K and M Company Background

	ITT Industries, Inc. ITT Industries is a global engineering and manufacturing company with leading positions in the markets it serves, generating 2003 sales of $5.6 billion. Based in White Plains, New York, ITT Industries employees 38,000 people around the world. Supplier of sophisticated military defense systems, and provides advanced technical and operational services to a broad range of government agencies Producer of connectors, switches, keypads and cabling used in telecommunications, computing, aerospace, and industrial applications, as well as network services Supplier of pumps, systems, and services to move and control water and other fluids Manufacturer of industrial components for a number of other markets, including transportation, construction and aerospace K and M Electronics, Inc. K and M Electronics, Inc., a wholly owned subsidiary of ITT Industries, is located in West Springfield, Massachusetts (approximately 30 miles north of Hartford, Connecticut; 90 miles west of Boston, Massachusetts; and 90 miles east of Albany, New York). K and M's facility houses a complete design, engineering, and manufacturing operation all under one roof. 30 years of experience in the design and manufacture of power supplies and high reliability electronic components Over 13 years experience in the design and manufacture of Channel Electron Multipliers 150,000 square foot, ISO 9001:2000 certified plant 260 employees - one location Value-added Turnkey Manufacturing Focused on the need of the OEM Business Continuity Plan in place Lean Manufacturing / Value Based Six Sigma

	K and M is a leading supplier of high and low voltage power supplies for military and commercial markets, miniaturized image intensification and mass spectrometry high voltage power supplies, channel electron multipliers (detectors) and high reliability electronic components for military and commercial applications. We are focused on meeting the needs of the OEM (original equipment manufacturer). K and M's products are installed in the following military applications: night vision, avionic, munitions/weapons, radar, communication, ground vehicles, missile warning, and GPS-based weapon navigation systems. Commercially, K and M's products are installed in analytical instrumentation, mass spectrometers, X-Ray tube, deep oil-well exploration systems, CCD image intensifier camera, bilge pumps as well as some of the most prestigious Fortune 500 companies in the world. Our design and manufacturing success has led us to be the #1 OEM supplier of night vision image intensification HVPS as well as the #1 world supplier of ceramic channel electron multipliers.

	The company is respected for the quality and integrity of its people, products and processes. Through a focus on continual improvement using *Value Based Six Sigma*, in an open and learning environment, supported by effective leadership and operational excellence, the company will provide high quality engineered products and services that exceed the expectations of our customers and create continual economic growth.