Aspen Compressor and U.S. Air Force Enter Agreement to Construct New Compressor Plant

Aspen Compressor received a follow-up contract from the U.S. Air Force to design and build a new domestic manufacturing plant for mini-compressors. The plant, to be located in Somerset, Kentucky, will fill a critical defense need for the foreseeable future. The total Department of Defense (DoD) authorization approved for this agreement is $5.6 million with additional funding expected in fiscal years 2007-2009. The plant will be capable of producing a family of small compressors and should have a manufacturing capacity in excess of 100,000 compressors per year.