Despatch Industries Realigns Corporate Business to Focus on Growth Markets

MINNEAPOLIS, MN--(Marketwire - November 10, 2008) - Despatch Industries, the leading process technology provider for the clean technology and thermal processing industries, announces that it has organized its business into three units: Despatch Solar, Despatch Carbon Fiber and Despatch Thermal Technology. The company has seen unparalleled growth in these markets and is now suitably aligned to focus on building strong partnerships with its customers, to expand its technology and process innovations and broaden its reach in these industries. The new business unit arrangement also allows Despatch to capitalize on the company's century of experience in technology and engineering.

"Streamlining into three business units allows us to be in the best position possible to take advantage of growth opportunities in our thriving solar, carbon fiber and thermal processing markets," states Patrick Peyton, Despatch CEO. "This is a great time for Despatch. I am very excited about our future and the leadership team's involvement and commitment."

Despatch provides integrated, thermal processing solutions to manufacturers throughout the world. Through innovative clean technology solutions Despatch is playing a significant role in the effort to positively affect climate change. Despatch partners with leading solar manufacturers to provide the tools and technical expertise required for processing highly efficient, low cost solar cells. Carbon fiber manufacturers around the world are using Despatch technology to produce super-strong, lightweight composite material for use in fuel efficient vehicles and aerospace and wind energy applications. We are driven by the challenge of providing advanced technology solutions for a sustainable future.

For more information on Despatch visit our website: www.despatch.com

Contact Information: Media Contact: Amber Schramm 1-952-469-8140