Snap-on Hosts Regional Partnership Summit atNew Innovation Works Facility

Kenosha, Wis., (BUSINESS WIRE) -- As part of the grand opening of its "Innovation Works" facility in Kenosha, Snap-on Incorporated (NYSE:SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users, hosted a Regional Partnership Summit on May 29. The summit, which was titled "Innovation and Workforce Development to Meet Changing Markets and Technology," featured prominent regional leaders from education, government and industry.

Wisconsin Governor Jim Doyle attended the event. In addition, the summit featured presentations and discussions by other experts and leaders on key market and technology issues and initiatives impacting the workforce. Among those making presentations included the State of Wisconsin Workforce Development Secretary, Roberta Glassman; Bryan Albrecht, president of Gateway Technical College; and Dr. Glenn Bower of the University of Wisconsin.

"We want to thank everyone who participated in this lively and informative roundtable discussion," said Nicholas T. Pinchuk, Snap-on chairman and chief executive officer. "One of the many goals of our new 'Innovation Works' facility is to host events where prominent decision makers from the business world, education, the community and government can gather and discuss preparing the workforce for changing technologies and emerging industries. This summit resulted in some creative and strategic ideas on which we plan to work together. We want to thank all the participants, and especially Governor Doyle, for taking part in the summit and the grand opening of Snap-on's 'Innovation Works'."

Topics discussed during the summit included state initiatives to address energy, training and workforce development; trends in next generation vehicle technology including hybrids, electric fuel cell and hydrogen vehicles; and the urgent need for appropriate training and development to align the workforce with emerging technologies and the changing needs of the community.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users. Product lines include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as customers in general industry, energy and natural resources, aerospace, agriculture and construction. Products are sold through its franchisees, company-direct sales and distributor channels, as well as over the Internet. Founded in 1920, Snap-on is a $2.9 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

SOURCE: Snap-on Incorporated



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