Sandvik Coromant Announces Technical Partnership with Stewart-Haas Racing


World's Leading Producer of Cutting Tools to Serve as an Official Sponsor of SHR

Fair Lawn, New Jersey, June 18, 2009 - Sandvik Coromant has formed a technical partnership with Stewart-Haas Racing (SHR), the NASCAR Sprint Cup Series team co-owned by two-time Sprint Cup champion Tony Stewart and Haas Automation. The partnership allows the cutting tool manufacturer to become an official team sponsor, while providing SHR with all of its indexable tooling needs for its Haas CNC machines.

Sandvik Coromant will add another dimension in technical expertise for SHR when it comes to finding machining solutions and employing the industry's latest techniques. It also strengthens Sandvik Coromant's relationship with Oxnard, Calif.-based Haas Automation, the largest CNC machine tool builder in the western world.

"From an SHR and Haas Automation standpoint, this partnership with Sandvik Coromant gives us the best of both worlds," said Joe Custer, executive vice president for SHR. "Not only does our race team get the finest tools for our CNC machines, but it also allows Stewart-Haas Racing to raise the bar even higher in terms of quality and performance."

"This is an excellent opportunity for Sandvik Coromant to showcase the importance of having the latest tools and techniques available to properly compete at the highest level of NASCAR," added Brian Norris, vice president of marketing for Sandvik Coromant U.S. "SHR is a perfect partner for us, as they are like-minded in our pursuit of the best result possible. The success they've achieved in such a quick amount of time speaks to the professionalism of the organization. We look forward to working together."

About Sandvik Coromant

As the world-leading supplier of high quality cutting tools, Sandvik Coromant helps customers think smart, work smart and earn smart. The company provided US customers with $79 million in documented cost savings in 2008. For more information regarding products, applications and services that can help you earn smart, contact Sandvik Coromant Company, 1702 Nevins Road, Fair Lawn, NJ 07410, phone 201.794.5223, fax 201.794.5217 or visit http://www.coromant.sandvik.com/us.

About Stewart-Haas Racing

Stewart-Haas Racing is the NASCAR Sprint Cup Series team co-owned by two-time Sprint Cup champion Tony Stewart and Haas Automation, the largest CNC machine tool builder in the western world. The team fields two entries in the elite Sprint Cup Series - the No. 14 Office Depot/Old Spice Chevrolet Impala SS for Stewart and the No. 39 U.S. Army/Haas Automation Chevrolet Impala SS for 2008 Daytona 500 winner Ryan Newman. Based in Kannapolis, N.C., Stewart-Haas Racing operates out of a 140,000-square-foot shop with more than 150 employees.

CONTACT:
Björn Roodzant
Tel: 201.794.5223
Jim May, dgs
317.813.2226

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