ANNOUNCEMENT

June 26, 2008: Hubbell Electric Heater Co., a leading manufacturer of electric water heaters, is pleased to announce the addition of a whole house tankless electric water heater to the company’s offering of high efficiency water heaters. Hubbell acquired the assets of the corporation Space Energy Time Savings (S.E.T.S) Inc, which has made a corporate decision to close, ending its 14 year history as the leading Electric Tankless manufacturer in the United States and sell their innovative technology, trade name and assets to Hubbell Electric Heater Co., a leading manufacturer of electric water heaters for the past 80+ years. Hubbell is now manufacturing the SETS designed tankless water heater and marketing it under the trade name SETS by Hubbell. Customers will benefit from Hubbell's 80+ years of expertise as a manufacturer of electric water heaters and bring to the homeowner a highly dependable and energy saving water heater.

Space Energy Times Savings (S.E.T.S) Inc. was a pioneer and innovator in the field of tankless water heating, and the SETS tankless water heater is a welcome addition to the Hubbell water heater product line. Hubbell has significant resources and capabilities to manufacture a dependable and long lasting tankless water heater, and is fully committed to bringing this energy saving green technology to homes across the USA.

For customers who own a tankless water heater manufactured by Space Energy Time Savings (S.E.T.S) Inc, please be advised that the original warranty is the obligation of Space Energy Time Savings (S.E.T.S) Inc, not Hubbell. However, in order to service customers with tankless water heaters, Hubbell is pleased to announce a special offering to Space Energy Time Savings (S.E.T.S) Inc customers, please see the Hubbell warranty for complete details.