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Parker Hannifin's Sponsored Team Wins the World of Outlaws Sprint Series Championship

December 18, 2006

CLEVELAND, Dec. 18 /PRNewswire/ -- The ability to race at lap speeds well into the 120 mph range on a quarter mile dirt oval is an engineering achievement. Consistently leading laps and winning races over an eight-month, sixty-nine event race season is a championship performance. It's what Donny Schatz accomplished in this year's World of Outlaws Sprint Series with a little help from his friends -- the ParkerStore racing team.

At the awards banquet in Las Vegas, the champion acknowledged the contributions of his team and sponsors to his success. Parker Hannifin, the global leader in motion and control technologies, provides both financial and product support to the Schatz racing team. Parker's branded distributor network, known as ParkerStores, have been the primary sponsor with Donny Schatz Motorsports since 1999, and help keep the team's engineered motion and control products on its tractor and trailer in championship form.

Parker products are used on the fuel, oil and air systems aboard the trailer to provide multiple race necessities. All compressed air for tools used on the race car passes through Parker conditioning filters to remove contaminants and water. Compressed air for the tires is transformed into more consistent and cooler running nitrogen, thanks to a Parker nitrogen generator. Of course, all the fluid connectors, quick couplings and hose products are Parker's. Plus, fuel and water separators with built-in heaters and cleanable oil filtration systems keep the diesel rig running on time for the busy and demanding race schedule.

"It is great to have a partnership with a winning team like Donny Schatz Motorsports," stated Brad Fischer, Global Retail Operations Manager. "Teams of this caliber depend on high quality products and service. Our relationship with them has been a winning combination, just as ParkerStores creates a winning combination with our customers to help them improve their business. Our congratulations to the championship Schatz team."

With annual sales exceeding $9 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at www.parker.com, or its investor information site at www.phstock.com.

SOURCE Parker Hannifin Corporation 12/18/2006 CONTACT: James C. Cartwright, Communications Manager of Parker Hannifin Corporation, +1-216-896-2752, or jcartwright@parker.com

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