Press Release

Five Promoted at Electron Energy Corporation

Landisville, PA, (May 14, 2008) — Electron Energy Corporation (EEC), one of the world’s foremost producers of rare earth magnets and magnet assemblies for critical applications, announced the promotion of five employees. EEC President, Michael H. Walmer, made the announcement.

Peter Dent was appointed Vice President of Business Development. Kathy Hambleton was named Vice President of Finance. Steve Hawthorne was promoted to Vice President of Manufacturing. Jinfang Liu was named Vice President of Technology and Engineering. And Bob Zook was promoted to Director of Quality.

Dent joined EEC in 2003 as Director of Sales and Marketing. In his new position, he will be responsible for managing the company’s inside and outside sales teams and meeting corporate growth objectives. Dent earned his bachelor’s degree in Chemical Engineering from Lehigh University and has over 25 years of experience in engineering, sales and marketing. Prior to joining EEC, he worked as an engineer at Air Products & Chemicals, Allentown, PA, and was National Sales Manager for Lakeshore Cryotronics, Westerville, OH.

Hambleton has led the EEC finance group since 1988 and serves as corporate treasurer. She will be responsible for all financial functions, including budgeting, forecasting, financial analysis, accounts payable, accounts receivable, strategic planning, and financial policies and procedures. She earned a bachelor’s degree from Elizabethtown College and an MBA from Lebanon Valley College. Kathy is a member of the Vistage Key Executive Group 959.

Hawthorne, who has been with EEC since 1972, has supervised several manufacturing departments as Director of Operations. In his new role, he will lead production activities in five major production areas: Powder, Press, Sinter, Machine and TWT Adjusting. He also will be responsible for balancing capacity with demand and meeting commitments to customers in the areas of quality and production performance. Steve is a member of the Vistage Key Executive Group 936.

Liu will be responsible for maintaining EEC’s technical superiority in three areas: production processes, design and technical support for customers, and new product development. He has expertise in high- performance magnet materials, including Nd-Fe-B sintered and bonded magnets, Sm-Co magnets and nano-composite magnets. He serves as the principal investigator for a number of programs funded by the Air Force, Army, Navy, NASA, DARPA, DoE and NSF. Liu has completed many industrially-funded projects for aerospace customers.

He earned his B.S. in Materials Science and Engineering from Hebei University of Technology, an M.S. in Materials Science and Engineering from Harbin University of Technology, and a Ph.D. in Solid State Physics from the Institute of Physics, Chinese Academy of Sciences, China. He has over 20 years of research experience in the field of rare earth permanent magnets and systems.

Zook will be responsible for implementing a quality program that supports performance goals and maintains the company’s position as the dominant producer of quality rare earth magnet products and services. Prior to joining EEC, he was a consultant providing services in all areas of management including QA, MRP and productivity improvement. He earned a B.S. in Ceramic Science and an M.S. in Counseling Education from the Pennsylvania State University, and has done graduate work for an MBA at the University of Houston in Texas.

For more information about Electron Energy Corporation's magnets, design engineering services and magnet assemblies and systems, call toll-free at 1-800-824-2735. Our staff of engineering specialists is available for free technical consultations.