Dresser Inc. completes labor negotiation at its Connecticut facilities

Dresser Inc. announced that negotiations between its Dresser Instruments businesses located in Stratford and Shelton, Connecticut, and the Production and Maintenance employees represented by Teamsters Local Union No. 145, affiliated with the International Brotherhood of Teamsters, were successful resulting in a new five-year labor agreement. Details of the agreement were not disclosed.

DALLAS, June 11, 2003 -- Dresser Inc. announced that negotiations between its Dresser Instruments businesses located in Stratford and Shelton, Connecticut, and the Production and Maintenance employees represented by Teamsters Local Union No. 145, affiliated with the International Brotherhood of Teamsters, were successful resulting in a new five-year labor agreement. Details of the agreement were not disclosed.

Calvin E. Kish, vice president and general manager of Dresser Instruments stated, "I am pleased that the company and its employees have come to a mutually acceptable agreement. In these difficult economic times it is important for both parties to realize that cooperation is key to keeping a business viable. I recognize the difficult choices that were made in reaching this agreement, and appreciate that the union and the employees are understanding of the business environment we all face."

Dresser Instruments, a unit of Dresser, Inc. manufactures gauges, thermometers, switches, transducers, transmitters, data loggers, calibration equipment and isolators for pressure and temperature measurement and control. Product brands include Ashcroft®, Heise®, Willy®, Ebro® and Weksler®. Dresser Instrument's website can be accessed at www.dresserinstruments.com.

Headquartered in Dallas, Texas, Dresser, Inc. is a worldwide provider in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and compression and power systems segments of the energy industry. Dresser has a widely distributed global presence, with over 7,500 employees and a sales presence in over 100 countries worldwide. Dresser's website can be accessed at www.dresser.com.

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