Gros-Ite Features Wide Range of High-Frequency, Motorized Spindles

FARMINGTON, Conn., Nov. 5 /PRNewswire/ -- Gros-Ite Precision Engineered Spindles, a division of EDAC Technologies (OTC Bulletin Board: EDAC - news), announces a wide range of high-frequency (HF), motorized spindles. Designed for internal grinding applications, the high-performance spindles are engineered for optimal reliability and long-life. In addition, Gros-Ite assembles its HF spindles in a Class 10,000 clean room, providing customers the value-added assurance of defect-free operation.

Gros-Ite's precision units come in a wide variety of horsepower, RPM levels and body styles. The spindles are available with power ranges up to 50 HP with maximum speeds up to 100,000 RPM. Body styles include Cartridge, Flange Cartridge, Base Mounted and Block Style. They can also be manufactured to replace OEM spindles in certain applications. High Frequency Motorized spindles are used in applications such as internal grinding of bearing races, internal thread grinding, and other precision bore grinding applications.

EDAC Technologies Corporation is a designer and manufacturer of tools, fixtures, jet engine components, injection molds and spindles. The company's Gros-Ite Precision Engineered Spindles division designs, manufactures and repairs spindles with precision rolling element bearings for grinding, boring, milling and similar rotating devices for a wide variety of industrial applications. For more information, contact EDAC Technologies Corporation, 1806 New Britain Avenue, Farmington, CT 06032; Tel: (860) 677-2603; Fax: (860) 674-2718; E-mail: info@edactechnologies.com; Web: www.edactechnologies.com.

Media contact:

• Harry McBrien
• Maier Marketing
• Farmington, CT
• Tel: (860) 677-4581
• harry@maier.com

Certain matters described in this report are forward-looking statements and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Without limitation, these forward- looking statements include statements about the Company's future operating performance and profitability. Such risks and uncertainties include, but are not limited to, factors which could affect demand for the Company's products and services such as general economic conditions and economic conditions in the aerospace industry and other industries in which the Company competes; competition from the Company's competitors; and the Company's ability to complete backlog orders in 2001. Other risks are set forth in the Company's reports and documents filed from time to time with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.