(Strongsville, OH – October 29, 2007)  The IRIUM™ Group Europe, co-developer of IRIUM™ Business System Software for the
Equipment Industry, announced the completion of its management buyout operation which provides significant funding for future
development of IRIUM™. Although Edgerton Corporation remains independent from this buyout, its customers in the
Americas will directly benefit from the additional resources invested in IRIUM™.

The European management buyout operation was organized by Pierrick Guivarc’h, a new director and Didier Gillet and Frédéric Bon,
existing company mangers.   Two capital investment firms, Occam Capital and Friedl Investissement, joined as equity partners and
will be supported by Ernst and Young and KPMG Finance to fund the growth of the IRIUM™ application.   The investment team
plans to strengthen and grow its existing operations such as the continued enhancement of IRIUM™, training resources and
support services, software maintenance, specific customer developments, hardware system and network infrastructure upgrades. 
The funds will also be used for the exploration and incorporation of new technologies into IRIUM™ aimed at assisting our
customers’ growth.  These funds will help to continue IRIUM™’s placement as the number one worldwide ERP provider to the
equipment distribution industry.

 “The arrival of our new directors brings a determining added value to realize our ambitions and satisfy our French and International
customers,” says Pierrick Guivarc’h. Bob Walters, President of Edgerton Corporation in the Americas, agrees with Guivarc’h that the
assistance of these two capital investors will play an essential role in helping IRIUM™ continue its future development initiatives.
Today, IRIUM™ covers the three major geographical regions of Europe, South East Asia and the Americas, with research,
development and support centers in La Rochelle and Bordeaux, France, Sydney, Australia, Cleveland, Ohio, Tampa, Florida,
Mariposa, California and Phoenix, Arizona.

Jed Cavadas, Chief Operating Officer of Edgerton Corporation, applauds the new venture which he comments, “will serve to further
strengthen the global reach and add significantly to the IRIUM™ software development resources.”   

About IRIUM Group

IRIUM™ in Europe is the leading ERP software provider for distributors, rental houses and importers of equipment.  Founded in 1982,
in La Rochelle, France, the group has subsidiaries in France, Spain, Germany, United Kingdom and Australia as well as local partners in
the U.S. and Portugal.  IRIUM™ Group has more that 700 clients (14,000 users) of all sizes in all brands in over 30 countries.  IRIUM™
Group’s customers include most of the networks equipment builders or lease such as: AGCO, BM LOC, Caterpillar, CAT Store Rental,
CLAAS, CFM, CNH, DAF Entreposto Maquinas, Hitachi, Iveco, JCB, John Deere, Komatsu, Kubota, Kuhn, Kuiken, Laho, Liebherr
Rental, MAN, Manitou, OM Pimespo, Ryobi, Same Deutz, Scania, Terex, Volvo, Yale, etc.  More information is provided at
www.irium-group.com. 

About Edgerton Corporation

As a part of the IRIUM™ Group International, Edgerton has over 25 years of experience providing a full range of products and services
dedicated exclusively to the equipment management market. Edgerton supplies IRIUM™ and Minitrac Business Systems, along with
Sales Quotation Software, Document Imaging and Mobile Connectivity Applications.  Currently, Edgerton has over 250 equipment
distributors using their software products in North and South America.  Globally, over 700 distributors use either an Edgerton or
IRIUM™ Group product or service. More information on Edgerton Corporation is provided at www.edgertoncorp.com or call
440-268-0000 with any additional questions.

The combined IRIUM™ Group International has over 950 customers, 180 employees and collective sales of over 20 million dollars.