Press release

Greene, Tweed Acquires Lancer Systems’ Fiber Optics Product Portfolio

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Greene, Tweed, a leading global manufacturer of electrical connectors
and high-performance sealing, composite, and engineered thermoplastic
solutions, has acquired Lancer Systems’ product portfolio of fiber optic
solutions and related intellectual property.

During the past year, Greene, Tweed’s Energy business has distributed
Lancer’s fiber optic products to the oil & gas industry. This
acquisition includes all of Lancer Systems’ fiber optic technology and
enables Greene, Tweed to provide solutions for data transmission
requirements in the oil & gas and defense industries.

Lancer fiber optic connector products are specified by leading oil & gas
service companies for use in wellhead outlets and are used in other
critical applications, such as rotary joints in wind turbines. The
acquisition includes Lancer’s Fiber Optic Extreme®, an
optical connection system that is capable of withstanding operating
pressures of 25,000 psi and temperatures up to 175°C (347°F).

“The Lancer fiber optic connector product line complements our
market-leading Seal-Connect® electrical connector portfolio,”
said Brent Regan, Vice President and General Manager of Greene, Tweed
Energy. “It allows Greene, Tweed to offer complete electrical and data
solutions for a variety of applications that operate under extreme
conditions, and provides the platform for rapid product development to
serve the ever-increasing need for real-time data in our markets.”

About Greene, Tweed

Greene, Tweed is a leading global manufacturer of high-performance
thermoplastics, composites, seals, electrical connectors, and engineered
components. Combining more than 150 years of technical expertise and
commercial knowledge in a variety of markets, Greene, Tweed collaborates
with customers to develop engineered solutions that meet challenging
performance requirements and reduce total cost of ownership.

Greene, Tweed products are sold and distributed worldwide. For
additional information, call +1.281.765.4500, or visit our website at http://www.gtweed.com.

About Lancer Systems

Lancer Systems creates value solutions for challenging and harsh
environment applications using composite and ceramic technologies. With
engineering and manufacturing capabilities that span across our advanced
weapons & components and composites business areas, Lancer delivers
innovative solutions trusted by customers in the defense, aerospace,
natural gas, and oil industries. For additional information, contact
Lancer at 610.973.2600, or visit their website at http://www.lancer-systems.com.