|Pentair Announces New Pump Contract for City of New Orleans|
GOLDEN VALLEY, Minn.--(BUSINESS WIRE)--Jan. 17, 2007--Pentair, Inc. (NYSE:PNR) announced that it recently won a contract to provide eleven new Fairbanks Morse ("Fairbanks") pumps to New Orleans, Louisiana. Each pump is capable of pumping approximately 160,000 gallons of water per minute and will serve as additional capacity to the city's existing water infrastructure for future hurricane seasons. The contract was awarded by the U.S. Army Corps of Engineers, Hurricane Protection Office Division, and is valued at approximately $22 million.
"This contract win highlights our strength in this key market and is one of more than a dozen major flood control projects that Fairbanks has won in the last several years," said Michael V. Schrock, president and chief operating officer. He added that Pentair has installed several other large flood control pumps already in Florida and along the Gulf Coast.
The Fairbanks pumps will be installed in New Orleans' 17th Street canal, one of three canals that serve the east bank of the city by draining storm run-out from the city. Currently, this canal has 18 installed pumps, which move approximately 3,600 cubic feet per second ("CFS") of water; the new Fairbanks pumps will add an additional 3,850 CFS (or 1,724,800 gallons per minute) capacity. The pumps will be shipped and installed by mid-year.
Fairbanks makes a broad range of pumps serving municipal, commercial and industrial markets with products including large split case, vertical turbine and vertical turbine solids-handling (VTSH(R)), vortex, and propeller pumps. Past Fairbanks projects include pumps with diameters as large as 140 inches and with capacities up to 1 million gallons per minute.
About Fairbanks Morse
Fairbanks Morse (www.fmpump.com) is an industry leader in innovative pump design and technology serving the wastewater and water markets. It is part of the Pentair Water Group.
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 Enclosures Group is a leader in the global enclosures market, designing and manufacturing standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. With 2005 revenues of $2.95 billion, Pentair employs approximately 15,000 people worldwide.
CONTACT: Pentair, Inc.
SOURCE: Pentair, Inc.