Johann T. and Johanna Hess - Page 3

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          completed contract basis, meaning a sale is not booked until 95             
          percent of the costs of the contract are expended and the                   
          equipment is substantially complete.                                        
               As of November 1995, HII held stock in four subsidiaries:              
          Hess Engineering, Inc. (HEI), Capital Technologies, Hess MAE, and           
          X-Cel Steel Fabricating.  HEI is a wholly owned subsidiary of               
          HII.2  It is HII’s largest subsidiary, and it operates as a                 
          consulting engineering firm, engages in the business of designing           
          special machines, and also manufactures equipment for the steel             
          wheel and metal process industries.  Capital Technologies, the              
          second largest subsidiary, builds tools and dies for the                    
          automotive and appliance industries, and also builds factory                
          automation systems for the automotive industry.  Hess MAE builds            
          straightening machines and spin-forming lathes.  X-Cel Steel                
          Fabricating fabricates and supplies steel weldments and burnouts            
          for the machine building industries, including HII’s affiliates.            
               In February 1977, HEI hired Fritz Kucklick as vice president           
          of sales and service.  Mr. Kucklick had previously worked with              
          Mr. Hess at Grotnes Machine Works, where Mr. Hess was the                   
          director of engineering and Mr. Kucklick was a project engineer.            
          Mr. Kucklick assumed responsibility at HEI for application                  
          engineering; preparation of quotations, cost estimates, and                 


               2Between 1977 and 1995, HII made a number of acquisitions,             
          and the company grew to 400 employees.                                      




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