Colfax Wins $1.3M Contract from VT Shipbuilding to Build Complete Shipyard Pump Packages for Navy Patrol Vessels
June 27 2008 - 2:02PM
PR Newswire (US)
Global leader in fluid-handling solutions named preferred provider
RICHMOND, Va., June 26 /PRNewswire-FirstCall/ -- Colfax Corporation
(NYSE: CFX), a global leader in fluid-handling solutions, announced
today that VT Shipbuilding has awarded the company a $1.3M
contract, which names the company as its preferred marine pump
provider. VT Shipbuilding is a leading designer and manufacturer of
elite naval vessels used by the United Kingdom's Royal Navy and
other navies around the world. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO ) "We're
very proud and excited to become a long-term supplier to VT
Shipbuilding, one of the world's foremost makers of naval vessels,"
said John A. Young, president and CEO of Colfax. "It's a great
compliment to Colfax's high-performance marine pumping technologies
and deep application expertise to work with VT Shipbuilding in
keeping their naval vessels at their best." Colfax will be
supplying VT Shipbuilding with a portfolio of pumps from their
leading brands including Allweiler and Imo AB. "It is vital to have
the best pumps at work in our vessels as they patrol international
waters in order to protect the world," said Steve Weeks,
commodities purchasing manager at VT Shipbuilding. "We have always
been impressed with Colfax for their technology expertise and
breadth of products and are very pleased to work with them as our
preferred supplier of marine pumps." ABOUT COLFAX CORPORATION --
Colfax Corporation is a global leader in critical fluid-handling
solutions, including the manufacture of positive displacement
industrial pumps and valves used in global oil & gas, power
generation, marine, naval and a variety of other industrial
applications. Key product brands include, Allweiler, Fairmount
Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and
Zenith. Colfax is traded on the NYSE under the ticker "CFX."
Additional information about Colfax's products, businesses and
practices is available at http://www.colfaxcorp.com/. ABOUT COLFAX
NAVY SOLUTIONS -- Colfax Navy Solutions serve the U.S. Navy and
navies around the world with fluid handling solutions that deliver
the highest quality products and performance for this demanding
environment. With brands with over 100 years of experience Colfax
delivers a portfolio of positive displacement and centrifugal pumps
and valves, deep application expertise, and a commitment to
practical, continuous product development and improvement to meet
unique navy needs. CAUTIONARY NOTE CONCERNING FORWARD LOOKING
STATEMENTS: This press release may contain forward-looking
statements, including forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning Colfax's plans, objectives, expectations and
intentions and other statements that are not historical or current
facts. Forward-looking statements are based on Colfax's current
expectations and involve risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such forward-looking statements. Factors that could cause
Colfax's results to differ materially from current expectations
include, but are not limited to factors detailed in Colfax's
Registration Statement on Form S-1 under the caption "Risk Factors"
and other reports filed with the U.S. Securities and Exchange
Commission. In addition, these statements are based on a number of
assumptions that are subject to change. This press release speaks
only as of this date. Colfax disclaims any duty to update the
information herein.
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO
http://photoarchive.ap.org/ DATASOURCE: Colfax Corporation CONTACT:
Joe Niemann of Colfax Corporation, +1-804-327-5679, Web Site:
http://www.colfaxcorp.com/
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