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Date:
3/29/2007 Cecilia Haviland LOS ANGELES, CA – March 29, 2007 – HITCO CARBON COMPOSITES, INC. (HITCO), a subsidiary of Germany-based SGL GROUP, The Carbon Company (NYSE: SGG), announced today that Ex-Boeing senior manager Edward G. Carson will assume the duties of Chief Operating Officer with operational oversight of HITCO’s growing Structures Division. Mr. Carson will also assume a seat on the Board of Directors of HITCO. This reorganization supports the aggressive new growth strategy set forth by HITCO, its Board of Directors, and the SGL GROUP, The Carbon Company. The SGL Group is a worldwide industry leader in the development, application and marketing of its broad material base utilizing carbon technologies. Mr. Carson joined HITCO in 2004 after a 32-year career at The Boeing Company where he served as Senior Business Manager. He participated on programs such as, the Joint Strike Fighter, FAA Ground Systems, the Japanese 767 Tanker Program, the Minuteman III Program, AWACS Program, Space Defense Systems, Tactical Missile Systems, and other significant programs. His administrative experience is heightened by his years in military service. A retired Colonel in the U.S. Army Reserve, he served in Personnel Management/ Administration, Transportation, and Infantry. His last military assignment was as G1 (Deputy Chief of Staff, Personnel) at Headquarters, U.S. Army, Japan. Mr. Carson earned his M.A. in Economics from Western Washington University. He graduated with a B.A. in Economics from the University of Washington. He is also a graduate of the prestigious Executive Program, University of Virginia as well as, the U.S. Army Command and General Staff College. Mr. Lawrence Clarkson, former Senior Vice President of The Boeing Company and Chairman of HITCO’s Board of Directors, welcomed Mr. Carson’s advancement to the position of COO. He observed that, “Ed Carson is the right choice to further cement ties with our customer base and aggressively pursue the growth of our business while maintaining our high standards and excellent record for high quality products.” HITCO Carbon Composites, Inc. was founded in 1922 and manufactures advanced composite materials primarily for aerospace and defense applications. HITCO continues to be an innovative leader in the advancement of carbon composite technologies and continues to strategically focus within the SGL Group on new projects for aerospace/aircraft and defense applications. SGL Group – The Carbon Company The SGL Group is one of the world’s leading manufacturers of carbon-based products. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as, its applications and engineering know how, gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as electrical and thermal conductivity, heat, and corrosion resistance as well as, high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials because of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group’s high-performance materials and products from an increasing number of industries. Carbon and graphite products are used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from the SGL Group are used predominantly in the steel, aluminum, automotive, chemical, and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace, and defense industries as well as, in the nuclear energy industry also figure among the Company’s customers.
Important note: This press release contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. The statements on future developments are not to be understood as guarantees. The future developments and events are dependent on a number of factors: they include various risks and unanticipated circumstances and are based on assumptions that may not be correct. These risks and uncertainties include for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electrosteel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies and in the ongoing cost optimization programs. SGL Carbon does not intend to update these forward-looking statements.
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