Snap-on Unveils New Corporate Innovation Center

Kenosha, Wis.--(BUSINESS WIRE)-- Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users today announced the official grand opening of its "Innovation Works" facility in Kenosha, Wis. The opening was presided over by Snap-on chairman and chief executive officer Nicholas T. Pinchuk and Wisconsin Governor, Jim Doyle. It took place in front of more than 600 Snap-on associates and retirees, as well as state and local officials from industry, education and government.

"The Snap-on 'Innovation Works' is a functioning example of our commitment to the continued development of industry-leading products, processes and technologies. This is truly a unique facility that will provide our associates with the critical resource needed to further accelerate Snap-on's global innovation," said Pinchuk. "Snap-on was founded in 1920 on a unique idea and has a long tradition of creating productivity solutions for real professionals doing critical tasks. From the very beginning, innovation has been at the core of the way Snap-on creates value. We are thrilled to be able to share this opening with so many of those who helped build the strong company we enjoy today, as well as with many of those who have supported us over the years."

The new 15,000 square foot facility, located at Snap-on's Kenosha campus, provides a resource for Snap-on's entire global organization. It includes several defined areas each specifically designed to support a vibrant user-centered innovation process. Included is a state-of-the-art service garage, prototyping room, 3D modeling facility, display and application room, customer observation room, innovation library and training room. Importantly, this centerpiece facility supplements the many local innovation resources and infrastructure already in place throughout Snap-on's global footprint.

After the grand opening ceremony, associates and guests toured the center and took part in product demonstrations and exhibits.

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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