Dr. Leslie Cohen
HITCO Carbon Composites, Inc.
Tel: +1 (800) 421-5444 Fax: +1 (310) 970-5468
Haviland Communications, Inc.
Tel: 970 731-2370 Fax: 970 731-0688
Ex-Boeing Senior Manager Edward G. Carson Named Chief
Operating Officer of HITCO Carbon Composites,
LOS ANGELES, CA – March 29, 2007
– HITCO CARBON COMPOSITES, INC. (HITCO), a subsidiary of Germany-based SGL
GROUP, The Carbon Company (NYSE: SGG), announced today that Ex-Boeing senior
manager Edward G. Carson will assume the duties of Chief Operating Officer
with operational oversight of HITCO’s growing Structures Division. Mr.
Carson will also assume a seat on the Board of Directors of HITCO. This
reorganization supports the aggressive new growth strategy set forth by
HITCO, its Board of Directors, and the SGL GROUP, The Carbon Company. The
SGL Group is a worldwide industry leader in the development, application and
marketing of its broad material base utilizing carbon technologies.
Mr. Carson joined HITCO in 2004 after a 32-year career at
The Boeing Company where he served as Senior Business Manager. He
participated on programs such as, the Joint Strike Fighter, FAA Ground
Systems, the Japanese 767 Tanker Program, the Minuteman III Program, AWACS
Program, Space Defense Systems, Tactical Missile Systems, and other
significant programs. His administrative experience is heightened by
his years in military service. A retired Colonel in the U.S. Army Reserve,
he served in Personnel Management/ Administration, Transportation, and
Infantry. His last military assignment was as G1 (Deputy Chief of
Staff, Personnel) at Headquarters, U.S. Army, Japan.
Mr. Carson earned his M.A. in Economics from Western
Washington University. He graduated with a B.A. in Economics from the
University of Washington. He is also a graduate of the prestigious
Executive Program, University of Virginia as well as, the U.S. Army Command
and General Staff College.
Mr. Lawrence Clarkson, former Senior Vice President of The
Boeing Company and Chairman of HITCO’s Board of Directors, welcomed Mr.
Carson’s advancement to the position of COO. He observed that, “Ed
Carson is the right choice to further cement ties with our customer base and
aggressively pursue the growth of our business while maintaining our high
standards and excellent record for high quality products.”
HITCO Carbon Composites, Inc. was founded in 1922 and
manufactures advanced composite materials primarily for aerospace and
defense applications. HITCO continues to be an innovative leader in
the advancement of carbon composite technologies and continues to
strategically focus within the SGL Group on new projects for
aerospace/aircraft and defense applications.
SGL Group – The Carbon
SGL Group is one of the world’s leading manufacturers of carbon-based
products. It has a comprehensive portfolio ranging from carbon and
graphite products to carbon fibers and composites. SGL Group’s core
competencies are its expertise in high-temperature technology as well as,
its applications and engineering know how, gained over many years.
These competencies enable the Company to make full use of its broad material
base. SGL Group’s carbon-based materials combine several unique
properties such as electrical and thermal conductivity, heat, and corrosion
resistance as well as, high mechanical strength combined with low weight.
Due to the paradigm shift in the use of materials because of the worldwide
shortage of energy and raw materials, there is a growing demand for SGL
Group’s high-performance materials and products from an increasing number of
industries. Carbon and graphite products are used whenever other
materials such as steel, aluminum, copper, plastics, wood etc. fail due to
their limited properties. Products from the SGL Group are used
predominantly in the steel, aluminum, automotive, chemical, and
glass/ceramics industries. However, manufacturers in the
semiconductor, battery, solar/wind energy, environmental protection,
aerospace, and defense industries as well as, in the nuclear energy industry
also figure among the Company’s customers.
This press release contains
statements on future developments that are based on currently available
information and that involve risks and uncertainties that could lead to
actual results deviating from these forward-looking statements. The
statements on future developments are not to be understood as guarantees.
The future developments and events are dependent on a number of factors:
they include various risks and unanticipated circumstances and are based on
assumptions that may not be correct. These risks and uncertainties include
for example, unforeseeable changes in political, economic and business
conditions, particularly in the area of electrosteel production, the
competitive situation, interest rate and currency developments,
technological developments and other risks and unanticipated circumstances.
We see other risks in price developments, unexpected developments relating
to acquired and consolidated companies and in the ongoing cost optimization
programs. SGL Carbon does not intend to update these forward-looking