QUINCY, Ill., June 14 /PRNewswire/ -- Gardner Denver, Inc. (NYSE: GDI)
announced today that it has received a substantial order for drilling pumps
from Helmerich & Payne International Drilling Co., a subsidiary of Helmerich &
Payne, Inc. (NYSE: HP). The amount of the order is in excess of $12 million
and requires deliveries throughout the remainder of 2001 and mid-2002. The
Gardner Denver PZ-11 pumps, rated at 1600 horsepower, will be used on
Helmerich & Payne's expanding fleet of oil and gas drilling rigs for
operations requiring pressures of 5000-7500 pounds per square inch.
"We are pleased that Helmerich & Payne has chosen Gardner Denver to be a
key supplier in their efforts to modernize and expand their rig fleet," stated
Ross J. Centanni, Chairman, President and CEO of Gardner Denver. "We continue
our ongoing commitment to manufacture efficient, reliable pumps and provide a
high level of customer service. In addition, we've maintained the ability to
respond quickly and offer timely delivery of pumps to meet our customers'
demand. We believe these were key factors in Helmerich & Payne's decision."
Gardner Denver, with 2000 revenues of $379 million, is a leading
manufacturer of reciprocating, rotary and vane compressors and blowers for
various industrial applications and pumps used in the petroleum and industrial
markets. Gardner Denver's news releases are available by facsimile
(800-758-5804, extension 303875) or by visiting the Company's website
( http://www.gardnerdenver.com ).
All of the statements in this release, other than historical facts, are
forward-looking statements made in reliance upon the safe harbor of the
Private Securities Litigation Reform Act of 1995. As a general matter,
forward-looking statements are those focused upon anticipated events or trends
and expectations and beliefs relating to matters that are not historical in
nature. Such forward-looking statements are subject to uncertainties and
factors relating to Gardner Denver's operations and business environment, all
of which are difficult to predict and many of which are beyond the control of
the Company. These uncertainties and factors could cause actual results to
differ materially from those matters expressed in or implied by such forward-
looking statements. Further discussion of these uncertainties and factors is
contained in Gardner Denver's 10-Q filed with the Securities and Exchange
Commission on May 14, 2001.
SOURCE Gardner Denver, Inc.
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Related links:
http://www.gardnerdenver.com
Company News On-Call:
http://www.prnewswire.com/comp/303875.html or fax,
800-758-5804, ext. 303875
CONTACT:
Philip R. Roth, Vice President, Finance and
Chief Financial Officer of Gardner Denver, Inc., 217-228-8205
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