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GH Electrotermia Purchases Majority Interest in Induction Atmospheres

Induction Heating Companies Combine to Expand Worldwide Sales and Product Development

Rochester NY, February 17, 2010 – GH Electrotermia S. A. (GH) announced today that it completed its purchase of a majority interest in Induction Atmospheres (IA). By combining their resources, technology and engineering expertise, both companies expect to increase their
induction heating system sales and expand into new markets. Induction Atmospheres will now
be known as GH Induction Atmospheres.

“As part of the worldwide GH Group, GH Induction Atmospheres will bring sales, service and production of the highly respected GH product line into the United States," said GH IA General Manager Steve Skewes. “And GH will help us grow internationally by providing sales and service for our turnkey systems in countries such as India, China, Brazil, France, and Argentina.”

“GH Induction Atmospheres brings new products and markets to the worldwide GH Group”, said GH Group President José Vicente González. “With their staff and facilities we will be able to effectively deliver our induction heating systems into the United States. This is exactly the type of synergistic relationship we were looking for in a US based company. We are very excited about the future of our companies.”

Skewes expects the collaboration to have a positive effect on GH IA's operations. "By the end of the year we will be manufacturing GH power supplies and smaller systems here in Rochester. Both companies use the same product development design systems, which will simplify the design transfer. This really is one of those rare win-win business scenarios, and we look forward to a long and profitable relationship.”

Induction heating is a fast, accurate, and non-contact, method of heating metal that saves manufacturers space, time and money. Recently selected by Industrial Heating Magazine as one of “10 Technologies to Watch” in its January 2009 edition, GH Induction Atmospheres systems provide a very lean, environmentally sound, energy-efficient industrial heating process that reduces fossil fuel consumption.

About GH Electrotermia
GH Electrotermia S.A., headquartered in Valencia, Spain, is a leading worldwide supplier of induction heating systems for industrial heat treating, forging, and many other applications. Since 1961, The GH Group has installed over 3,000 systems in Europe, Asia, and South America. The GH product line focuses primarily on automotive, gear, wire, and tube/pipe heating processes. For more information, please visit www.ghe.es

About GH Induction Atmospheres
GH Induction Atmospheres, founded in 2002, is a leading manufacturer and system integrator of turnkey induction heating systems for aerospace, medical and energy production applications. The company recently completed an expansion to a 34,000 sq. ft. manufacturing facility in Rochester NY.

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