Veridiam Completes Acquisition of Advanced EDM Automation; Expanding Custom Manufacturing Solutions for Aerospace, Power Generation, and Industrial Markets

VERIDIAM, a leading provider of welded and drawn tubing; metal and tubular components; and assemblies specifically fabricated to meet the demanding requirements of aerospace, nuclear power, medical and industrial applications, announced today that it has completed the acquisition of ADVANCED EDM AUTOMATION, Inc. of Poway, California. ADVANCED EDM AUTOMATION, a provider of precision metal fabrication and electrical discharge machining (EDM) capabilities, complements Veridiam's strategic integrated manufacturing initiative.

The move unites two of industry's most innovative and technologically advanced providers offering precision highly specialized metal tube and EDM/CNC machining capabilities. "Companies continue to push the limits of materials and manufacturing technologies in order to make their products last longer, work more efficiently or operate under extreme conditions" said Neal Nordstrom, Chief Executive Officer of Veridiam. "Veridiam and Advanced EDM have positioned themselves at the forefront of this trend, and together we will build on our combined strength to help improve our customers' products."

Both companies are integrating their operations, networks and customer care organizations to ensure a smooth transition and provide immediate value for their customers. "Our customers' loyalty is the foundation of our business and Veridiam's resources will further solidify our market position and help us continue our strong growth" said Norm Turoff, former President of Advanced EDM. Mr. Turoff will now serve as Director of Technology.

ABOUT ADVANCED EDM AUTOMATION

Founded by Mr. Norm Turoff in 1994, Advanced EDM has 60 employees.
The Poway, California company comes with technologically advanced capabilities, including all types (wire, sinker, hole drilling) of Electrical Discharge Machining (EDM), multiaxis CNC Machining, CNC Turning, Automated Systems, and Miniature Manufacturing.


ABOUT VERIDIAM MEDICAL

Veridiam, formerly known as Carpenter Special Products Corporation prior to its June, 2005 sale by Carpenter Technology Corporation to WHI Capital Partners, a Chicago-based private equity firm, is a machined parts and custom metal tubing specialist that has served as a major manufacturer of precision engineered, integrated build-to-print components for over 50 years. Veridiam manufactures assemblies, sub-assemblies, machined components and precision metal tubing for aerospace, nuclear power, medical and industrial applications, from high performance alloys including stainless steel and titanium. Managing the complete supply chain, Veridiam delivers a finished device to specification on time, saving time and expense. Its operations include over 170,000-sq. ft. of manufacturing space on 7 acres outside of San Diego, California. All products are quality system certified to ISO 9001:2000, AS 9100, and NQA-1.

More information is available by contacting:
Veridiam; Mr. Rich Hockman
(866) 466-6584; (619) 562-5776 (fax); sales@veridiam.com

Advanced EDM; Mr. Norm Turoff
(858) 679-5100; (858) 391-9193 (fax); nturoff@veridiam.com
www.veridiam.com


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EDITOR'S NOTE:

A high-resolution JPG photograph is available to accommodate this release. If you wish to download a high-resolution image directly from our web site, go to http://www.veridiam.com/news/VM7071.jpg (Click on or paste this link into your browser's address field).


PHOTO CAPTION:

ADVANCED EDM AUTOMATION, Inc. of Poway, California, has been acquired by VERIDIAM, a leading provider of welded and drawn tubing, plus metal and tubular components specifically fabricated to meet the demanding requirements of aerospace, nuclear power and industrial applications.


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Release No.: VM_7071[IND]

Veridiam Contact: Rich Hockman, Director - Sales & Marketing
(866) 466-6584, sales@veridiam.com

PR Agency Contact: Russell Risko, AdSpeak Marketing Communications
(215) 343-6565, rrisko@adspeak.com