Parker Hannifin, a world leader in motion and control technologies, recently hosted financial analysts and shareholders at its annual Investor Day at the company's Cleveland headquarters. Don Washkewicz, CEO, Chairman and President announced in his opening presentation that the company has identified opportunities within its targeted markets that will provide significant future growth opportunities within a dynamic $100 billion dollar motion and control market.

Parker's $10.7 billion sales in FY07, ended in June, resulted from products and systems of nine technologies including hydraulics, filtration, refrigeration, electromechanical, aerospace, pneumatics, fluid and gas handling, process control, and sealing and shielding, addressing the needs of global markets. Following Washkewicz's opening overview of Parker, the Investor Day program consisted of brief presentations of new applications of these technologies. According to the company’s press release, topics ranged from submarine oil exploration to wind and wave sources of alternative energy, new drive systems for heavy trucks and safety systems for commercial and military aircraft, all enabled by Parker technologies.

The presentations include "Unlimited Growth Potential ... by Design" by Craig Maxwell, Vice President of Innovation and Technology, which details Parker's disciplined approach to innovative product development and focuses on future growth while maintaining incremental product development. "Intersections of our multiple technologies with market and customer knowledge offer a depth of technical knowledge and engineering capability to our customers that helps them break new ground while partnering with Parker on development of their products for greater efficiency and profitability,” said Maxwell.