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United Technologies Corporation

United Technologies Corporation is listed on NYSE (UTX). United Technologies Corporation was incorporated in Delaware in 1934. UTC provides high technology products and services to the building systems and aerospace industries worldwide. Growth is attributable to acquisitions and the internal development of our existing businesses. The following description of our business should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations in our 2005 Annual Report, especially the information contained therein under the heading Business Overview. Our operating units include businesses with operations throughout the world. Otis, Carrier and UTC Fire & Security (collectively referred to as the commercial businesses) serve customers in the commercial and residential property industries worldwide. Carrier also serves commercial, industrial, transport refrigeration and food service equipment customers.

United Therapeutics Corporation

United Therapeutics Corporation is listed on NASDAQ (UTHR). United Therapeutics is a biotechnology company focused on the development and commercialization of unique products for patients with chronic and life-threatening diseases. United Therapeutics is active in three therapeutic areas - cardiovascular medicine, cancer and infectious disease - with five therapeutic platforms: . Prostacyclin Analogs, which are stable synthetic forms of prostacyclin, an important molecule produced by the body that has powerful effects on blood-vessel health and function.

Waters Corporation ..ent manufacturer, designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (HPLC), ultra perform..

Westmoreland Coal Company ..ndent coal company in the United States with our origin in 1854. We mine coal that is used to produce electric power and we own interests in power-gen..

Willis Lease Finance Corporation ..ies is a lessor of commercial aircraft engines and other aircraft-related equipment. The Company provides these services to passenger airlines, air c..

Expeditors International of Washington Inc. ..gaged in the business of providing global logistics services. The Company offers its customers a seamless international network supporting the movemen..

YPF Sociedad Anonima ..a was created on June 2, 1977, under the laws of the Republic of Argentina as a governmental entity. On January 1, 1991, through Decree No. 2,778-90, ..

ABB LTD .. automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. We serve electric, gas..

ABX Air Inc. ..rgo transportation and, through a network of 19 hubs, provides package sorting, handling and line-haul services within the United States. We operate a..

AmeriCredit Corporation .. 18, 1988, and succeeded to the business, assets and liabilities of a predecessor corporation formed under the laws of Texas on August 1, 1986. The Co..

Archstone Communities Trust ..nt investment and operations. We own and operate a portfolio of high-rise and garden-style communities that we believe cannot be replicated by any oth..

Aftermarket Technology Corp. ..pply chain logistics services to the light vehicle aftermarket and consumer electronics industries. Through our Drivetrain Business, we provide custom..

Albany International Corporation ..e engaged in three business segments, each segment involving similar products or services. The Engineered Fabrics segment includes paper machine cloth..

National Coal Corp. ..iness of mining coal in Eastern Tennessee and Southeastern Kentucky. We own the coal mineral rights to approximately sixty-five thousand (65,000) acre..

Alvarion Ltd. ..aws of the State of Israel. Since our inception, we have devoted substantially all of our resources to the design, development, manufacturing and mark..

Affirmative Insurance Holdings Inc. ..d in Addison, Texas, was incorporated in 1998 and completed an initial public offering of its common stock in July 2004. We are a growing producer and..

Aon Corporation ..aries worldwide, serves its clients through three operating segments: º . º Risk and Insurance Brokerage Services acts as an advisor and insurance bro..

Applix Inc. ..ness intelligence (BI) and business performance management (BPM) solutions, focused on interactive planning, budgeting, forecasting and analytics as w..

Arkansas Best Corporation ..gaged through its subsidiaries primarily in motor carrier transportation operations and intermodal transportation operations. Principal subsidiaries a..

ASE Test Limited ..Limited is a Singapore holding company incorporated on December 1, 1995 as Jarich Test Private Limited, which changed its name to ASE Test Private Lim..

Atlantic BancGroup Inc ..ntic BancGroup, Inc. (Holding Company or Atlantic) was incorporated in the State of Florida. On April 3, 1999, the shareholders of Oceanside Bank (Oce..

Atmos Energy Corporation ..engaged primarily in the natural gas utility business as well as other natural gas nonutility businesses. As of September 30, 2004 we distributed natu..

Veeco Instruments Inc. ..ated subsidiaries, Veeco) designs, manufactures, markets and services a broad line of equipment primarily used by manufacturers in the data storage, s..

BANCORPSOUTH CAP TR 1 .. incorporated in 1982, with commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas and Louisiana. It..

Brandywine Realty Trust ..ny refer to Brandywine Realty Trust, a Maryland real estate investment trust, individually or together with its subsidiaries, including Brandywine Ope..

Bankrate Inc ..ments may contain forward-looking statements, including statements about our beliefs, plans, objectives, goals, expectations, estimates, projections a..

Berkshire Income Realty Inc. ..t on Form S-11 with the SEC with respect to its offers (the Offering) to exchange its 9% Series A Cumulative Redeemable Preferred Stock (Preferred Sha..

BANK ONE CAPITAL VI .. One) merged with and into JPMorgan Chase & Co. (the Merger), pursuant to an Agreement and Plan of Merger dated January 14, 2004. As a result of the M..

Bentley Pharmaceuticals Inc. ..e U.S., is an international specialty pharmaceutical company, incorporated in the State of Delaware. References in this report to the Company, we, us ..

Brooks Automation Inc. ..lier of automation products and solutions primarily serving the worldwide semiconductor market. We supply hardware, software and services to both chip..

Compania Mina Buenaventura S.A. ..e Perus largest publicly-traded precious metals company, and are engaged in the exploration, mining and processing of gold, silver and, to a lesser ex..

California First National Bancorp ..rporation , is a bank holding company headquartered in Orange County, California with leasing and bank subsidiaries. The Company has two leasing subsi..

Cambridge Display Technology Inc. ..company, CDT, we, us and our refer to Cambridge Display Technology, Inc. and its subsidiaries, unless the context otherwise requires. Our Company We a..

Chicago Mercantile Exchange Holdings ..States for the trading of futures contracts and options on futures contracts, often called derivatives, as measured by 2004 annual trading volume. In ..

Carnival Corporation ..d Carnival plc is incorporated in England and Wales. Together with their consolidated subsidiaries they are referred to collectively in this joint Ann..

Ceridian Corporation ..and is incorporated in Delaware. Our principal executive office is located at 3311 East Old Shakopee Road, Minneapolis, Minnesota 55425, and our telep..

City National Corporation ..re in 1968 to acquire the outstanding capital stock of City National Bank. References to the Company reflect all of the activities of the Corporation ..

CIT Group Inc (DEL) ..is a leading global commercial and consumer finance company. Founded in 1908, we provide financing and leasing capital for companies in a wide variety..

Calcasieu Real Estate ..na corporation organized in 1930 to receive non-producing mineral royalties spun off by a Southwest Louisiana bank. Over the years as some of the roya..

Candela Corporation .. development and commercialization of advanced aesthetic laser and light-based systems that allow physicians and personal care practitioners to treat ..

Consolidated Communications Holdings Inc. .. that provides communications services to residential and business customers in Illinois and Texas. As of December 31, 2005, we estimate that we were ..

Campbell Soup Company ..ther with its consolidated subsidiaries, is a global manufacturer and marketer of high-quality, branded convenience food products. Campbell was incorp..

Cardiome Pharma Corporation ..tory Over the past three years we have been focused on developing proprietary drugs to treat or prevent cardiovascular diseases. Our current efforts a..

City Network Inc. ..as incorporated in 1996 and develops hardware and software (total solution) for broadband communication solutions. We provide Internet broadband commu..

CommScope Inc. ..d manufacture of cable and connectivity solutions for communications networks. We focus on the last mile in communications networks, which is the dist..

Champion Enterprises Inc. ..d its subsidiaries (collectively, we, Champion,) primarily produce and sell factory-built homes. As of January 1, 2005, we were operating 29 manufactu..

Chicago Rivet & Machine Co. ..r the laws of the State of Illinois in December 1927, as successor to the business of Chicago Rivet & Specialty Co. The Company operates in two segmen..

Diedrich Coffee ..r, wholesaler and retailer. We sell brewed, espresso-based and various blended beverages primarily made from our own fresh roasted premium coffee bean..

Distributed Energy Systems Corporation ..y reports on Form 10-Q, and other periodic filings are available free of charge through the Investors section of the Company's Internet website (http:..

DOMINION CNG CAP TR I .. all phases of the natural gas business, explores for and produces oil, and provides a variety of retail energy marketing services. The Company is a w..

Document Sciences Corporation ..d supports a family of Dynamic Content Publishing software products used primarily for business to customer communications. Dynamic content publishing..

Darling International Inc. ..e Darling family in 1882, Darling International Inc. (Darling) was incorporated in Delaware in 1962 under the name Darling-Delaware Company, Inc. On D..

Dover Downs Gaming & Entertainment Inc ..rsified gaming and entertainment company whose operations consist of Dover Downs Slots - a 91,000 square foot video lottery (slots) casino complex; th..

Canterbury Park Holding Corporation ..tuel wagering associated with live Thoroughbred and Quarter Horse racing at its facilities in Shakopee, Minnesota (the Racetrack) and pari-mutuel wage..

Entergy Arkansas Inc. ..h, through its subsidiaries, engages principally in the following businesses: domestic utility, domestic non-utility nuclear, and energy commodity ser..

Elbit Systems Ltd. ..facture and integrate advanced, high-performance defense electronic and electro-optic systems for customers throughout the world. We focus on designin..

EntreMed Inc. ..maceutical company focused on developing the next generation of multi-mechanism oncology and anti-inflammatory drugs that target disease cells directl..

East West Bancorp Inc. ..eferred to herein on an unconsolidated basis as East West and on a consolidated basis as the Company) is a bank holding company incorporated in Delawa..

E.ON AG ..s a stock corporation organized under the laws of the Federal Republic of Germany. It is entered in the Commercial Register (Handelsregister) of the l..

First Avenue Networks Inc. ..ne of the largest and most comprehensive collections of millimeter wave spectrum in the U.S. We hold over 750 licenses for spectrum between 38.6 GHz a..

First Citizens Banc Corp. ..r the laws of the State of Ohio on February 19, 1987 and is a registered financial holding company under the Gramm-Leach-Bliley Act of 2000, as amende..

First Financial Corporation Indiana ..es holding company. The Corporation was originally organized as an Indiana corporation in 1984 to operate as a bank holding company. For more informat..

Fifth Third Bancorp .. about Fifth Third Bancorp and-or the company as combined with acquired entities within the meaning of Sections 27A of the Securities Act of 1933, as ..

Forest Oil Corporation ..ed in the acquisition, exploration, development, and production of natural gas and liquids in North America and selected international locations. Fore..

Gilead Sciences Inc. ..n particular, statements about our expectations, beliefs, plans, objectives or assumptions of future events or performance are contained or incorporat..

GlobeTel Communications Corp ..re corporation established in July 2002, is engaged in the business of providing telecommunication services, primarily involving Internet telephony us..

Hibbett Sporting Goods Inc. ..zed in 1945 under the name Dixie Supply Company in Florence, Alabama, in the marine and small aircraft business. In 1951, the Company started targetin..

Halozyme Therapeutics Inc. ..ents regarding our business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, s..

ImClone Systems Incorporated ..s to advance oncology care by developing a portfolio of targeted biologic treatments designed to address the medical needs of patients with cancer. We..

ISCO INTERNATIONAL INC ..to optimize the RF (Radio Frequency) link within wireless networks, particularly, but not exclusively, on the reverse link. RF link, or Radio link, is..

Kansas City Life Insurance Company ..porated under the assessment laws of Missouri in 1895 as the Bankers Life Association. In 1900, its present corporate title was adopted and it was reo..

Kyocera Corporation .. Consolidated Subsidiaries A. History and Development of Kyocera Corporation and its Consolidated Subsidiaries Kyocera Corporation is a joint stock co..

LifePoint Hospitals Inc. ..ners and operators of general acute care hospitals in non-urban communities in the United States. LifePoint Hospitals, Inc. is a holding company. Its ..