Peter Hanneforth to start up global component and outsourcing company Peter Hanneforth, formerly an Executive Vice President for the Sulzer Corporation, has started up a new venture as of January 2004. With headquarters on Long Island, NY, SpaCom™, the Spare Part and Component Company™, is poised to become a global leader in supplying high quality, low cost industrial parts and components, as well as providing reliable manufacturing outsourcing and supply chain management services leveraging a global network of manufacturing partners. “In an era of extreme cost pressure and increasing globalization it is essential that companies broaden their horizon to remain competitive. SpaCom will help especially smaller and mid-sized companies engaged in various industrial equipment and machinery markets to expand their reach, lower their cost structure and meet the ever increasing requirements of their customers. Through our partner in China we have access to more than 2,000 ISO certified production facilities, manufacturing everything from castings to parts and components to complete machinery.” says Hanneforth. “Anyone who is currently buying high

priced industrial spare parts and components will strongly benefit from the products and services of SpaCom. Our first catalogue product lines will be officially launched in June 2004.” Mr. Hanneforth brings over 15 years of experience in business and general management, marketing & sales, product line management and business development with U.S. and European Fortune 500 industrial corporations. Prior to joining Sulzer’s surface coatings division as Vice President Global Marketing in 1999, he held various positions in marketing & sales, corporate development and business management at Corning Incorporated working in industries such as automotive, environmental, consumer electronics, telecommunication, scientific software and specialty materials. He holds a graduate degree in business administration from the European Business School in Wiesbaden, Germany and attended the MBA program of the American Graduate School of Intl. Management (Thunderbird) in Phoenix, AZ. He is a member of the Executive Committee and Secretary/Treasurer of the Board of the Thermal Spray Society, an affiliate society of ASM International and the Chairman of their Marketing & Membership Committee. For more information and how to benefit from SpaCom’s value proposition please visit: www.spacom.com or call us at +1 (631) 757-7799 or 1-866 3SPACOM.