Bauman Machine Inc. History of the Company

History.......How it all got Started!

Bauman Machine Inc. was founded in 1973 by Fred Bauman. Fred started his machining career in the 1950’s
working for Homco International as a welder and a machinist. After leaving Homco he then went to work for Land
& Marine to cut tool joints and then to A1 Bit and Tool before starting his own business. In the early 1970's,
Fred Bauman saw a high demand for oilfield machining services and decided to take a risk and go into business
for himself. Fred started his business with one welder and one lathe in a small shop behind his home.

The word got out and Fred’s workload increased beyond his capacity. Fred approached his stepson, Jim
McCarty, for help. Jim was working at the time as a machinist for A1 Bit and Tool. Jim started helping with the
business on nights and weekends. The workload increased and Jim quit A1 Bit and Tool and together they
incorporated as Bauman Machine Inc.

The oilfield boom was going strong and their business took off. They bought more equipment and quickly out
grew the small shop behind Fred’s home. In 1979, with only 8 employees they decided to expand and construct
a new building on SW 44th Street. After it's completion, they purchased numerous machines and hired more
people. During the peak of the boom they had over 45 employees that primarily serviced the oil and gas industry
by doing manufacturing and repair.

After the boom, Jim saw that manufacturing was headed toward automated machines. In 1988, Bauman Machine
bought their first CNC machine and begin a new venture in larger volume production work. Jim realized quickly
that his investment paid off with great rewards of higher production and better quality and soon began investing
in more CNC equipment. Since then, Bauman Machine has invested several millions of dollars in some of the
latest CNC and machining technology on the market.

In 1989, Fred Bauman retired and Jim McCarty continued to grow the business. Jim saw a large success from
purchasing his first CNC Machine and over the years purchased several more. In 1994, Bauman Machine had
exhausted most their floor space and decided to expand again. With this expansion Bauman Machine Inc, added
a building that more than double the amount of floor space and room to grow.

In 1995, Jim’s son, Mark McCarty joined the company after graduating from University of Oklahoma with a degree
in Environmental Engineering. Jim believed his son should start at the bottom and work his way up. Mark worked
in about every position including, a driver, a welder, CNC mill operator and a CNC lathe machinist. In 2001, Jim
decided to retire and sold the business to his son who continues the legacy of Bauman Machine Inc today.

Over the past 35+ years, as the oilfield industry would slow, Bauman Machine would ventured out to other
industries besides the oilfield. Some of these other industries include Semiconductor, Medical, Road Boring, and
Road Construction Equipment. Since their incorporation in 1973, Bauman Machine began a legacy of high
quality machining services coupled with a high level of customer service, which even today is still our biggest
commitment to our customers.

Bauman Machine Inc.
Oklahoma City, OK