Hardinge Inc. Appoints Two New Members To Board Of Directors

Hardinge Inc. (NASDAQ:HDNG), a leading international provider of advanced metal-cutting solutions, announced that its Board of Directors, at their February 14, 2012 meeting, appointed Robert J. Lepofsky and Tony Tripeny as Independent Directors filling one vacancy and adding an additional member. The Board will now consist of eight directors of which seven are independent. Both members will be standing for election at the Company’s 2011 annual meeting in May, with Mr. Lepofsky as a Class I Director and Mr. Tripeny a Class II Director.

“Bob and Tony bring high caliber experience as well as deep knowledge across multiple disciplines to our Board, and we believe they can provide significant contributions to the shared vision for Hardinge’s growth and market expansion,” noted Richard Simons, Chairman, President and Chief Executive Officer. “Their combined operational and financial experience as well as their global exposure with large public companies should prove valuable to our strategy to continue to expand our global presence by capitalizing on the increasing world-wide need for high quality, reliable precision machine tools and to further our market penetration throughout all industries in both mature and emerging economies.”

Mr. Lepofsky, retired Chief Executive Officer of Brooks Automation, Inc. (NASDAQ: BRKS), a global leader in factory automation, vacuum and instrumentation solutions for the semiconductor and allied industries, has over 35 years of experience in various leadership roles and has operated in a variety of global environments spending the majority in operations and strategic roles. He currently serves on the Board of Directors of publicly-held Avantair and was a director at Brooks Automation, Inc., Helix Technology, Ensign-Bickford Industries Inc. and Moldflow Corporation.

Over the last 25 years, Mr. Tripeny has held a variety of leadership positions for Corning Incorporated (NYSE: GLW), a nearly $8 billion global manufacturer of specialty glass and ceramics for telecommunications, automotive, life sciences and consumer products industries. He currently is their Senior Vice President, Corporate Controller and Principal Accounting Officer. Prior to joining Corning, Mr. Tripeny spent four years with GKN Automotive in various finance roles.

Mr. Lepofsky will serve on the Board’s Compensation and Investment committees, while Mr. Tripeny will serve on the Board’s Audit and Compensation committees. Both Directors will also serve on the Nominating and Governance committee.

About Hardinge

Hardinge is a global designer, manufacturer and distributor of machine tools, specializing in SUPER-PRECISION® and precision CNC Lathes, high performance Machining Centers, high-end cylindrical and jig Grinding Machines, and technologically advanced Workholding & Rotary Products. The Company’s products are distributed to most of the industrialized markets around the world with approximately 75% of its sales outside of North America. Hardinge has a very diverse international customer base and serves a wide variety of end-user markets. This customer base includes metalworking manufacturers which make parts for a variety of industries, as well as a wide range of end users in the aerospace, agricultural, transportation, basic consumer goods, communications and electronics, construction, defense, energy, pharmaceutical and medical equipment, and recreation industries, among others. The Company has manufacturing operations in Switzerland, Taiwan, the United States, China and the United Kingdom. Hardinge’s common stock trades on the NASDAQ Global Select Market under the symbol, “HDNG.”

For more information, please visit http://www.hardinge.com.

Safe Harbor Statement

This news release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Such statements are based on management's current expectations that involve risks and uncertainties. Any statements that are not statements of historical fact or that are about future events may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. The Company's actual results or outcomes and the timing of certain events may differ significantly from those discussed in any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Copyright Business Wire 2010

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