“Albany Door Systems will continue to pursue growth strategies that lead to innovative custom door solutions, value-focused sales, and increased service and support activities.  In addition, continuing efforts to improve efficiencies should further contribute to earnings.

           “Growth in the Applied Technologies segment should result from our continued investments in new products and the application of existing technologies to new markets.  Our opportunities for filtration products in power generation applications and for composites and advanced materials in aircraft are encouraging. In addition, we are pleased by the increased demand for PrimaLoft personal insulation products and expansion of our Engineered Products in the nonwovens industry.

           “We expect that investments for growth will increase in the coming quarters, and will impact our capital expenditures and people costs in 2006.  These strategic investments will likely include new hires in key areas, capital expenditures for all business segments, and potential acquisitions in the Applied Technologies segment.  We expect capital spending next year will be between $70 and $80 million.  These investments support our long-term growth plans and may positively impact operations as early as late 2006. 

           “Our growth strategies include the continued focus on important value drivers for our customers, which improve their operations and increase their profitability.  In doing so, we believe we are providing superior value to our customers and creating value for our shareholders.

          “As with all of our customers, increased costs resulting from higher energy prices will continue to impact our operations in the fourth quarter.  We do not expect these increases to exceed $12 million for the full-year 2005.”

          The Company plans a live webcast to discuss third-quarter 2005 financial results on Monday, October 24, 2005, at 9:00 a.m. Eastern Time.  For access, go to www.albint.com.

          Albany International is the world’s largest producer of paper machine clothing and high-performance doors with manufacturing plants strategically located to serve its global customers.  Additional information about the Company and its businesses and products is available at www.albint.com.

          This release contains certain items that may be considered to be non-GAAP financial measures.  Such items are provided because management believes that, when presented together with the GAAP items to which they relate, they can provide additional useful information to investors regarding the registrant’s financial condition, results of operations, and cash flows. The effect of changes in currency translation rates is calculated by converting amounts reported in local currencies into U.S. dollars at the exchange rate of a prior period.  That amount is then compared to the U.S. dollar amount reported in the current period.

          Forward-looking statements in this release or in the webcast, including statements about future economic conditions, energy costs, growth, sales and earnings, markets, new products, paper industry outlook, capital expenditures, tax rates, and depreciation and amortization are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such statements are based on current expectations and are subject to various risks and uncertainties, including, but not limited to, economic conditions affecting the paper industry and other risks and uncertainties set forth in the Company’s 2004 Annual Report to Shareholders and subsequent filings with the U.S. Securities and Exchange Commission.