Egelsbach, May 31, 2006

Fleissner GmbH and Albany International Announce Cooperation

Fleissner GmbH, Germany, the supplier of world leading spun-lace equipment and Albany International Corp, announced a mutual cooperation in the development and sale of new product patterning technology.

David Peacock, Vice President and General Manager of Albany`s Engineered Fabrics business, commented, "This agreement between Albany International and Fleissner GmbH will assist in the rapid introduction of new patterning technologies for our customers. We appreciate the opportunity to partner with an exceptional OEM such as Fleissner on this recently developed technology and look forward to future developments in this area."

"Differentiality is the key for our customers to place their products in a competitive market. The cooperation of Fleissner and Albany will create opportunities to speed up the process of customized patterning both during product development as well as continuous production. We look forward to further strengthening our relationship with Albany to the benefit of our customers," says Dr. Jürgen Heller, Managing Director of Fleissner GmbH.