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HD Systems Merges with Harmonic Drive Technologies

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February 6, 2006—HD Systems Inc. and Harmonic Drive Technologies, Nabtesco Inc. have merged, effective Jan. 1, 2006.

The newly formed joint companny will be named Harmonic Drive LLC.

Harmonic Drive will employ approximately 90 individuals. Ownership is split between HD Systems (51%) and Nabtesco USA (49%).

The combined resources and technology will enable further work in the service, maufacturing and engineering of harmonic drive and related motion control products.

Office Locations:

Harmonic Drive LLC

247 Lynnfield St.

Peabody MA 01960

Phone: (978) 532-1800

New York Office:

Harmonic Drive LLC

89 Cabot Ct.

Hauppague NY 11788

Phone: (631) 231-6630

Harmonic Drive LLC will be led by Tetsuo Ikuta, president and CEO. Doug Olson is executive vice president and chief marketing officer. Joe Yang is executive vice president and CPO. Ronald Golini is vice president and chief financial officer.

The company manufactures precision motion control solutions for a wide range of applications. Servo actuators, gearheads, and gearingcomponents have superior performance features including high accuracy, fast response time, high torque

capacity, and compact size.