CIRCOR International, Inc. (NYSE:CIR), designs, manufactures and distributes a broad array of valves and related products and services to a variety of end-markets for use in a wide range of applications to optimize the efficiency and/or ensure the safety of fluid-control systems. We have a global presence and operate several manufacturing facilities which are located in the United States, Canada, Europe and the People’s Republic of China. CIRCOR was established by its former parent, Watts Water Technologies, or Watts, to continue to operate the former industrial, oil and gas business of Watts. On October 18, 1999, Watts distributed all of our outstanding common stock to Watts shareholders of record as of October 6, 1999 in a tax-free distribution.

The company supplies valves on a worldwide basis to a wide range of users who require precise, efficient and safe fluid-control systems. These markets include general industrial, food processing, chemical processing, aerospace, marine, analytical, chemical, compressed natural gas/liquefied natural gas, cryogenics, light industrial, heating, ventilation and air conditioning, instrumentation, manufacturing, maritime, medical, military, OEM, oil and gas exploration, processing and distribution, petrochemical, pharmaceutical, power-generation, pulp and paper, semiconductors and textiles. CIRCOR’s business is comprised of two groups.

The Instrumentation and Thermal Fluid Controls Products group designs, manufactures and distributes valves, fittings and controls for diverse end-users, including hydraulic, pneumatic, cryogenic and steam applications. Selected products include precision valves, compression tube and pipe fittings, control valves, fittings and regulators. The Instrumentation and Thermal Fluid Controls Products group consists primarily of the following product families: Aerodyne Controls; Circle Seal Controls; Leslie Controls; Loud Engineering; Nicholson Steam Trap; Hoke; Spence Engineering; CPC-Cryolab; RTK; Hale Hamilton; Industria; Spence Strainers; Rockwood Swendemen; Dopak and Texas Sampling; Survival Engineering; Tomco; GO Regulators; Motor Technology; and CircorTech.

The Energy Products group, formerly the Petrochemical Products group, designs, manufactures and distributes flanged-end and threaded-end floating and trunnion ball valves, needle valves, check valves, butterfly valves, large forged steel ball valves, gate valves and strainers for use in oil, gas and chemical processing and industrial applications. We believe that our Energy Products group is one of the top three producers of ball valves for the oil and natural gas markets worldwide. The Energy Products group consists primarily of the following product families: KF Industries; KF Contromatics; Pibiviesse; Sagebrush Pipeline Equipment; Mallard Controls; and Hydroseal.