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|Cooper Industries Announces Update on the Status of its Operations|
HOUSTON--(BUSINESS WIRE)--Sept. 14, 2008--Cooper Industries, Ltd. (NYSE:CBE) today announced an update on the status of its operations. Hurricane Ike has had no impact on Cooper's worldwide operations and the company expects no disruption to normal business activities.
Although administrative offices, located in downtown Houston, will be temporarily closed as the city deals with the aftermath of the hurricane, this will have no impact on Cooper's worldwide operations. The immediate concern is for all Houston based employees, many still without power and electricity.
With manufacturing facilities in 23 countries as of 2007, only Cooper's administrative headquarters was impacted by Hurricane Ike. Cooper currently expects the administrative offices to reopen on Wednesday, September 17th. Until then, essential functions will be managed remotely utilizing Cooper's Disaster Recovery Plan.
About Cooper Industries
Cooper Industries, Ltd. (NYSE:CBE) is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87% of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and Cooper Industries Announces Update on the Status of its Operations Page 2
electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2007, sixty percent of total sales were to customers in the industrial and utility end-markets and 34% of total sales were to customers outside the United States. Cooper, which has more than 31,500 employees and manufacturing facilities in 23 countries as of 2007, is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the website at www.cooperindustries.com.
CONTACT: Cooper Industries Jon Safran, 713-209-8610 firstname.lastname@example.org SOURCE: Cooper Industries, Ltd.