State-of-the-Art Technology Will Help Save Water
CHARLOTTE, N.C., Dec. 19 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that its cooling technologies business has been
awarded an approximately $50 million contract, one of the largest U.S.
contracts it has ever received, to supply a dry cooling system for the
Power Group of The Shaw Group Inc.
"A typical coal plant of this size could consume over eight million
gallons of water each day. By utilizing our air cooled condenser
technology, we are enabling the production of this power, condensing three
million pounds of steam per hour, without the typical massive water
consumption," said Drew Ladau, President of SPX Thermal Equipment and
Services.
The clean-coal power plant will use advanced circulating fluidized bed
technology, which is recognized by the U.S. Department of Energy as a
clean- coal technology for reducing sulfur dioxide and nitrogen oxide.
This modern facility will have the capacity to generate enough power
for approximately 146,000 residential customers. Construction will begin on
the project next year and it is anticipated to be operational by the summer
of 2012.
"SPX is in the business of developing smart energy solutions for our
customers. Our dry cooling technology is being used throughout the United
States and in over 30 countries including Australia, Mexico, Canada, China
and throughout Europe," Ladau added.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management services
for government and private sector clients in the energy, chemical,
environmental, infrastructure and emergency response markets. A Fortune 500
company with nearly $6 billion in annual revenues, Shaw is headquartered in
Baton Rouge, La., and employs approximately 27,000 people at its offices
and operations in North America, South America, Europe, the Middle East and
the Asia-Pacific region. For further information, please visit Shaw's Web
site at http://www.shawgrp.com.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader.
The company offers highly-specialized engineered solutions to solve
critical problems for customers.
SPX is focused on providing solutions that support the expansion of
global infrastructure, with particular emphasis on the growing worldwide
demand for energy and power. Its innovative product portfolio, containing
many environmentally friendly products, includes cooling systems for all
types of power plants throughout the world; custom engineered pumps, valves
and mixers that assist a variety of flow processes including oil and gas
exploration, distribution and refinement; handheld diagnostic tools that
aid in vehicle maintenance and repair, and power transformers that regulate
voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over
14,000 people worldwide in over 20 countries. Visit http://www.spx.com. (NYSE:
SPW)
Certain statements in this press release may be forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended, and are subject to the safe harbor created thereby.
Please refer to our public filings for a discussion of certain important
factors that relate to forward-looking statements contained in this press
release. The word "anticipated" and similar expressions identify
forward-looking statements. Although the company believes that the
expectations reflected in its forward- looking statements are reasonable,
it can give no assurance that such expectations will prove to be correct.
SOURCE SPX Corporation
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Related links:
http://www.spx.com
http://www.shawgrp.com
CONTACT:
Investors, Jeremy W. Smeltser,
+1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein,
+1-704-752-7403, jennifer.epstein@spx.com, both of SPX
Corporation
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