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February 12, 2002

STULL TECHNOLOGIES UNVIELS PLANS FOR PLANT MODERNIZATION

Stull Technologies announced today their short and long term plans to upgrade and modernize their Somerset, NJ facility. Stull is currently negotiating terms to purchase new electric molding and assembly machines.

According to Gene Stull, Stull Technologies Chairman and CEO, "this has been our goal for some time and we feel we are now in a strong position to begin negotiating terms for the implementation of an all electric facility. This move will strengthen our infrastructure, help to reduce costs for our customers, while serving customers with a world class operation."

Stull will proceed with the purchase of new machines later in the year and continue to implement new equipment until their facility is completely upgraded. The plan will improve quality, cleanliness, maximize efficiency and productivity, as well as create a better working environment for employees as a result of a more accommodating facility.


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