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Transcript of 1b065b92-76da-4e8c-81e3-c762b779caac
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ITTs water business to preview new identity, products at WEFTEC ahead of
spinoff into standalone water company, Xylem
17/10/2011 10:00:00
Xylem prepares to launch with global reach, broad applications expertise, strongleadership team and innovative culture
WHITE PLAINS, N.Y., October 17, 2011 ITT Corporations water business will showcase its
new products and new identity at the 84th annual Water Environment Federation Technical
Exhibition and Conference (WEFTEC), a leading water industry exhibition focused on water
quality, to be held in Los Angeles from October 15-19. This event comes just before the spinoff of
ITTs water business into a standalone global water technology corporation, Xylem, planned for
October 31. The companys strong product brands will continue to be leaders in the transport,
treatment, testing and efficient use of water.During the exhibition, ITT will introduce its newest products, including analytical instruments to
measure pH, mV, temperature and conductivity quickly and accurately; low- pressure sewage
pump stations and non-clog pumps under the Flygt brand, and WEDECO-branded energy-efficient
ozone oxidation systems and UV wastewater disinfection systems. Gretchen McClain, current
president of ITT Fluid and Motion Control and future chief executive officer and president of
Xylem, will join a panel of top industry leaders in a session moderated by former U.S. EPA
Administrator G. Tracy Mehan III, to discuss the future of water.
Xylem is committed to solving todays global water-related challenges, said McClain. As weapproach our spinoff into a standalone water company, we look forward to working with our
partners and customers to further drive innovation in the water space and ultimately, ensure that
all people have a safe, steady supply of clean water.
Upon completion of the spinoff, Xylem will be a leading global water technology provider, enabling
customers to transport, treat, test, analyze and efficiently use water in public utility, residential and
commercial building services, industrial and agricultural settings. The company will be uniquely
positioned to deliver value through its market-leading product brands, applications expertise and
technological strength across key water applications.
Xylem will continue to maintain a global presence, doing business in more than 150 countries
through a balanced distribution network consisting of a direct sales force and independent channel
partners. The company will be headquartered in White Plains, N.Y., with 2010 revenues of $3.2
billion and 12,000 employees worldwide.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all
seven continents in three vital markets: water and fluids management, global defense and
security, and motion and flow control. With a heritage of innovation, ITT partners with its
customers to deliver extraordinary solutions that create more livable environments, provide
protection and safety and connect our world. Headquartered in White Plains, N.Y., the company
generated 2010 revenue of $11 billion.
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Press Contact:
Tom Glover
+1 914 323 5891
mailto:[email protected]:[email protected]