Parsippany, NJ – September 12, 2006 – Federal Signal Corporation, a provider of security and well-being solutions for municipalities and workplaces, has signed a contract with First Index, the world’s leading online sourcing service.  First Index, Inc. will be a supplier of technology, tools and services to help streamline Federal Signal’s sourcing processes.  Federal Signal will use these solutions in a portfolio approach to enhance supplier relationships to drive value from their supply chain.  Federal Signal will also tap into the knowledge and capabilities of the First Index Sourcing Staff which is deployed in numerous countries, across the globe.

“We chose First Index’s solutions to significantly increase our efficiencies with eRFx processing and the managing and tracking of critical supplier information. Also, we intend to harness the First Index services platform for assistance with our Emerging Markets Sourcing and local-for-local sourcing initiatives, to support our growing manufacturing presence in numerous emerging markets,” said Paul Box, CPO of Federal Signal, “We see the value First Index brings to the table and we are excited to have them as a global partner.”

“We are very pleased to add Federal Signal to our rapidly growing list of global customers,” said John Jung, CEO and President of First Index. “Federal Signal is yet another example of how First Index’s solutions empower sourcing organizations by allowing them to improve their effectiveness and control their costs.”

About Federal Signal Corporation

Federal Signal Corporation (NYSE: FSS) is a global leader in advancing security and well-being for communities and workplaces around the world. The company manufactures a broad range of environmental and fire rescue vehicles and safety and signaling products that help protect people, property and the environment. Federal Signal’s leading brands include Bronto®, Elgin®, E-ONE®, Federal APD®, Federal Signal®, Guzzler®, Jetstream® and Vactor®. In addition, Federal Signal operates a consumable industrial tooling business that includes the leading CLAPPDiCO®, Dayton Progress®, Manchester® and PCS® brands. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. To learn more about Federal Signal Corporation visit www.federalsignal.com.

About First Index

First Index has been helping buyers and suppliers of custom-made parts and assemblies since 1992.  Thousands of buyers of manufactured parts around the world use the First Index sourcing platform to create and distribute thousands of RFQs annually and to find the right suppliers from First Index’s growing network of suppliers looking to establish new business relationships.  First Index continues to strengthen its position as the world leader in facilitating commerce in the manufacturing industry by providing an unmatched combination of technology, information and knowledgeable services to buyers and suppliers.  To find out more about First Index, visit www.firstindex.com.