S i e m e n s - A l l i s C h a n g e s N a m e To Siemens Energy & A u t o m a t i on

— C o l o r Brochure A v a i l a b le Harry S. Burker Jr., president and chief executive officer of Siemens-Allis, has announced that, effective immediately, the company will be named Siemens Energy & Automation, Inc. The name change follows Siemens' purchase of Allis-Chalmers' remaining interest in Siemens-Allis last fall.

"The new name appropriately reflects Siemens' full ownership of our company, as well as our increasing involvement with the Siemens organization worldwide to optimize technological leadership," Mr. Burker said. "However, to our customers, we will be known simply as Siemens," he added.

Prior to the buyout, Siemens has gradually increased its ownership of Siemens-Allis since 1978 when it initially purchased 20 percent of what was then the Electrical Products Group) of Allis-Chalmers. During that period, Siemens introduced a number of high-technology developments into the Siemens-Allis product line, which was further expanded in 1983 by the acquisition of the ITE electrical products business from Gould Inc.

Headquartered in Atlanta, Siemens Energy & Automation is a manufacturer of electrical and electronic equipment for marine electric utilities and general industry. The company has 24 plants in the U.S. and its products are marketed worldwide.

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