WEIDMANN Announces Agreement to Acquire Oil Testing Labs From GE Energy

HANOVER, NH, Mar 24 (MARKET WIRE) --
Weidmann Electrical Technology, one of the two business areas of the
Weidmann International Corporation ("WICOR") Group, is a global leader in
insulating materials and components for high voltage applications and
diagnostic services for the Energy market. Today they announced their
agreement to acquire GE Energy's oil testing labs located in Denver,
Colorado, USA, Burlington, Ontario, CAN and Montreal, Quebec, CAN.

With headquarters in Rapperswil, Switzerland, Weidmann Electrical
Technology ("Weidmann") has for more than 130 years been an integral part
of the global energy market, providing insulating material used in
high-voltage power transformers as well as distribution transformers. With
global manufacturing and engineering capability and two high voltage test
labs in Vermont, USA and Rapperswil, Switzerland, Weidmann provides its
customers with a full service solution for all their insulation
requirements.

In addition, its subsidiary, Weidmann Diagnostic Solutions, is a leader in
diagnostic, data management, and oil testing services important to power
equipment users in the electric utility and industrial sector. It operates
nine oil testing and diagnostic service centers in North America and plans
to open additional labs in Asia, the Middle East, Europe, and Latin
America. The acquisition of the oil testing labs from GE will enable
Weidmann Diagnostic Solutions to further enhance its customer service and
to bring its world-class products and services to more customers in more
regions of North America. Please visit www.weidmann-diagnostics.com for
more information.

GE Energy service facilities that currently use the noted GE labs will now
use Weidmann Diagnostic Solutions as their provider of oil testing and
diagnostic services in North America.

About the WICOR Group

The WICOR Group develops, produces, and distributes high-voltage
insulation materials and components as well as sophisticated diagnostics
and oil testing services for transformers (Business Area Electrical
Technology), and sophisticated injection molded plastics applications for
automotive, sensor and water management technology, and medical
technology customers (Business Area Plastics Technology).

The WICOR Group is active worldwide in 25 locations and employs a staff of
3,800. In 2007, it achieved net sales of 713 MCHF. The headquarters of
the WICOR Group is in Rapperswil-Jona, Switzerland.

For more information contact:

WICOR Americas Inc.
Jurg Brunner
President and CEO
80 South Main Street
Hanover, NH 03755
Phone: 603-640-6100
E-mail: Email Contact
www.weidmann-electrical.com

Copyright 2009, Market Wire, All rights reserved.

-0-