com) employs
approximately 350 people
across two facilities, both located in Oklahoma City, OK.
Internet users
can listen to a real-time audio broadcast of the
presentation as well as an archive of the presentation
on Cognex's
website at http://www. Cognex's
Modular Vision Systems Division, headquartered in
Natick,
Massachusetts, specializes in machine vision systems that are used for
automating the
manufacture of a wide range of discrete items and for
assuring their quality.
wastewater 1917
com/cgi-bin/prnh/20000223
/FRANKLOGO )
The purchase price of $121 million excludes associated tax benefits and
transaction
costs and is subject to certain adjustments at closing.rough 1917
----Cognex Corporation
(NASDAQ: CGNX) is scheduled
to present at the Robert W. Cognex's Surface Inspection Systems Division,
headquartered in Alameda
, California, specializes in machine vision
systems that are used for inspecting the surfaces of products
manufactured in a continuous fashion, such as metals, papers and
plastics.pumps representing
cognex.undertake 1917
7 billion in
cumulative revenue, since the company's founding in 1981.ipma 1917
Richard A." Cognex is the
world's
leader in the machine vision industry, having shipped more
than 225,000 machine vision systems, representing
over $1.sewage submersible
Franklin Electric expects the
transaction to be accretive to its earnings per share in
the first year of
ownership.pda sump
Baird 2005 Growth Stock Conference
NATICK, Mass.servicing result
Franklin Electric
Announces an Agreement to Acquire Little Giant Pump Company and Expand Pump Offering
Little
Giant
, a wholly owned subsidiary of Tecumseh Products Company, is a leading
worldwide provider of commercial
and consumer water transfer solutions.
(Logo: http://www.m.sewage rough
lgpc. You
should not place undue
reliance upon any such forward-looking
statements, which speak only as of the date made.pda valve
com/investor
/default.ipma result
R.
Baird 2005
Growth Stock Conference at The Four Seasons Hotel in Chicago
, IL.pda pumping
eastern time. Such risks and uncertainties include:
(1) global economic conditions that impact
the capital spending trends
of manufacturers in a variety of industries; (2) the cyclicality of
the
semiconductor and electronics industries; (3) the inability to
achieve significant international
revenue; (4) fluctuations in foreign
exchange rates; (5) the loss of, or significant curtailment
of
purchases by, any one or more principal customers; (6) the reliance
upon certain sole source
suppliers to manufacture and deliver critical
components for the company's products; and (7) the
other risks
detailed in the company's reports filed with the SEC, including the
company's Form
10-K for the fiscal year ended December 31, 2004.wastewater valve
BLUFFTON, Ind. It intends to fund the purchase
with borrowings under its credit
facility and cash on hand. In addition to its corporate headquarters
in Natick,
Massachusetts, Cognex has regional offices and distributors located
throughout North
America, Japan, Europe, and Southeast Asia.cognex. These forward-looking statements, which include statements
regarding business trends and the company's financial outlook, involve
risks and uncertainties
that could cause actual results to differ
materially from those projected.representing fluid
sump rough
These risks
and uncertainties may cause actual results to
differ materially from those indicated by the forward
-looking statements.asp
About Cognex Corporation
Cognex Corporation designs, develops,
manufactures, and markets
machine vision systems, or computers that can "see.merger result
valve submersible
Little Giant's product
lines -- sump,
sewage, effluent, condensate and industrial submersible pumps -- will
complement
and broaden our overall pump offering and allow us to expand our
customer base.pumping valve
newscom. Any forward
looking statements contained herein involve risks and
uncertainties, including but not limited to
, general economic and currency
conditions, various conditions specific to the Company's business
and
industry, market demand, competitive factors, changes in distribution
channels, supply constraints
, technology factors, litigation, government and
regulatory actions, the Company's accounting policies
, future trends, and
other risks which are detailed in the Company's Securities and Exchange
Commission
filings.Cognex to Present at Robert W. Baird 2005 Growth Stock Conference
Business Editors
/Technology Editors
Robert W. Morin, Senior Vice President and CFO of Cognex, will
discuss the
company's performance and future prospects on Tuesday, May
10, beginning at 10:40 a. The company
disclaims any obligation to update forward-looking statements after
the date of such statements
.result swpa
, Franklin Electric Co. The transaction, which is subject to regulatory
approval and other customary
closing conditions, is expected to close shortly
after such approval is obtained. Scott Trumbull
, Chairman and Chief Executive Officer of Franklin
Electric, stated, "The acquisition of Little Giant
Pump Company will solidify
Franklin Electric's position as a global supplier of pumping equipment
for
residential and commercial markets.sump swpa
About Little Giant Pump Company
Little
Giant Pump Company (http://www. Visit
Cognex on-line at http://www.rough merger
After
taking tax benefits
into account, the purchase price is approximately one
times Little Giant's 2005 fiscal year sales
.com
Forward-Looking Statement
Certain statements made in this press release and its attachments
,
which do not relate solely to historical matters, are forward-looking
statements.submersible pumps
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995.fluid sewage
About
Tecumseh Products Company
Tecumseh Products Company is a full-line independent global manufacturer
of hermetic compressors for residential and commercial refrigerators,
freezers, water coolers
, dehumidifiers, window air conditioning units and
residential and commercial central system air conditioners
and heat pumps;
gasoline engines and power train for lawn mowers, lawn and garden tractors,
garden
tillers, string trimmers, snow throwers, industrial and agricultural
applications and recreational
vehicles; electric motors and components,
including AC and DC motors, blowers, gear motors and linear
actuators for a
wide variety of industrial and consumer applications across a broad range of
industries;
and centrifugal pumps for industrial, commercial, marine and
agricultural applications.pumping effluent
,
Inc.
(Nasdaq: FELE), the world's largest manufacturer of submersible electric
motors and a global supplier
of water pumping systems and fuel pumping
systems, announced today that it has entered into a definitive
agreement to
acquire Little Giant Pump Company in a stock purchase transaction."
About
Franklin Electric
Franklin Electric is a global leader in the production and marketing of
water
and fuel pumping systems and is a technical leader in submersible
motors, drives, controls, and monitoring
devices. Little Giant pumps
are used in a broad range of commercial and consumer applications including:
plumbing / wastewater, heating, ventilating and cooling ("HVAC"), water
gardening, swimming pool
and aquarium maintenance, decorative fountains and
industrial and OEM water transfer applications
. You can identify these forward-looking statements by use
of the words "expects," "anticipates,"
"estimates," "believes,"
"projects," "intends," "plans," "will," "may," "shall" and similar
words
.sump submersible
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