NEWS RELEASE


| January/February 1970



Philip J. Sample

Ajax Iron Works, Corry, Pennsylvania 16407

The appointment of Philip J. Sample as a Vice President of Ajax Iron Works was announced here today by Al Pilz, President.

Sample has been serving as Director of Manufacturing at the Ajax headquarters plant in Corry, Pennsylvania. As Vice President, he will have full direction of all manufacturing activities and facilities for Ajax. Ajax is a designer and builder of continuous heavy duty two-cycle engines, reciprocating plunger pumps, and a broad line of gas and air compressors. The company is an autonomous operating division of its parent corporation, Cooper Industries.

A native of Corry, Pennsylvania, Sample joined Ajax in 1948. He was promoted to Chief Industrial Engineer in 1950, Assistant Works Manager in 1959, and in 1966 he was appointed to the position of Manager of Manufacturing at the Corry plant. He became Director of Manufacturing in 1968. Prior to his affiliation with Ajax. Sample held a number of industrial engineering assignments and, in World War II, he served in the United States Army with the Amphibious Engineer Corps.

L. M. Leinen, Ajax Director of Industrial Marketing, announced today that Ajax is increasing the prices of its steam engines. The amount of the increase is about 15% on all models.

Commenting on the action, Mr. Leinen said that the matter had been under study for some time and that the need for the increase was a direct consequence of economic forces beyond Ajax control and the inflationary price increase made by many suppliers. He also said that such action would be the first general increase for Ajax steam engines in over fifty years.