Document GKkpJJrY8anQbxnDeX9YG7g4v

ABEX CORPORATION ence. With the constantly increasing use of machines to do more and more of the world's work, the market for our friction products grows each year. We have developed and patented a new non-metallic friction product which provides higher energy absorp tion and other favorable characteris-. tics for especially severe service. It went into volume production in 1966. Industrial friction products are sold to many equipment manufacturers and to an ever increasing replacement market. S. K. Wellman Division sells replacement parts through a system of independent wholesalers in the United States, Canada and other countries. commercial aircraft, coupled with high sales for industrial equipment in the United States. The unprecedented demand for all types of military and commercial air craft and the high level of activity in the aerospace industry resulted in rec ord orders and shipments of our aero space hydraulic products. Abex participates in this marketwith several important product lines--a variety of pumps, motors and sub systems; hydraulic control equipment including servovalves, servoactuators and flight control systems; and with landing gear and machined structural components. Our products are used on most of the new commercial and military air planes and helicopters in the United States, Canada and Europe. They are also on many missiles and space vehicles. The backlog of orders on the books Hydraulic Products Sales of hydraulic products in 1966 amounted to $67,800,000, a 27% gain over 1965. This unusually large in crease in shipments was caused by large requirements for military and SCI 01684