CANTON, Ohio, March 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Timken Company today announced it will launch a line of industrial seals in May. Timken entered into a licensing and supply agreement with Federal-Mogul Corporation to sell its industrial seal products in the United States and Canada. Terms were not disclosed.
Timken will market and sell National(R) industrial seals under the Timken brand, in Timken packaging. These seals will be available exclusively to authorized Timken industrial distributors and select original equipment manufacturers. The seals are used in a full range of equipment used in thousands of applications such as manufacturing, off-highway, power transmission and oil refineries.
Federal-Mogul will continue to independently market National Oil Seals to its industrial customers outside the United States and Canada. The agreement also does not include sales to the automotive and heavy-duty aftermarket.
"Seals are an important expansion of our industrial friction management solutions," said Michael C. Arnold, president - Industrial Group, The Timken Company. "Timken has always been known for experienced technical support and a solid distribution network. Capitalizing on those strengths while partnering with Federal-Mogul to supply seal products accelerates our ability to better serve customers, deliver unparalleled value, and grow our business."
"With Timken's strengths in the industrial market and the quality of National sealing products from Federal-Mogul, the bottom-line advantage is that the customer can now access premier industrial bearing and seal technologies from a single source," said Joseph Felicelli, executive vice president, Worldwide Aftermarket Operations for Federal-Mogul.
Timken industrial seals include precision oil, grease, fluid sealing and dirt exclusion sealing products in small-bore sizes, zero- to 13-inch. They are backed by a worldwide reputation of product reliability and the development of solutions for unique sealing needs, including:
- Redi-Seal(R) service -- Made-to-order, custom-fit seals in 24 hours
- Redi-Sleeve(TM) technology -- Steel wear sleeves that provide the option to repair damaged, grooved or worn shafts, offering a fast repair solution
- Shaft Repair Kits -- an alternative to shaft replacements
- Metric and high-temperature coverage
- V-seals for extreme, high-contaminate environments
- Redi-Coat(R) -- Patented sealant that fills nicks and scratches in a poorly finished bore.
Timken will also offer tools for seal installation, removal and specification. Redi-Seal, Redi-Sleeve and Redi-Coat are trademarks of the Federal-Mogul Corporation.
Federal-Mogul is a leading global automotive supplier offering a comprehensive portfolio of quality products and trusted brands. Headquartered in Southfield, Michigan, Federal-Mogul employs more than 45,000 people in 31 countries. The company reported sales of $6.2 billion in 2004. For more information on Federal-Mogul, visit the company's Web site at http://www.federal-mogul.com .
The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 27 countries. The company reported record sales of $4.5 billion in 2004 and employed approximately 26,000 at year-end.
Timken is a registered trademark of The Timken Company.
For Additional Information: Jason Saragian, Public Relations Manager,
Investor Contact: Kevin R. Beck, Manager - Investor Relations,
SOURCE The Timken Company
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