ITT Corporation acquires Kaliburn, Inc.

Cleveland, Ohio April 3 - ITT Corporation today announced that it has completed the acquisition of Kaliburn Inc. ("Kaliburn"), through its wholly-owned subsidiary CLEVELAND MOTION CONTROLS, INC. ("CMC"), headquartered in Cleveland Ohio. Kaliburn, located in Charleston South Carolina, is a market leader in the design and manufacture of plasma arc cutting equipment and consumables in metal fabrication. Financial terms of the transaction were not disclosed. Kaliburn will be strategically aligned within ITT's Motion and Flow Controls group under the Controls Value Center.

"This acquisition broadens our product offering, leverages our leading-edge technology and allows our customers and distributors a wider array of integrated plasma cutting and numerical control system solutions," said Wayne Foley, President of CMC. "We are very pleased to welcome the Kaliburn team and its customers to the ITT family, and pledge to maintain the level of quality they've come to expect from us."

Kaliburn's products and services will be sold and marketed along with the Burny/AMC product line. Kaliburn's plasma arc cutting systems, used in cutting ferrous and non-ferrous metals, will complement the Burny and AMC numerical control products, which are also marketed to the metal fabricating industry.

Established in 1986, Kaliburn (formerly known as InnerLogic, Inc.) is an industry leading manufacturer of plasma cutting systems. Steve Hardwick, former President of Kaliburn and its new Chief Technologist, said "Becoming part of ITT Controls allows Kaliburn the opportunity to grow faster by utilizing ITT's vast resources and global reach. Our product development efforts will accelerate, distribution channels will broaden and our association with the Burny and AMC product brands will greatly increase our presence in the global marketplace."

ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.

ITT Corporation completes acquisition of International Motion Control

White Plains, N.Y. - September 10, 2007 - ITT Corporation (NYSE:ITT) today announced it has completed the acquisition of International Motion Control (IMC). Buffalo, N.Y.-based IMC is a global developer of motion control products with 2006 revenues of approximately $200 million. The acquisition agreement was announced on June 26 this year.

"We're pleased to report the transaction closed smoothly and ahead of schedule, allowing us to begin the integration process immediately," said Nick Hill, president of ITT's motion and flow control business. "We remain very excited about the future prospects of our combined organization and look forward to a smooth integration."

Download this brochure which explains the acquisition in greater detail.

ITT Corporation ( www.itt.com ) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges.

Contact:
Andy Hilton
(914) 641-2160
andy.hilton@itt.com

CLEVELAND MOTION CONTROLS, INC. ANNOUNCES
NAME CHANGE FOR EUROPEAN LOCATIONS

FOR IMMEDIATE RELEASE

CLEVELAND, OH, Cleveland Motion Controls, Inc. (CMC) announced the legal entity name change of its Germany and UK offices. What was formerly known as Burny ETEK is now Cleveland Motion Controls GmbH. Additionally, Nee Controls Ltd. is now known as Cleveland Motion Controls Ltd. The legal entity name change is effective immediately.

Cleveland Motion Controls GmbH is CMC's European sales headquarters for its Burny/AMC product line. Cleveland Motion Controls Ltd. will serve as the European Burny/AMC product engineering/service office. Office locations and contact information remain the same:

Cleveland Motion Controls, Inc. has nearly 50 years experience in the global motion controls industry. The company offers a broad line of high performance motion control solutions including, Brush and Brushless Servomotors; PC-based and Embedded CNC Controls and Drives, Web Tension Controls, Aircraft Interior Actuation Systems, and Engineered Drive Systems. CMC supplies these products to many diverse Industrial and Aerospace markets.

ITT ACQUIRES INTERNATIONAL MOTION CONTROL INC.

Patrick Lee, chairman and CEO of International Motion Control, (IMC) of Buffalo, New York announced today that a purchase agreement has been signed with the ITT Corporation, a $7.8B NYSE company. Read more on the IMC website.

CMC IS HONORED WITH THE 2006 LEADING EDGE AWARD

FOR IMMEDIATE RELEASE

CLEVELAND, OH, Cleveland Motion Controls, Inc. (CMC) announced today its receipt of the 2006 Leading EDGE (Economic Development through Growth and Entrepreneurship) Award. The EDGE Award recognizes a select group of middle-market companies in Northeast Ohio committed to growth and value creation. Only mid-market companies, with less than 500 million in annual revenue, are eligible for this award. Over 1,000 companies were considered for this prestigious award; only 101 received it.

Wayne Foley, President of Cleveland Motion Controls accepted the award at a dinner, held May 16 at the University of Akron's Student Ballroom, in Akron, Ohio. "It's an honor to be recognized for our continued dedication and contribution to Northeast Ohio's economy," said Foley. "This award recognizes the talent and innovation of CMC's employees; our most valuable asset."

Cleveland Motion Controls, Inc. has nearly 50 years experience in the global motion controls industry. The company offers a broad line of high performance motion control solutions including, Brush and Brushless Servomotors; PC-based and Embedded CNC Controls and Drives, Web Tension Controls, Aircraft Interior Actuation Systems, and Engineered Drive Systems. CMC supplies these products to many diverse Industrial and Aerospace markets.

CLEVELAND MOTION CONTROLS, INC. ACQUIRES NEE CONTROLS LTD.

FOR IMMEDIATE RELEASE

CLEVELAND, OH, Cleveland Motion Controls, Inc. (CMC) announced its acquisition of NEE Controls Ltd. (NEE) located in Gateshead, Tyne & Wear, United Kingdom and Maumee, Ohio USA. For nearly 30, years NEE has been on the cutting edge of microprocessor based motion controls. NEE's multi axis numerical controls are used, worldwide, in tens of thousands of shape cutting machines including routing, engraving and milling.

CMC has nearly 50 years experience in the motion control industry and is a worldwide leader in the manufacture of motion control equipment including motors, drives and numerical controls. Through its Burny division, CMC supplies numerical controls, drives, motors and other equipment to the shape cutting and metal cutting industries for a variety of applications.

"In order to better service the shape cutting industry and CMC's current customers, we brought NEE on board as a complement to our Burny division," said Steve Giordano, Business Unit Manager for CMC's Burny Division. "The acquisition of NEE yields a combined 80 years experience in the shape cutting industry and allows us to immediately extend our product lines, expand our distribution channels and broaden our market segments."

For more information, visit www.burny.com, www.neecontrols.com or contact Burny sales at 216. 524.8800 or toll free at 800.321.8072.

Cleveland Motion Controls, Inc., a division of International Motion Control Inc. (www.IMCUSA.com), has nearly 50 years experience in the motion controls industry. The company offers a broad line of high performance motion control solutions ranging from automation components through fully integrated systems. Its five product divisions include Web Tension, Automation Systems, Drives, Burny, and Torque Systems.

CMC INCREASES CUSTOMER FOCUS BY NAMING GREG CLARK VICE PRESIDENT
OF SALES AND MARKETING.

FOR IMMEDIATE RELEASE

CLEVELAND, Cleveland Motion Controls, Inc. (CMC) is pleased to announce that Greg Clark has been named Vice President of Sales and Marketing for their Electro-Mechanical and Industrial Products Business Units.

In this newly created position, Clark will broaden CMC's strong customer focus by providing both centralized sales leadership and marketing direction. This enhancement to CMC's organization structure is another step toward providing the most advanced motion control products and services available.

According to CMC's President, Wayne Foley, "We are very excited to have Greg on the CMC team. He has a proven track record of leading growth initiatives, including New Product Development and Commercialization, Sales Management, Vertical Marketing, and Strategy Deployment during his career including the last twelve years in the Motion Controls Industry. Additionally, we are very excited about the growth prospects in our Electro-Mechanical and Industrial businesses and believe Greg brings key skills and experience that will enable us to accelerate our success.-

Greg was most recently with Parker Hannifin in the role of Division Marketing Manager for the Spartanburg, SC Division. Prior to that, Greg held progressively more responsible Sales, Marketing, and Business Management positions at NSK Corporation. Greg also holds an MBA from John Carroll University.

Cleveland Motion Controls is part of International Motion Control (www.IMCUSA.com). Specific products include adjustable-speed AC and DC drives, motion controllers, brush and brushless servo motors, encoders, linear actuators, custom engineered servo systems, CNC controls for shape-cutting, controls for regulating tension in moving webs, and distance measurement systems. Markets include printing, packaging, converting, material handling, steel processing, welding and flame cutting, robotics, and to the machine tool industry.

For more information contact: Kristy Hitesman, Marketing Communications Coordinator
Cleveland Motion Controls / 7550 Hub Parkway / Cleveland, Ohio 44125
216-524-8800 Phone / 216-642-2100 Fax