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September 1, 2004
Vectron International Completes Acquisition Of Corning Frequency Control


Global Leader Solidifies Position in Competitive Precision Frequency Control Industry

Hudson, NH (September 1, 2004) - Vectron International, a subsidiary of Dover Corporation (NYSE: DOV) announced today that it has acquired Corning Frequency Control (CFC), a division of Corning Incorporated (NYSE: GLW). CFC is a leading supplier of quartz crystals, oscillators and filters to the communications, test and instrumentation, position location, automotive, and military/aerospace electronic markets.

Vectron International is an industry leader in the design, manufacture and marketing of crystal and Surface Acoustic Wave (SAW) products. Vectron will now be able to utilize CFC's complementary expertise in precision oscillator and crystal design, to offer a more comprehensive range of frequency control products from a single vendor.

As a result of this transaction, Vectron now becomes a market leader in the precision frequency generation and control industry, and will be able to address the challenges of Vectron's expanded customer base. Vectron now operates 10 development & manufacturing centers throughout North America, Europe and Asia. Financial details of the acquisition were not disclosed.

"This acquisition is in keeping with Vectron International's strategy to be a leader in the precision frequency generation and control industry," said Rick Hajec, President, Vectron International. "We believe the strengths of this combination offer a great deal of value to our customers. The expanded product offerings, dynamic corporate culture and dedication to innovation and customer service of the new Vectron give us a strong industry position and one of the most comprehensive lines of custom engineered solutions in the industry. We have a world-class staff to support these products, as well as global manufacturing and services to satisfy the needs of our customers throughout the world."

Vectron International (VI) is a world leader in the design, manufacturing and marketing of Frequency Generation and Frequency Control Products. Vectron uses the latest technology in both crystal and surface acoustic wave (SAW) based designs from DC to microwave frequencies. With facilities in the U.S., Europe, and China, the company manufactures products which fulfill critical functions in the telecommunications, data communications, wireless, military, satcom and multimedia markets in both consumer and industrial applications worldwide.

For More Information, Contact:
Bob Manning
Vectron International
603-578-3007