CHARLOTTE, N.C., Aug. 17, 2015 /PRNewswire/ -- SPX
Corporation (NYSE: SPW) today announced that it will present to
analysts and investors on Wednesday
September 2, 2015 at 8:00 a.m.
Eastern time in New York
City. The presentation will feature an in-depth analysis of
the "NEW" SPX Corporation, the remaining company following the
planned spinoff of its FLOW business, which is expected to be
completed near the end of Q3 2015. Key speakers will include:
- Gene Lowe, President and CEO of
the "NEW" SPX Corporation
- Scott Sproule, Vice President,
Treasurer and CFO of the "NEW" SPX Corporation
The presentation and subsequent question and answer session will
be webcast live on September 2, 2015
beginning at approximately 8:00 a.m. Eastern
time. A link to the webcast and slide presentation will be
available in the Investor Relations section of SPX's website at
www.spx.com. A replay of the webcast will also be available on the
company's website until December 31,
2015.
About the "NEW" SPX Corporation (remaining
company): Based in Charlotte, North Carolina, following the
spinoff of its FLOW business, the "NEW" SPX Corporation will be a
leading supplier of highly engineered HVAC products, detection and
measurement technologies and power equipment. The "NEW" SPX
Corporation is expected to have approximately $2 billion in annual revenues and approximately
6,000 employees worldwide. Following the spinoff of its FLOW
business, SPX Corporation will be listed on the New York Stock
Exchange under a new ticker symbol, "SPXC". For more information,
please visit www.spx.com.
About SPX FLOW, Inc. (spinoff company):
Based in Charlotte, North
Carolina, SPX FLOW, Inc. is a leading global supplier of
highly engineered flow components, process equipment and turn-key
systems, along with the related aftermarket parts and services,
into the food and beverage, power and energy and industrial end
markets. SPX FLOW, Inc. is expected to have approximately
$2.5 billion in annual revenues and
approximately 8,000 employees with operations in over 35 countries
and sales in over 150 countries around the world. Following the
spinoff, SPX FLOW, Inc. will be listed on the New York Stock
Exchange under the ticker symbol "FLOW". For more information and
the most recent Form 10 filing, please visit www.spx.com.
Certain statements in this press release are 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 read these results in conjunction
with the company's documents filed with the Securities and Exchange
Commission, including the company's annual reports on Form 10-K,
and any amendments thereto, and quarterly reports on Form 10-Q.
These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. Actual results may
differ materially from these statements. The words "expect,"
"anticipate," "project" 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. Statements in this press release speak
only as of the date of this press release, and SPX disclaims any
responsibility to update or revise such statements.
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SOURCE SPX Corporation