Alyn Corporation Appoints Arne van Roon President and Chief Executive Officer and Elects James L. Hesburgh Chairman of the Board of Directors.

IRVINE, Calif.--(BUSINESS WIRE)--April 16, 1999--

Alyn Corporation (Nasdaq: ALYN), an advanced metal matrix composite technology company, Friday announced the appointment of Arne van Roon to the position of president and chief executive officer.

van Roon has also joined Alyn's Board of Directors. James L. Hesburgh, who joined the Board on Dec. 15, 1998, was elected to the position of chairman of the Board.

van Roon, 54, has had a relationship with the company since 1993, originally as a potential source of funding and strategic relationships prior to the company's initial public offering in 1996. Following completion of the company's production facilities in mid-1998, Alyn approached van Roon to assist with the development of the sales and distribution of Boralyn(R) in the European Market. The success of this agreement, completed in December 1998, has already demonstrated with the fulfillment of the first year's order obligation, after only two months.

van Roon, born in Holland, founded Van Roon Partners, Ltd., in 1984. The firm specializes in the development and implementation of growth strategies for emerging companies with innovative technologies. van Roon and his partners utilize their network of successful industrialists to develop customers, markets and strategic relationships for their client companies.

Van Roon Partners can provide executive talent as well as the necessary capital to implement the strategies. Prior to founding Van Roon Partners, van Roon spent 13 years with Philips Electronics, a Netherlands-based global electronics company, in a variety of senior positions in finance, marketing and executive management in Holland, Germany, Italy, East Africa and the Middle East. Currently, van Roon sits on the board of directors of several European companies. His family resides in La Jolla, Calif.

Steven S. Price, the company's president and chief executive officer since April 1998, stated, "I have had the pleasure of working with and supporting the successful efforts of Mr. van Roon and his team in Europe since late last year. Given the opportunities he is continuing to develop, the Board and I concluded that it would be in the best interest of the company and its shareholders to provide Mr. van Roon with the opportunity to fully execute the new business plan. I believe that with the progress of the past year, which includes establishing our manufacturing operations and delivering our first products, the company is now poised to move to the next phase of growth. The smooth transition over the past few months provides the opportunity for Mr. Van Roon to successfully drive the future growth of the company." Price also stated that he would be leaving the company to pursue other opportunities.

According to Robin A. Carden, Alyn's founder, "Mr. van Roon and his team in Europe have been key assets to the company over the past years and have the in-depth knowledge of our materials to bring the business to Alyn. Mr. van Roon has been extremely successful with companies where he has taken a leading role and we believe he can greatly accelerate our business."

Hesburgh, 65, who has assumed the non-executive post of chairman of the Board, brings an extensive background in manufacturing and executive management to Alyn. Since Hesburgh joined the Board in December 1998, he has provided Price with valuable counsel relating to issues associated with the start-up phase of manufacturing. His continued counsel to van Roon will be of particular value as the company grows. Hesburgh is president and CEO of James L. Hesburgh International Inc., an export management and international consulting firm. He has previously served as chairman, CEO, and owner of Donegal International Machinery Ltd. in Ballyshannon, Ireland; chairman of Hiller Aviation Inc.; president of Intercole Automation Inc.; and vice president of International Operations for The Wheelabrator Corporation. He presently serves on the board of directors of eight companies.

The company will be hosting an investor conference call to introduce van Roon and Hesburgh, Tuesday, April 20 at 1:30 PDT (4:30 EDT). Interested parties are asked to call 612/332-0530 or 612/332-0228 and ask for the Alyn Corporation Investor call.

Alyn Corporation produces Boralyn, a unique metal matrix composite material that is lighter than aluminum, stronger than titanium and has better wear properties than steel, with principal applications in the nuclear, aerospace, automotive, computer hardware and sporting goods industries.

For additional information, contact Richard L. Little, Alyn Corporation, 949/225-7360 or email: [e-mail].

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are fluctuations in quarterly operating results, limited historical revenues and prior losses, the company's limited manufacturing history, market acceptance of the company's products in commercial quantities, the need for future capital, rapid technological change and new product development, competition and other factors detailed in the company's filings with the Securities and Exchange Commission, including its filing on Form 10-K for the year ended Dec. 31, 1998.