09/29/06 - HK Systems Aquires AGV Products

Press Contact:
Cheryl Falk
Vice President, Corporate Marketing
262-860-6715
cheryl.falk@hksystems.com

FOR IMMEDIATE RELEASE:

HK SYSTEMS ACQUIRES AGV PRODUCTS


MILWAUKEE, WISCONSIN, SEPTEMBER 26, 2006 --- HK Systems, Inc. today announces the acquisition of AGV Products, a leading supplier of automated guided vehicles (AGV), based in Charlotte, North Carolina. The transaction, effective immediately, adds to and enhances the current HK Systems’ AGV solution offering. The resulting state-of-the–art family of products enables HK to deliver comprehensive
end-to-end AGV product and application solutions.

Mats Herrstromer, AGV Products founder stated, "AGV Products is excited to become a part of the
HK Systems’ organization. We have partnered with HK for more than five years as a supplier of advanced laser-guided AGV Systems, and this acquisition is a natural progression of our business model, enabling us to introduce our unique technology to new markets."

John W. Splude, HK Systems’ Chairman and Chief Executive Officer, stated, “HK is excited to infuse our current AGV offering with enhanced technology and the latest advancements in robotic transport such as laser guidance, quad maneuverability, laser bumper technology, and automatic battery charging.” Splude continued, “The comprehensive AGV solutions will allow customers to experience increased profitability, reduction of labor, and the elimination of material damage – all critical elements in environments we operate in today.”

About AGV Products

AGV Products is a leading supplier of state-of-the-art AGV Systems for many industries and applications in manufacturing, distribution, and warehousing environments. The company offers a standard line of laser-guided forklift AGVs and custom-made AGVs for loads from 100 to 100,000 pounds. AGV Products is also responsible for developing the most advanced AGV laser guidance systems allowing users to create and modify the vehicle path in seconds by the "click and drag" of a mouse.

About HK Systems

HK Systems is North America's most experienced automated material handling and supply chain software total solutions provider. The company's comprehensive product and service offerings include automated storage and retrieval systems, automated guided vehicles, conveyance, sortation, customer services, warehouse management, transportation management, and event management systems.

Addressing the synchronized flow of material and information throughout a company's network,
HK Systems develops, deploys, and maintains innovative solutions that improve customer service, reduce inventory and delivery time, and lower overall costs of manufacturing, distribution, and transportation.

For more information regarding HK Systems, its products and/or services, call 1-800-HKSYSTEMS or visit www.hksystems.com.

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