EaglePicher 's Boron Business Awarded $6.2M Subcontract for Shielded Storage Units at DOE National Nuclear Security Administration's Y-12 National Security Complex

Market Wire, January, 2005

EaglePicher Commercial Power Solutions announced that its Boron business has been awarded a $6.2 million subcontract by BWXT Y-12, LLC, the operating contractor at the National Nuclear Security administration's Y-12 National Security Complex in Oak Ridge, Tenn. The subcontract is for casting EaglePicher's BoroBond4 control and shielding product into units designed for the storage of enriched uranium at the Y-12 facility. Based on EaglePicher BondAids (a patented, chemically bonded phosphate ceramic technology), BoroBond4 technology took more than four years to develop.

"EaglePicher's innovative technology allows storage of these strategic materials in a more efficient manner than previously employed technologies," said Victor Grizzle, president of EaglePicher Commercial Power Solutions.

Without the unique BoroBond4 solution, BWXT Y-12 has estimated that storage space requirements would have been significantly higher.

BoroBond4 is derived from EaglePicher's BondAids product line for use in stabilization and encapsulation of radioactive waste and contaminated equipment, immobilization of hazardous waste, and shielding and criticality control in storage and transportation applications.

EaglePicher is a leading provider of stable isotopes for the nuclear and nuclear power industries. From beginnings in enriched 10Boron and enriched 7Lithium, EaglePicher currently offers stable isotope additives for nuclear power plant chemistry, materials for neutron absorbing use in shielding and criticality control, and customized stable isotope products for semiconductors, science and industry. To learn more about EaglePicher products access www.eaglepicher.com.

EaglePicher Technologies, LLC, a wholly owned subsidiary of EaglePicher Incorporated, has facilities in Arizona, Missouri, Oklahoma, Kansas and Canada. The operating group develops and markets advanced high-reliability power systems and associated electronics for government, space and commercial applications. It also processes Boron isotopes and anticancer pharmaceutical ingredients. Areas of global focus include telecommunications, medical, nuclear power plants, space, defense, environmental, semiconductors and pharmaceutical/biotech. Additional information is available on the Internet at www.eaglepicher.com.

EaglePicher Incorporated, founded in 1843 and headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, environmental, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 3,900 employees and operates more than 30 plants in the United States, Canada, Mexico and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.

This release contains statements which, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in EaglePicher Holding's filings with the U.S. Securities and Exchange Commission.

EaglePicher(TM) is a trademark of EaglePicher Incorporated.

Contact: EaglePicher Technologies, LLC James M. Hall 918-673-2201 jim.hall@eaglepicher.com