Morgan Signs Licensing Agreement with UK Firm
WORCESTER, Mass., October 10, 2002

The MORGOIL® Bearing Division of Morgan Construction Company has signed an exclusive license agreement with Tentec Limited, of West Browich, England, for the rights to the company's patent for a new chock roll clamp design.

Scott Simpson, vice president and general manager of MORGOIL, in announcing the agreement, said, "The Tentec chock roll clamp design is fully compatible with MORGOIL bearings and can be used on both new and existing mills. The product is currently operating in both hot strip and tandem cold mills in the United Kingdom." He added that the license covers all products, present and future that are designed utilizing this patent.

Tentec® was formed in 1988 to provide a diverse range of standard and special design bolt tensioning systems for industrial applications worldwide.

The MORGOIL® Bearing Division provides a wide range of oil film bearing solutions for the most demanding applications in the metal rolling industries worldwide. Its parent firm, Morgan Construction Company, is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide.

Questions or comments can be e-mailed to: sales@morganco.com