02.20.07

Summit Receives Supplier Excellence Award from Eaton

Summit Receives Award for Second Year in a Row, Recognizes Top 0.05% of Eaton’s Supply Base

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Summit Energy, a pioneering provider of energy management services for business and industry, is proud to announce that for the second year in a row it has received the Supplier Excellence Award from diversified industrial manufacturer Eaton Corporation. The Supplier Excellence Award Presentation Event will take place on Wednesday, March 28, at downtown Cleveland’s Renaissance Hotel. Winners of Eaton’s Supplier Excellence Award belong to an elite group that represents the top 0.05% of Eaton ’s supply base.

With this award, Eaton recognizes Summit Energy for their work related to energy management services. For over a decade, the company has provided Eaton with energy management services, including tariff analysis, strategic sourcing and price risk management in North America. Recently, the relationship between the two companies has grown to include facilities under management in Europe.

Richard B. Jacobs, Eaton’s Vice President of Supply Chain Management, said, “The award winners are those who provide exceptional value to Eaton across a number of dimensions including quality, productivity, innovation and technological advancements. These suppliers are the best among the thousands in our global supply base, and we are pleased to recognize them for their contributions to our business. ”

The award winners fall within one of three supplier categories: Direct, Indirect, or Logistics. Direct Materials suppliers are those which provide goods used directly in the making of products (i.e., bearings, gaskets, seals, castings); Indirect Materials and Services suppliers provide goods used to make products or support the business (i.e., cutting fluid, maintenance repair, office supplies); and Logistics suppliers handle the transportation of goods inbound from the supplier and outbound to customers, as well as indirect package transportation.

Steve Wilhite, CEO of Summit Energy, said, “We are honored to have been named one of Eaton Corporation’s top suppliers for two years in a row. This distinction is significant to us because it means that we are performing at a high level for our client, and that is what we care about the most. Our entire staff is committed to excellence, and it means a lot to be recognized for our efforts. Summit values the ongoing relationship with Eaton and will continue to provide the quality of service that they have come to expect. ”

About Summit Energy

Summit Energy is a pioneering provider of energy management services for business and industry. Summit manages more than 9,000 industrial and commercial sites, with a combined annual energy spend of more than $12 billion, for clients in industries ranging from aerospace and automotive to government, chemical, food manufacturing, pharmaceuticals, healthcare and others. Its growing staff of more than 230 energy professionals is headquartered in Louisville, Kentucky, with additional offices in Texas, Illinois, Belgium, Italy, France, Germany and The Netherlands. Summit serves clients in all 50 U.S. states, Canada, Mexico, Puerto Rico, Singapore and Europe. For more information, visit www.summitenergy.com.

About Eaton Corporation

Eaton Corporation is a diversified industrial manufacturer with 2005 sales of $11.1 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 59,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.