Simsbury, CT, USA - October 2, 2002 - Veeder-Root, the leader in automatic tank gauging and fuel management systems, including the Red Jacket® brand of submersible pumps and pressurized line leak detectors, announced today that it has been awarded a global alliance agreement with Shell International.

"I believe Shell chose Veeder-Root because of our proven ability to meet Shell's need for inventory monitoring and leak detection equipment." said Martin Gafinowitz, Veeder-Root's Vice President and General Manager. "Shell needs a company that not only can supply, but also can support and maintain their equipment globally."

Veeder-Root represents the leading brands of solutions and technologies that provide convenience, control, and environmental integrity for retail fueling and adjacent markets. Veeder-Root is backed by the financial strength of its parent company, Danaher Corporation, and has equipment installed in over 500,000 sites across the United States.


About Veeder-Root
Veeder-Root is a leading global supplier of automatic tank gauging and fuel management systems, including the Red Jacket® brand of submersible pumps and pressurized line leak detectors. Veeder-Root and Red Jacket brands are both market leaders with a tradition of excellence in the petroleum industry. Veeder-Root recently combined with Gilbarco, Inc. to form a single company owned by Danaher Corporation. Veeder-Root is headquartered in Simsbury, Connecticut. www.veeder.com

Contact: Eva Holdenried Veeder-Root Company 125 Powder Forest Drive P.0. Box 2003 Simsbury, CT 06070 860.651.2879 phone 860.651.2719 fax eholdenried@veeder.com