About Crane

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls. Crane has approximately 10,000 employees in North America, South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

On February 3, 2010 Crane Co. completed its acquisition of all of the issued and outstanding shares of Merrimac Industries, Inc. (AMEX: MRM) through a short-form merger. The merger follows Crane's successful acquisition of more than 90 percent of the issued and outstanding Merrimac shares through a tender offer. Merrimac is now a direct, wholly-owned subsidiary of Crane.

Merrimac is part of Crane Aerospace & Electronics Microwave Solutions. Microwave Solutions provide RF and microwave products for the defense, space and communications industries for use in electronic countermeasures, missiles, radar, intelligence and guidance systems. We specialize in Mission Critical-Harsh Environment products for Airborne, Ship-borne, Land-based, Space, and Missile applications.

About Merrimac Industries, Inc.

Merrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave signal processing components, subsystem assemblies, and Multi-Mix® micro-multifunction modules (MMFM®), for the worldwide Defense, Satellite Communications (Satcom), Commercial Wireless and Homeland Security market segments. Merrimac is focused on providing Total Integrated Packaging Solutions® with Multi-Mix® Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. Multi-Mix® MMFM® provides a patented and novel packaging technology that employs a platform modular architecture strategy that incorporates embedded semiconductor devices, MMICs, etched resistors, passive circuit elements and plated-through via holes to form a three-dimensional integrated module applicable to High Power, High Frequency and High Performance mission-critical applications. Merrimac Industries facilities are registered under ISO 9001:2000, an internationally developed set of quality criteria for manufacturing operations.

Merrimac Industries, Inc. has facilities located in West Caldwell, NJ, San Jose, and Costa Rica, dedicated to the design and manufacture of signal processing components, gold plating of high-frequency microstrip, bonded stripline and thick metal-backed Teflon (PTFE) micro-circuitry and subsystems providing Total Integrated Packaging Solutions® for wireless applications.