Allegheny Technologies Completes Acquisition of Crucible Powder Metals

PITTSBURGH--(Business Wire)--
Allegheny Technologies Incorporated (NYSE: ATI) announced that it has completed
the purchase of the assets of Crucible Compaction Metals and Crucible Research
for $40.95 million. The combined resources of Crucible Compaction Metals and
Crucible Research constitute one of the world`s most technically advanced
producers of nickel-based superalloy powder metals used in the aerospace and
defense, oil and gas, electrical energy, and medical markets. ATI also announced
that the business has been named ATI Powder Metals.

"Expanding our product breadth into technically advanced powder metals has been
an ATI strategy for some time. This important acquisition is an excellent entry
point," said L. Patrick Hassey, Chairman, President and Chief Executive Officer
of Allegheny Technologies. "ATI Powder Metals is a supplier of nickel-based
superalloy powder products for use in jet engines and other critical
applications. Advanced powder metal engineered products are preferred for
certain near-net shape parts that require complex alloy chemistries.

"Advanced powder metals provide a new growth opportunity for ATI. Improved fuel
efficiency standards and green initiatives are driving jet engine operating
temperatures to higher levels, which increases the need for powder metal
products. In addition to aerospace and defense, we see growth opportunities for
powder metals in the oil and gas, electrical energy, and medical markets.

"The economics of the transaction are attractive. We expect the acquisition to
be accretive to earnings beginning in 2010. In addition, we see opportunities
for significant growth and synergies.

"ATI Powder Metals combined with ATI`s unsurpassed specialty metals technology
and manufacturing capabilities provides a platform to develop new nickel-based
superalloy and titanium alloy products and expand the application of these
technically advanced specialty metal powders."

ATI Powder Metals is located in the western suburbs of Pittsburgh.

This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are
based on management`s current expectations and include known and unknown risks,
uncertainties and other factors, many of which we are unable to predict or
control, that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the forward-looking
statements. Additional information concerning factors that could cause actual
results to differ materially from those projected in the forward-looking
statements is contained in Allegheny Technologies' filings with the Securities
and Exchange Commission. We assume no duty to update our forward-looking
statements.

Building the World`s Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified
specialty metals producers in the world with revenues of $5.3 billion during
2008. ATI has approximately 8,500 full-time employees world-wide who use
innovative technologies to offer global markets a wide range of specialty metals
solutions. Our major markets are aerospace and defense, chemical process
industry/oil and gas, electrical energy, medical, automotive, food equipment and
appliance, machine and cutting tools, and construction and mining. Our products
include titanium and titanium alloys, nickel-based alloys and superalloys,
grain-oriented electrical steel, stainless and specialty steels, zirconium,
hafnium, and niobium, tungsten materials, and forgings and castings. The
Allegheny Technologies website is www.alleghenytechnologies.com.

Allegheny Technologies Incorporated
Dan L. Greenfield, 412-394-3004

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