Pump Station Expected to be Largest in the World
MINNEAPOLIS--(BUSINESS WIRE)--Jul. 16, 2009--
Pentair, Inc. (NYSE:PNR) announced that it recently was awarded a
contract to provide thirteen of the company’s Fairbanks Morse
("Fairbanks") pumps to the US Army Corps of Engineers for the Gulf
Intracoastal Waterway West Closure Complex in New Orleans, La. Fairbanks
is part of Pentair’s Engineered Flow business. Each pump will have a
discharge diameter of approximately 15 feet and capable of pumping
nearly 700,000 gallons of water per minute. The equipment will be
provided through Parson & Sanderson and MR Pittman of Harahan, La., and
is valued at approximately $65 million.
"We’re excited to announce the largest contract in our history, one
which highlights Pentair’s and Fairbank’s strength in this key market,”
said Michael V. Schrock, president and chief operating officer. He added
that this contract is one of more than a dozen major flood control
projects Fairbanks has won in the last several years.
The Pentair Fairbanks Morse pumps will handle all flows exiting from 22
miles of levees and floodwalls and ten pump stations into Harvey and
Algiers Canals during hurricane events. Equipment deliveries are set to
commence in 2010 and culminate in 2011.
ABOUT FAIRBANKS MORSE PUMP
Fairbanks Morse, one of several
Pentair pump brands, is an industry leader in innovative pump design and
technology serving the municipal, commercial and industrial markets.
Based in Kansas City, Kansas, Fairbanks has over 100 years of experience
manufacturing custom designed pumping equipment.
ABOUT PENTAIR, INC.
Pentair (www.pentair.com)
is a diversified operating company headquartered in Minnesota. Its Water
Group is a global leader in providing innovative products and systems
used worldwide in the movement, treatment, storage and enjoyment of
water. Pentair’s Technical Products Group is a leader in the global
enclosures and thermal management markets, designing and manufacturing
thermal management products and standard, modified, and custom
enclosures that house and protect sensitive electronics and electrical
components. With 2008 revenues of $3.35 billion, Pentair employs
approximately 13,400 people worldwide.
Source: Pentair, Inc.
Pentair, Inc.
Investor Relations:
Todd Gleason,
763-656-5570
E-mail: [email protected]