Woodward Governor Company Intends to Become Woodward, Inc.
November 09 2010 - 9:00AM
Marketwired
Woodward Governor Company (NASDAQ: WGOV) today announced its intent
to change its corporate name to "Woodward, Inc."
The name "Woodward, Inc." reflects the advancements Woodward has
made in delivering energy control solutions while honoring its
history of growth and proven performance.
"Woodward is now so much more than governors. With our broad
portfolio of energy control systems and components, we deliver
innovative products for an energy efficient future," said Thomas A.
Gendron, Chairman and Chief Executive Officer.
Amos Woodward developed his patented governor in 1870 to more
efficiently control water wheels, which provided the main power to
factories and mills. Today, Woodward applies its energy control
technologies to manage fluids, motion, electrical power, and
combustion.
Woodward's customers rely on the company to help them reduce
emissions, increase efficiency, and improve reliability on their
aircraft, engines and turbines, and defense systems. Additionally,
Woodward's systems play a prominent role in controlling renewable
energy, such as converters used in wind turbines, and sensors and
controls that enhance the availability, quality and reliability of
energy on the grid.
Woodward will be required to amend its certificate of
incorporation prior to effecting the name change. Any such
amendment will require stockholder approval at an annual or special
meeting of Woodward's stockholders. This press release is not a
proxy statement or a solicitation of proxies from Woodward's
stockholders with respect to the proposed name change. Woodward
will submit such amendment to its stockholders for their approval
only by means of a definitive proxy statement complying with the
requirements of Section 14(a) of the Securities Exchange Act of
1934 and the rules and regulations promulgated thereunder.
About Woodward
Woodward is an independent designer, manufacturer, and service
provider of energy control and optimization solutions used in
global infrastructure equipment. We serve the aerospace and
defense, power generation and distribution, and transportation
markets. Our systems and components optimize the performance of
commercial aircraft; military aircraft, ground vehicles and other
equipment; gas and steam turbines; wind turbines; reciprocating
engines; and electrical power systems. The company's innovative
fluid energy, combustion control, electrical energy, and motion
control systems help customers offer cleaner, more reliable and
more cost-effective equipment. Our customers include leading
original equipment manufacturers and end users of their products.
Woodward is headquartered in Fort Collins, Colo., USA. Visit our
website at www.woodward.com.
The statements in this release concerning the company's future
sales, earnings, business performance, prospects, and the economy
in general reflect current expectations and are forward-looking
statements that involve risks and uncertainties. Forward-looking
statements in this release include but are not limited to the
company's intention to implement a name change to "Woodward, Inc."
Actual results could differ materially from projections or any
other forward-looking statement and we have no obligation to update
our forward-looking statements. Factors that could affect
performance and could cause actual results to differ materially
from projections and forward-looking statements include, but are
not limited to, Woodward's ability to obtain stockholder approval
of any amendment to its certificate of incorporation and those
risks described in Woodward's Annual Report and Form 10-K for the
year ended September 30, 2009 and any subsequently filed Form
10-Q.
CONTACT: Rose Briani-Burden Business Communications 815-639-6282
Woodward Governor Company 1000 East Drake Road Fort Collins,
Colorado 80525, USA Tel: 970-482-5811 Fax: 970-498-3058
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