1. © Copyright 2003 Frost & Sullivan. All Rights Reserved. North American Mid-sized Generator Set Market Recent Grid Failures Ignite Sale of Gensets Energy and Power Generation Group “The recent power-related events in North America-the blackout of August 2003, and the extensive power failures from hurricane Isabel-have reminded businesses about the benefits of back-up power.”

2. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Industry Trends After two years of low to negative sales, these markets are beginning to see some relief Current events – from homeland security to the blackout of August 2003 – have highlighted the importance of on-site backup generation Large projects that were put on hold over the recent recession period of the economy, are being revived Frost & Sullivan expects commercial end users to be a growing part of this industry

3. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: Detailed insights into recent developments and trends Drivers, restraints, and challenges Market sizing and competitive analysis Market forecasts of small, mid-sized, and large generator set markets, as well as opportunity analysis

4. © Copyright 2003 Frost & Sullivan. All Rights Reserved. What We Offer North American Coverage: U.S. and Canada Proven methodology encompassing extensive primary and secondary data and research Technology updates, competitive and strategic analysis Credible data and analysis highlighting industry dynamics Forecast by output, application, end user, and fuel type

5. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Market Participants Find out how you compare to the competition Assess what drives and restrains the market Determine and exploit new market opportunities New Entrants Analyze challenges associated with the industry Calculate time scales for strategy implementation Position yourself to capitalize on the market’s unmet needs Investment Community Analyze long-term strategies of mid-sized generator companies Determine which participants will outperform the competition Assess attractiveness of investing in the mid-sized generator market

6. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Caterpillar Cummins, Inc. GE Power Generac Power Systems, Inc. Kohler Co. Siemens Waukesha Engine Key Market Participants Other Related Companies: Ballard Power Systems, Inc. Deutz Corp. Marathon Generators Mitsubishi Engine North America, Inc. Wacker Corp. Yamaha Corp. of America

7. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Call toll free 877 GO FROST (877.463.7876) Fax toll free 888.690.3329 E-mail myfrost@frost.com Visit www.frost.com For More Information