granted a business license in March 2011. The new joint venture will focus on the design, development, manufacturing and support of fuel and hydraulic conveyance systems to support COMAC’s C919 design, development and manufacturing capacity. Future plans include supplying conveyance systems to other aircraft and engine manufacturers in China and in global markets.

COMAC is the recently created indigenous Chinese commercial aircraft company. The C919 program, with first flight planned for 2014 and certification planned for 2016, represents a significant area of rapid development and growth for the Chinese aerospace industry. As the assembly and manufacturing center of COMAC, Shanghai Aircraft Manufacturing Co. Ltd. (SAMC) is mainly engaged in the manufacturing, final assembly, parts assembly, delivery, maintenance of the commercial aircraft parts, pilot flight and other services.

In the aerospace industry, Eaton is a leading supplier of hydraulic, electro-hydraulic pump and generator products and integrated systems; engine and airframe fuel pumps; electric motors; aircraft door actuation, flight and flow controls; fluid, fuel and air delivery products and systems; nose wheel steering systems; integrated control systems; cockpit controls and displays; power and load management systems; pressure sensors, seals, and fluid health monitoring products and systems. Eaton serves commercial and military aviation, aerospace, military weapons, marine and off-road markets worldwide.

Eaton began operations in China in 1993 through a joint venture in Jining, Shandong Province. Since then, its presence has grown significantly in the region through acquisitions, joint ventures and wholly owned subsidiaries. In China today, Eaton has 27 operations and four research and development centers with approximately 10,000 employees, including 1,500 engineers in China.

Eaton Corporation is a diversified power management company with 2010 sales of $13.7 billion. Celebrating its 100th anniversary in 2011, 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.

Vivian Xiao, +86(21) 5200-0580