_{SETCO TAKES SPINDLE SERVICE EXPERTISE GLOBAL}

Cincinnati, OH - June 14, 2012 - Setco is proud to announce the purchase of a majority interest in Ultra Precision Spindles Pvt., Ltd. of Pune, India. After 100 years of serving North America, Setco is excited to offer its expertise to the India spindle market. Established in 1993, Ultra Precision Spindles Pvt., Ltd. (UPSPL) is the largest independent rebuilder of precision machine tool spindles in India offering complete repair, rebuild and spindle retrofit services.

Jeff Clark, President of Setco, "UPSPL is a perfect fit for Setco's company strategy of growing sales globally by opening operations in fast-growing international markets. Setco and Ultra Precision Spindles Pvt., Ltd. have a great 5 year working relationship and so it is natural that Setco begin its overseas expansion collaborating with a company that shares the vision to be the best spindle services company in the world. Setco is now on the map to serve India's fast developing manufacturing base and better support it's global customer base."

UPSPL - Ultra Precision Spindles Pvt., Ltd. manufacturing and corporate office is located in Pune, Maharashtra, India. Ultra Precision Spindles Pvt., Ltd. is a leader in the design, manufacture and service of high performance precision spindles. UPSPL offers more than 40 years of experience in the area of spindles and its application technology with grounded technical knowledge and reliability. Ultra Precision Spindles Pvt., Ltd. strives to achieve "uno-numero" position in reconditioning activity of integrated and belt driven spindles of machining center, grinding machines and PCB Spindles. UPSPL seeks to become a quality conscious manufacturer of belt driven spindles in India.

Introducing SETCO^™ ReBuild, the premier precision spindle repair service that delivers the best value, highest performance, and the most dependable customer service in the industry. SETCO offers the most extensive spindle service in North America, servicing most any make, model and size; including foreign, domestic and OEM brands.

With Setco you get the benefit of working with the leading manufacturer recognized for the most reliable precision spindles in North America to take your manufacturing performance to a higher level. Our ReBuild retrofit service packages are the best in the industry and can increase power, enable higher spindle speeds, improve reliability, and bring better accuracy to your machine.

For special machine applications, our in-house engineering and manufacturing capabilities allow us to re-engineer and make new parts, as well as retrofit newer spindle technologies into older designs for even greater performance.

SETCO ReBuild will maximize spindle performance to improve productivity, decrease downtime, and reduce maintenance costs while improving spindle reliability. We back all our work in writing and offer the best warranty in the industry. With ReBuild you have a spindle partner that will help you grow and get the most out of your business.

The Setco Rebuild Process

From start-to-finish, customer service is our highest priority. We back all our work with a written warranty, and our commitment to return your spindle with "like-new" performance.

• Expert CNC Spindle Repair, Rebuild & Retrofit Services
• We Rebuild Most Makes, Models & Size Spindles
  - Belt-driven, CNC, Gear-driven & Motorized Designs
  - Standard & High Speed Models
• 24 Hour Emergency Services Available

Supported by four fully equipped Spindle Centers, you can rely on SETCO for quick and professional spindle rebuild services.

1 Failure Analysis

We do a "failure analysis" on all spindles to isolate and determine the reason it failed.

2 Component Inspection

We examine all components for any signs of wear, improper fit & size.

• This includes: bearing journals, bores, shoulders, shafts, caps, bushings & spacers.

3 Firm Price Quote

We "firm price" our rebuilds, free-of-charge & without obligation.

• Once approved, work is started immediately.
• If you decide not to have SETCO rebuild your spindle, we promptly return your spindle.

4 Part Replacement & Reconditioning

We replace or re-condition parts to OEM specs to ensure "like new" operating performance.

• Housings Are Sleeved & Machined
• Shafts Are Chromed & Reground
• Components Are Checked for Balance
• All Spindle Bearings Are Replaced
• All Spindle Seals Are Replaced
• Motors Tested & Rewound

5 Reassembly

We reassemble your spindle, precision balance and run-in under controlled conditions. We also collect signature data and record it for future reference.

6 Return

When your spindle is complete, we return it to you with" like new" performance & backed with a written 12-month SETCO warranty.

SETCO IS HERE TO HELP!

If you have a machine spindle problem and need some ideas on what could be wrong, all our service centers are staffed with experts that offer years of experience with precision spindles. There is a good chance we can offer suggestions that will help you isolate the problem.

SETCO offers expert spindle repair services, including spindle balancing and emergency repair services. For the location of the nearest SETCO Service Center, Click Here!