Shell chooses Parker Hannifin as a Supplier of Instrumentation Products

Shell's Enterprise Framework Agreement covers the supply of instrument tubing fittings, manifolds, valves, process-to-instrument valves and related products

arnstaple, UK, January 4, 2012 --- Parker Hannifin Corporation, the global leader in motion and control technologies, has signed an Enterprise Framework Agreement (EFA) with Shell as a single source supplier for the provision of instrumentation valves, manifolds, process-to-instrument valves, fittings, tubing, protective enclosures and related products. Under the terms of Shell's EFA - which runs for an initial period of five years - Parker's Instrumentation Group will supply Shell and its affiliates worldwide with a broad range of process instrumentation products.

"We are delighted to win this contract with such a major player in the oil and gas business, and are confident that our manufacturing resources on three continents and our global Parker Sales Company support network will meet the enormous challenges of this supply agreement", says Ian Huggins, General Manager of Parker Hannifin's Instrumentation Products Division in Europe. "We are also excited with the prospect of closer engineering cooperation, as this will give us a front row view of emerging technical challenges in critical application areas."

"We see this agreement marking the start of a sustained period of progress in instrumentation technology", adds Sheldon Banks, EMEA Sales and Marketing Manager of Parker Hannifin Instrumentation Products Division in Europe. "We believe that such a cooperative relationship between major players in their respective spheres will help to establish many new standards for performance, safety and cost reduction."

Over the last decade, Parker has invested heavily in innovation, and has made many significant advances in areas including safety, speed of installation and maintenance, and lowering emissions. In particular, Parker's new products can dramatically reduce the number of potential leak paths in a fluid flow system, and improve ergonomics for instrumentation and maintenance engineers. Its core values of 'faster, smarter, cleaner, safer' capture the company's goal of leadership in the process instrumentation market.

Also important is Parker's long experience in designing and manufacturing instrumentation using specialized alloys that optimize protection against corrosion - a major problem for many current oil and gas projects.

The Instrumentation Group is dedicated to being the global leader in the design, manufacture and distribution of high quality, critical flow and ultra-high purity components for the petrochemical, chemical processing, oil and gas, power generation, water analysis, biopharmaceutical, semiconductor, and analytical equipment industries.

With annual sales exceeding $12 billion in fiscal year 2011, 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 mobile, industrial and aerospace markets. The company employs approximately 58,000 people in 47 countries around the world. Parker has increased its annual dividends paid to shareholders for 55 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 http://www.parker.com, or its investor information web site at http://www.phstock.com.