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For Immediate Release

Contact: Betsy Wolking

June 16, 2009 (859) 359-4052

INDY HONEYCOMB RECEIVES 2008 OVERALL PERFORMANCE AWARD

COVINGTON, Ky. European aerospace industry leader Aircelle presented Northern Kentucky based company Indy Honeycomb with the 2008 Overall Performance Award on Tuesday, June 2, 2009.

Last year, Indy Honeycomb President Steve Barnett signed a three year, $1.5 Million Dollar contract with Aircelle, a French aircraft engine exhaust and nacelle manufacturer owned by the Groupe SAFRAN. The contract allows Indy Honeycomb to produce the titanium structural honeycomb parts for Aircelle’s use in the production of the exhaust system of the Airbus A380.

Indy Honeycomb has been producing structural honeycomb for over 12 years, and is pleased to accept this award in only its first year of a three year contract with Aircelle. In response to the award, Barnett commented, To receive the Overall Performance Award from Aircelle is an honor considering they are one of the premier players in the global nacelle market. It is gratifying to provide local jobs and further expand our international business in the European market. We are a small company committed to excellence, and are gratified and excited to have Aircelle recognize this.”

Aircelle’s satisfaction with Indy Honeycomb, shown in the presentation of the coveted Overall Performance Award, is even further progress toward Indy Honeycomb’s goal to be a first tier supplier in the exhaust portion of the structural honeycomb market. This award was presented to only two companies in North America.

Attached is a photo from the presentation of the 2008 Overall Performance Award. Back row: Merzuk Ramic, Quality Manager, Indy Honeycomb; Sergiy Papyshev, Engineering, Indy Honeycomb; Russell Putthoff, Supervisor, Indy Honeycomb; Front Row: Steve Barnett, President, Indy Honeycomb; Daniel Tripet, Supplier Development, Aircelle Representative

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