Tokyo, Japan - November 29, 2006


Yokogawa Announces Cooperative Efforts with Dräger Safety

Yokogawa Electric Corporation announced today that it had entered into negotiations with Dräger Safety AG & Co. KGaA in Germany for future business collaboration.

The collaboration between the two companies includes the development of the world's first FOUNDATION fieldbus™ Fire and Gas Alarm System. 

FOUNDATION fieldbus has proven itself as the enabling technology for the intelligent field devices, with commercial benefits in the realization and operational phases.  To date, these benefits have been limited to the process control functions.  Both companies will extend FOUNDATION fieldbus benefits to the safety functions, both for central and for remote/distributed facilities, in a reliable and cost effective manner.  The FOUNDATION fieldbus-based fire & gas solutions consist of Yokogawa's network-based control system and Dräger's detection devices.  These systems will include open connectivity and an embedded Java operator interface, suitable for single and wide area distributed facilities.

This joint undertaking aims to combine the strengths of both companies into a unique offering in the fieldbus and safety system market segments: A convincing total solution (field sensors, process control and safety system, asset management software and associated engineering/maintenance services) will be offered through the worldwide marketing and sales infrastructure of both companies.

The collaboration enables both companies to enhance their fieldbus and safety solution portfolios.

About Dräger Safety AG & Co. KGaA
The company was founded in Lübeck, Germany in 1889 . Dräger Safety AG & Co. KGaA is one of the world's leading manufacturers of personal protection and gas detection technology, and a systems supplier of complete safety services. Represented in over 100 countries, the company has 40 subsidiaries and, with its 3,600 employees, achieved global sales of € 557.8 million in 2005 (EBIT: € 40.7 million). Dräger Safety operates production plants in Germany, Great Britain, USA, Sweden, South Africa and China. With its development, production, sales and service activities, Dräger Safety is a true global player in the world's markets. Additional information is available on the Company's website at http://www.draeger.com

About Yokogawa
Yokogawa's global network of 18 manufacturing facilities, 81 companies, and over 650 sales and engineering offices spans 30 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,000 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa. For more information about Yokogawa, please visit our web site at www.yokogawa.com