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From: "Jorgensen Virgil" (jorgensenv@hydroaire.com) at ccnode
Date: 8/27/98 11:01 AM
Virgil A. Jorgensen
Manager, Advertising & Public Relations

HYDRO-AIRE ANNOUNCES APPOINTMENT OF HAECO AS SERVICE CENTER FOR THE REPAIR AND OVERHAUL OF HYDRO-AIRE PRODUCTS IN SOUTHEAST ASIA

Burbank, California - February 25, 1998 - Mr. Raymond W. Boushie, President of Hydro-Aire, Inc., a Crane Co. company, announced today, the extended appointment of HAECO (Hong Kong Engineering Company Ltd.) as an authorized and approved Service Center for the repair and overhaul of Hydro-Aire products for the Southeast Asia region of the world.

Mr. John Slosar, Managing Director of HAECO and Mr. Gregory Beeston, Director of Product Sup-port of Hydro-Aire, signed the extension of the aforementiond Service Center agreement this date.

HYDRO-AIRE develops and produces reliable brake control systems, sub-systems and control components for aircraft, missile, electronic and aerospace industries.

Crane Co. is a diversified manufacturer of engineered industrial products serving niche markets in fluid handling, aerospace, automatic merchandising, engineered materials and industrial controls. Crane's wholesale distribution businesses serve building products markets and industrial customers.


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