Press Release

May 23, 2007 R1

SECO/WARWICK Group Enters into Strategic Alliance with Retech Systems LLC

Vacuum Arc Remelt (VAR) Furnace Systems are available from laboratory to production sizes & configurations

SECO/WARWICK Group and Retech Systems LLC have entered into a Strategic Alliance Agreement to combine resources and expertise to engineer, manufacture, sell and service Retech’s thermal vacuum processing equipment worldwide.   SECO/WARWICK has manufacturing facilities in Pennsylvania, USA and Poland that are complementary to Retech’s USA facilities in California and New Jersey.  Retech has recently established an office facility in New Jersey (USA)as the center of excellence forthe Retech Vacuum Arc Remelt product group and to support joint efforts with the SECO/WARWICK S.A. Vacuum Team.

According to Jeff Boswell, SECO/WARWICK Group President , “We look forward to working together through this strategic alliance to serve our worldwide customer base with a complete portfolio of products for heat treatment, metal melting and environmental treatment systems.  Both of our companies encompass the values that we believe are essential for customer satisfaction – a commitment to quality through ISO 9001 certification and a mutual recognition that we are responsible to our customers to provide equipment solutions from concept through start-up.  We believe that the best way to serve our customers is through our combined experience and engineering expertise providing equipment locally manufactured in quality facilities. “

Mr. Artur Wiechczyński will be the team leader and primary contact for Retech for the SECO/WARWICK Group worldwide.  Based in Swiebodzin, Poland, he will coordinate all activities between the two companies:
 
Artur Wiechczyński, Director, Melting Furnaces/Vacuum Division
Tel. +48-68-382-0588
e-mail: A.Wiechczynski@secowarwick.com.pl

The Plasma Arc Centrifugal Treatment (PACT™) System provides high, processing temperatures (1200o to 1,600oC) for superior Destruction of hazardous waste and Removal Efficiencies (DRE's).

Mr. Jim Goltz, President of Retech Systems LLC has conveyed that this arrangement holds great value for future customers of all types of thermal processing equipment.  "It will greatly enhance Retech's throughput, provide pricing benefits for customers and allow us to respond more aggressively to the demand for equipment to supply the rapidly growing market for melting titanium and other materials that are difficult to process.  SECO/WARWICK's worldwide locations will allow Retech to provide service to more customers from facilities located in their own countries.  The most important opportunity is that this agreement will allow Retech and SECO/WARWICK to combine their expertise and jointly develop new products that will benefit customers in our closely related business areas.  It provides us with an important strategic partner to provide our PACT™ (Plasma Arc Centrifugal Treatment) Systems used for reduction and processing of hazardous waste to European customers that are looking for a common market partner to enhance availability of this equipment. The Retech PACT System is the only licensed, operating plasma system for the vitrification of low-level radioactive waste in the world today."

About Retech and SECO/WARWICK

Retech is a premiere thermal processing equipment supplier of vacuum and controlled atmosphere melting technologies for the special metals industry. Since its inception in 1963 Retech has led the industry by product innovation and advanced process control.

Major products offered by Retech include, plasma, electron beam, VAR furnaces, titanium casting and precision casting furnaces for directional solidification (DS) single crystal (SC), and equiaxed crystal (EQ), components. These furnaces are commonly used for processing a wide-variety of super-alloys and other specialty metals. Retech has been a key contributor of important advancements for precision pouring, cold hearth melting, consumable casting, and metal powder production for the metallurgical industry.

Retech also has a strategic business alliance with Von Ardenne of Germany. Von Ardenne produces Electron Beam Guns for thermal processing applications and is well known for their high quality, durability and market dominance in titanium hearth melting and refining. Visit http://www.retechsystemsllc.com/

SECO/WARWICK Worldwide manufactures industrial heat processing equipment including heat treat furnaces, vacuum furnace technology, atmosphere generators and aluminum reverb melting and holding systems.  SECO/WARWICK provides heat treating equipment and services worldwide for customers involved with primary aluminum, aluminum recycling, automotive, aerospace, commercial heat treating, fuel cells, HVAC, electronics, lighting, medical equipment, nuclear applications and high temperature sintering.   The globally integrated SECO/WARWICK Group includes SECO/WARWICK Corp. (USA), SECO/WARWICK S.A. (Poland), ELTERMA S.A. (Poland) and SECO/WARWICK Industrial Furnace Co. Ltd. (China).   The company has over 700 employees worldwide and is an industry leader in industrial heat processing equipment and processes.  More information can be found at www.secowarwick.com .

R1 - Updated Retech corporate description 5/23/2007

###