SKF Professor Stathis Ioannides receives Leonardo da Vinci award

Professor Stathis Ioannides has been presented with the Leonardo da Vinci award for his synergistic combination of the tribology theory with the technical and practical aspects of the mechanical industry, in his contribution to the design of new rolling bearings. The Leonardo da Vinci International Award was established by the AIPI, The Italian Association of Industrial Designers, and is awarded every two years to Italian designers, foreign designers, and Italian companies which have made a valuable contribution to technical industrial innovation. -I am delighted to see Stathis recognised for his outstanding work in tribology and advanced modelling of bearings. He has played a key role for many years in the development of SKF bearings, says Tom Johnstone, SKF President and CEO. The Leonardo da Vinci award will be presented to Professor Ioannides on 4 May, at a prestigious ceremony in Italy. Professor Ioannides is a world acknowledged expert in tribology and led the development of the SKF life theory since 1983. This became the new ISO Standard for the calculation of rolling bearing life in 2007 and is used today by all the bearing companies in the world. Professor Ioannides retired from his position as Director for Product Engineering in July 2009, after working for SKF for nearly 30 years. He still works closely with SKF on a consultancy basis and he remains a Visiting Professor at Imperial College in the United Kingdom, which is one of the prominent and most renowned universities in the world for tribology studies. Gothenburg, 3 May 2010 Aktiebolaget SKF (publ) AB SKF may be required to disclose the information provided herein according to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 14.15 pm CEST on 3 May 2010. For further information, please contact: PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile: +46 706-973260, e-mail: ingalill.ostman@skf.com IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46 705-181994, e-mail: marita.bjork@skf.com SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group’s service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. The Group’s annual sales 2009 were SEK 56,227 million. The number of employees was 41,172. www.skf.com.