Siemens Acquires Bridges Electric

Raleigh, N.C., Jan 26, 2007 - Siemens Power Transmission & Distribution, Inc. (SPT&D) announces that it has acquired Bridges Electric, Inc. of Heber Springs, Arkansas.

The acquisition of Bridges Electric allows Siemens to expand its market with the addition of Bridges’ disconnect switch business in the North American market.

Bridges Electric, Inc. has been serving the power transmission and distribution community with reliable solutions for its overhead distribution systems since 1962. The company was founded by Ronald P. Bridges and under his leadership the company grew to be an innovator in the disconnect switch business. The Company designs and produces a variety of air break switches including three phase gang operated air break switches manual and motorized, station class single phase hookstick disconnects, distribution class single phase hookstick disconnects, and regulator as well as OCR by-pass switches.

“Bridges has established an excellent reputation in the disconnect switch business. Their product portfolio and team commitment to quality will be valuable enhancements to SPT&D,” said Siemens Power Transmission & Distribution President and CEO Dave Pacyna. “This acquisition is a further indication of our long term commitment to advance our leadership position in the transmission and distribution industry. I look forward to working with the Bridges Electric, Inc. team as we integrate this business into SPT&D.”

“We are joining a business focused on market expansion and growth,” said Jeff Puckett, who has led Bridges Electric for the past 3 years. “This transition will open a world of new opportunities for our customers, our employees and our business here at Bridges Electric, Inc.”

About Siemens Power Transmission & Distribution (USA)

Siemens Power Transmission & Distribution, Inc., headquartered in Raleigh, NC, creates innovative product, system and service solutions for its customers – electric utilities, transmission organizations, Independent System Operators, and large energy consumers. It is a leading supplier of high and medium voltage power delivery equipment, energy management systems, network planning and power system engineering software for regulated and deregulated generation, transmission, and distribution markets. The company’s products and systems are used to increase power system capacity and improve the reliability, stability and flexibility of power delivery and network control systems. It has operations in Wendell, NC; Jackson, MS; Minneapolis, MN; San Jose, CA; Schenectady, NY; Jackson, TN; and Atlanta, GA. For more information visit us at: www.usa.siemens.com/energy.

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of 87.325 EUR billion in fiscal 2006. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of 17.388 EUR billion and employs approximately 67,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens’ worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 475,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com.

Contact Information

Holly Bounds

Siemens AG

Contact via E-mail