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FOR IMMEDIATE RELEASE
Korry announces relocation to Snohomish County, Washington
SEATTLE, March 27, 2008 — Korry Electronics will relocate its facility from Seattle to unincorporated Snohomish County, near the south end of Paine Field Airport, it was announced today by company President Dan McFeeley. The new site is approximately 20 miles north of Korry's current facility in Seattle's South Lake Union area. The move will most likely happen in late 2009.
McFeeley said, "We are pleased to reach agreement with Snohomish County officials, and we appreciate their willingness to meet our needs. This new facility will provide us with the necessary room to grow." McFeeley added that the company is studying creative transportation schemes to help ease the transition on employees.
Capstone Partners LLC of Seattle will develop the new 250,000 square-foot facility.
Founded in Seattle in 1937, Korry Electronics is the world's leading manufacturer of electro-optical cockpit control and display solutions for the aerospace and defense industry. Korry employs more than 600 people and is a wholly owned subsidiary of Esterline Corporation (www.esterline.com; NYSE: ESL), a Bellevue, Wash. based aerospace and defense manufacturer.
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