news, people, new vacuum pumps, mergers and acquisition Pfeiffer Vacuum closes acquisition of Adixen Asslar, Germany - Dec. 31, 2010   -   First integration measures are taken   -   Target confirmed to become a world leader in vacuum solutions   -   Closing has an impact on the 2010 balance sheet Pfeiffer Vacuum Technology AG today closed the acquisition of Alcatel-Lucent’s Vacuum Technology Unit "Adixen". The company had announced the intention to purchase Adixen on November 3, 2010. The purchase price totals approximately € 200 million on a debt/cash-free basis. In order to finance the deal, Pfeiffer Vacuum had generated about € 112 million through a capital increase and the sale of treasury shares on November 18. The remaining part of the purchase price was funded through a bank loan. Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, comments on the acquisition: "We are happy that the transaction is settled now. We already took first steps towards the integration of Adixen in the past weeks. Together with the management of Adixen we are convinced to become a world leader in vacuum solutions."    more Nash Oldest Pump Contest Winner Dec. 30, 2010 Gardner Denver Nash is happy to announce the winner of the Oldest Pump Contest: the Sewerage and Water Board of New Orleans, Drainage Station #6. They entered the contest with two pumps that have been running since 1928 (that’s 82 years)!     more Edwards expands ixa vacuum pump family CRAWLEY, WEST SUSSEX, UK. - December 1, 2010 Edwards, a leading global supplier of vacuum and abatement equipment and services, today expanded its iXA family of magnetically-levitated turbomolecular pumps with the introduction of the STP-iXA2206 and STP-iXA3306 pumps. Developed for solar, glass coating, semiconductor and LCD etch applications, the iXA2206/iXA3306 pumps deliver best-in-class performance superior to that offered by earlier iXA family pumps.     more Pfeiffer Vacuum Technology AG intends to acquire ADIXEN Asslar, Germany - Nov. 3, 2010 Pfeiffer Vacuum Technology AG intends to acquire Alcatel-Lucent’s Vacuum Technology Unit Adixen   -   On the road to becoming a world leader in vacuum   -   2011 sales revenues of more than EUR 500 million anticipated based on strong business performance   -   Strategic complement in backing pumps and improved access to Asian markets Asslar, intends to acquire Alcatel-Lucent’s Vacuum Technology Unit Adixen which is headquartered in Annecy, France. Negotiations on the purchase of the companies, patents and licenses belonging to this unit have been largely finalized.    more Gardner Denver, Inc. Reports Third Quarter 2010 Financial Results QUINCY, IL, USA - Oct. 21, 2010 "The third quarter 2010 financial results reflect the best end-market demand and operational performance for Gardner Denver since the third quarter of 2008," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "In addition to some general improvement in demand for our Industrial Products in North America, in the third quarter we benefited from significantly higher orders for these products in Asia Pacific, compared to the same period in 2009, primarily due to investments in infrastructure projects. In the third quarter, Engineered Products also received orders for infrastructure investments, such as an order for loading arms destined for the Middle East (approximately $14 million) and an order for engineered packages for Brazil (approximately $9 million). Both of these orders are expected to ship mid-2011, so our view into next year is gradually improving. The Company also benefited from investments in shale development in North America, resulting in strong demand and increased backlog for drilling and well servicing pumps, which provides somewhat improved clarity into early 2011.    download the complete report (pdf)    10-Q report (pdf) - consolidated statements Agilent Technologies: new line of turbomolecular high vacuum pumps SANTA CLARA, Calif., Aug. 26, 2010 Agilent Technologies Inc. today announced a new line of turbomolecular high vacuum pumps, well-suited for ultra-high vacuum (UHV) applications requiring the highest level of compression ratios for light gases. Using patented TwisTorr molecular drag technology, Agilent has developed the Turbo-V 750 TwisTorr, the Turbo-V 850 TwisTorr and the Turbo-V 2300 TwisTorr. The new turbomolecular pumps greatly increase pumping efficiency in a very compact space and provide significant improvements in performance. Turbomolecular high vacuum pumps are used for various applications including analytical instrumentation; thin film deposition; space simulation; fusion technology; particle accelerators and synchrotrons; and other industrial applications. The TwisTorr technology represents a significant step in the evolution of hybrid turbo high vacuum pumps, said Giampaolo Levi, vice president and general manager of Agilent's Vacuum Products Division.     more Gardner Denver, Inc. Reports Second Quarter 2010 Financial Results QUINCY, IL, USA - July 22, 2010 "In the second quarter of 2010, we demonstrated further progress toward our goal of 14 percent operating margin in the Industrial Products segment by 2014. We continue to make progress in improving our productivity and reducing material costs by broadening applications of our business system, 'The Gardner Denver Way.' Evidence of this change can be seen in the improvement in both our operating margin, adjusted to exclude restructuring costs and nonrecurring items, and inventory turnover, which improved to 5.4 times as of June 30, 2010 from 4.9 times as of June 30, 2009. We believe further opportunities exist to improve our processes and productivity in both reportable segments, as we continue our transformation into a lean organization." said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "In early July, we completed the acquisition of ILMVAC GmbH, a leading European provider of vacuum pumps, systems and accessories for R&D laboratories and industrial applications. ILMVAC has technical expertise in applying existing vacuum technology for lab applications tailored, in particular, to the European marketplace."    more NASH 2BE4: New model range of liquid ring pumps for high volume flow rates Nuremberg, July 21, 2010 Gardner Denver Nash extends its expertise in the market for liquid ring pumps with high volume flow rates with the new NASH 2BE4 model. The NASH 2BE4 was adapted logically to suit the process industry's diverse requirements. Ten sizes, as well as two material types, make it into an adaptable pump for high gas volume flow rates.     more Gardner Denver announced today that it has acquired ILMVAC GmbH, located in Ilmenau, Germany QUINCY, IL, Jul 01, 2010 "ILMVAC has technical expertise in applying existing vacuum technology for lab applications tailored, in particular, to the European marketplace," said Barry L. Pennypacker, President and Chief Executive Officer of Gardner Denver. "We believe the addition of the ILMVAC product lines and distribution channels to Gardner Denver will strengthen our global position in the lab and life science market segment, served today through our Welch brand that is primarily sold in North America. I am very pleased to add ILMVAC to the European operations of our Engineered Products Group and welcome the employees of ILMVAC to the Gardner Denver family."    more VACOM new BARION XS vacuum gauges Jena, June 16, 2010 VACOM offers reliable, field proven and technologically innovative vacuum gauges for your application, covering UHV to atmospheric pressure. New in our portfolio: BARION XS - active hot cathode ionization gauge for the total pressure range 1·10-9 to 5·10-2 mbar. Analogue voltage output, optimized for computer controlled vacuum chambers. Small dimensions, high accuracy, robustness and long operation time due to installed spare filament are characteristics of the BARION XS.    more Edwards opens new facility in Taiwan June 16, 2010 Edwards Limited, the leading global manufacturer of vacuum technology, has opened a new service centre and sales office at Jhunan in Taiwan to support its many customers in the industrial, solar, semiconductor, flat panel and rapidly growing LED sectors. All employees based at the company’s existing premises in Toufen will transfer to the new larger facility, which is closer to its major Taiwanese customers.    more Nominated for the german Great Award of Medium-Sized Businesses: Schwarzer Precision Essen, May 2010 The manufacturer of micro pumps for medical and environmental application convinces with family feeling, innovation and commitment. Since 1995 the Oskar-Patzelt Foundation, headquartered in Leipzig, grants the "Great Award of Medium-Sized Businesses" to companies from all of Germany. The company receiving such nomination can count itself among Germany's corporate elite, because many criteria must be met to actually be included in the list of nominees, based on third party recommendation.    more Gardner Denver, Inc. Reports First Quarter 2010 Financial Results QUINCY, IL, USA - May 6, 2010 Revenues decreased $40.3 million, or 8.7%, to $422.2 million in the three months ended March 31, 2010, compared to $462.5 million in the comparable three-month period of 2009. This decrease was attributable to lower volume in both segments ($58.5 million, or 13%, in total) and net price decreases ($1.2 million), partially offset by favorable changes in foreign currency exchange rates ($19.4 million, or 4%).     more Indutrade acquires the Finnish company A-Vacuum Oy’s pump business Kista, Sweden - May 5, 2010 Indutrade has acquired the Finnish company A-Vacuum Oy’s pump business with annual sales of about SEK 12 million. The product range consists mainly of vacuum pumps and associated components together with maintenance and service, but also includes oils and lubricants, valves and other flow products.     more For Pfeiffer Vacuum the crisis seems to be over. Asslar, Germany, May 4, 2010 Pfeiffer Vacuum announces first quarter results - Sales revenues up significantly in core business - Trinos integration on schedule - New orders surge For Pfeiffer Vacuum the crisis seems to be over. The company’s order intake in the first quarter 2010 is at € 49.4 million 28.6 percent above the prior year’s level of € 38.4 million. When it comes to sales revenues, Pfeiffer Vacuum's year-on-year comparison for fiscal 2010 is characterized by a variety of non-recurring effects: A major contract from the solar industry had a significant positive impact on sales revenues in 2009. Against this special effect stands the integration of newly acquired subsidiary Trinos Vakuum-Systeme, which is on schedule and makes a positive contribution to sales revenues in 2010. Aside from these factors, the results for the first quarter of 2010 show a clear improvement in the company's core business.    more NASH Vectra SX: New range of small capacity liquid ring pumps Nuremberg, Germany - April 28, 2010 Gardner Denver Nash launches a new range of small capacity liquid ring vacuum pumps and compressors: The NASH Vectra SX was designed from the ground to meet the widespread needs of the process industry. The combination of five different models as well as two drive arrangements and material makes it an extremely adaptable pump for lower flow rates between 35 and 210 m³/h     more KNF SC 920 Vacuum systems now with remote control and PC control Freiburg, Germany - April 9, 2010 The SC 920 Vacuum pump system from KNF Lab comes equipped with wireless remote control. This feature eliminates the need to set up the system near the process apparatus and provides previously unheard-of flexibility in the laboratory. What's more, the system can now be tucked away inside laboratory furniture or placed underneath a fume hood without the hassle of running cables.    more Award-winning Pfeiffer Vacuum catalog Asslar, Germany - April 8, 2010 Pfeiffer Vacuum takes 1st prize in the 2009 INKA Competition for the best product catalog in the Print category. The catalog's perfect organization and impressive appendix with selection aids, units of measure and formulas, symbols and index received special praise from the jury. Overall, some 100 catalogs had been entered in the competition. The INKAs 2009 for the best print and online catalogs were awarded on March 17, 2010, in Lindau, Germany.    more NASH vacuum pumps for the PM 7 in Dunaujvaros Nuremberg, Germany - April 7, 2010 Gardner Denver Nash Germany supplied the complete vacuum system for dewatering in the forming and press sections of the new PM7 paper machine in Dunaujvaros. This technology has already proven itself in every other paper machine within the Hamburger Group, with robustness, efficiency and flexibility that guarantee the highest operational reliability.     more Pfeiffer Vacuum 2009 Financial Results Asslar, Germany - March 23, 2010 - Excellent profitability in spite of economic crisi - Proposed dividend: High distribution ratio maintained - Core business well on its way in 2010 As already announced in the form of preliminary results, Pfeiffer Vacuum's now audited sales revenues totaled € 182.0 million in fiscal 2009. The company’s good, above-average development by comparison with the crisis-plagued industry environment has prompted the Management and Supervisory Boards to propose that the high dividend distribution ratio of previous years be maintained.    more Pfeiffer Vacuum new HiPace 60 turbopump Asslar, März 2010 Pfeiffer Vacuum has brought to market a new, robust turbopump that is named HiPace60. This pump is characterized by a high level of cost-effectiveness and flexibility in all mounting orientations.    more Pfeiffer Vacuum weathers the crisis Asslar, Germany, February 23, 2010 - Sales revenues satisfactory in spite of economic environment - EBIT margin remains at high level - Positive trend of new orders Pfeiffer Vacuum announces its preliminary, as-yet unaudited results for the 2009 fiscal year.    more Pfeiffer Vacuum New Duo 125 und Duo 255 rotary vane vacuum pumps Asslar, Februar 2010 With the Duo 125 and Duo 255, Pfeiffer Vacuum has brought to market two further two-stage rotary vane pumps. The Duo 125 and Duo 255 are used when industrial or scientific vacuum applications necessitate dependable pumps for high pumping speeds of between 120 and 250 m3/h in the low and medium vacuum ranges. These pumps are suitable for employment in high-vacuum pumping stations in combination with turbopumps or as backing pumps for Roots pumps. Typical low and medium vacuum industrial applications include vacuum drying, metallurgy or coating.    more NASH Vectra XL 750 now offers suction capacities of up to 7,000 m3/h Nuremberg, Germany - Feb. 12, 2010 Gardner Denver Nash has expanded its Vectra model range series of liquid ring vacuum pumps and compressors: The NASH Vectra XL 750 is designed and built for suction capacities of up to 7,000 m³/h and can be used as a vacuum pump as well as a compressor.     more Gardner Denver, Inc. Reports Fourth Quarter 2009 Financial Results QUINCY, IL, USA - Feb. 11, 2010 Revenue Growth, Investments in Lean and Profit Improvement Initiatives Result in Sequential Operating Margin, DEPS and Cash Flow Increases    more Dr. Michael Buscher appointed as new CEO of Oerlikon Pfäffikon SZ, Feb. 10, 2010 The Board of Directors of Oerlikon Group has appointed Dr. Michael Buscher to take on the position as CEO of the company. It is expected that Dr. Buscher will join Oerlikon in May 2010. Mr. Hans Ziegler will continue in his role as Delegate of the Board until Dr. Buscher is free from his previous contract obligations.    more Graham Corporation Reports Third Quarter of Fiscal 2010 Jan. 29, 2010 Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refinery, petrochemical and power industries, today reported its financial position and results of operations for its third quarter and nine months ended December 31, 2009. Graham’s current fiscal year ends March 31, 2010, and is referred to as fiscal 2010.    more Ferrotec Acquires the Temescal Division of Edwards Vacuum Livermore, CA, USA - Jan. 19, 2010 Ferrotec (USA) Corporation, a global supplier of materials, components, and precision system solutions, today announced that it has purchased the Temescal Division of Edwards Vacuum, Inc.    more Edwards to close manufacturing operations in UK Jan. 17, 2010 According to the Financial Times, and quoting CEO, Nigel Hunton, vacuum pump specialist Edwards is to shift its hi-technology manufacturing to a plant in South Korea and its chemical and pharmaceutical technologies to the Czech Republic. However, R&D will continue at its plant in Shoreham, UK. According to the report, 220 jobs will be lost in the UK due to the transfer of production.    more Hick Hargreaves Products Integrated into Edwards Portfolio Crawley, UK - Jan. 5, 2010 Following its acquisition of the well-known Bolton, UK based engineering company Hick Hargreaves & Co Ltd in 2001, leading vacuum technology business Edwards has integrated the Hick Hargreaves range of steam ejector systems, water injection deaerators and high pressure feed heaters into its product portfolio.    more Pfeiffer Vacuum closes acquisition of Adixen Asslar, Germany - Dec. 31, 2010   -   First integration measures are taken   -   Target confirmed to become a world leader in vacuum solutions   -   Closing has an impact on the 2010 balance sheet Pfeiffer Vacuum Technology AG today closed the acquisition of Alcatel-Lucent’s Vacuum Technology Unit "Adixen". The company had announced the intention to purchase Adixen on November 3, 2010. The purchase price totals approximately € 200 million on a debt/cash-free basis. In order to finance the deal, Pfeiffer Vacuum had generated about € 112 million through a capital increase and the sale of treasury shares on November 18. The remaining part of the purchase price was funded through a bank loan. Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, comments on the acquisition: "We are happy that the transaction is settled now. We already took first steps towards the integration of Adixen in the past weeks. Together with the management of Adixen we are convinced to become a world leader in vacuum solutions." download:   Pfeiffer Vacuum closes acquisition of Adixen Pfeiffer Vacuum Technology AG - www.pfeiffer-vacuum.com Dr. Brigitte Loos, Investor Relations, email: Brigitte.Loos@pfeiffer-vacuum.de Tel. +49 (0) 6441 802-346, Fax +49 (0) 6441 802-365 Nash Oldest Pump Contest Winner Dec. 30, 2010 Gardner Denver Nash is happy to announce the winner of the Oldest Pump Contest: the Sewerage and Water Board of New Orleans, Drainage Station #6. They entered the contest with two pumps that have been running since 1928 (that’s 82 years)! The Sewerage and Water Board, the water/drainage arm of the city of New Orleans, has a number of drainage stations throughout the city. At each of these stations, they have Nash vacuum pumps serving as priming pumps for their huge horizontal drainage pumps. Many of these pumps (including the two winners) are driven by 25 cycle motors. The 25 cycle power is produced by the S&WB themselves because the normal 60 cycle power produced by the local power company cannot be relied upon during hurricanes. Many of the other Nash pumps are diesel engine driven. Another interesting note is that the winning pumps are chain driven, an unusual set up. The two winning pumps were installed in 1928 when the station was built. During Hurricane Katrina, the station where these pumps are installed was submerged. Once the water level dropped below the station floor level, the Nash pumps were started up to prime the drainage pumps, which then ran for several weeks draining the city. Other contest entries included two Nash pumps that have been running in a Florida water district since 1953, a Nash H-9 that has been used in the manufacture of molded pulp products since 1962 and a Nash H-5 that has been working in a paper mill since 1979. Congratulations to all entrants for getting great value from their Nash pumps. Edwards expands ixa vacuum pump family CRAWLEY, WEST SUSSEX, UK. - December 1, 2010 Edwards, a leading global supplier of vacuum and abatement equipment and services, today expanded its iXA family of magnetically-levitated turbomolecular pumps with the introduction of the STP-iXA2206 and STP-iXA3306 pumps. Developed for solar, glass coating, semiconductor and LCD etch applications, the iXA2206/iXA3306 pumps deliver best-in-class performance superior to that offered by earlier iXA family pumps. “The new STP-iXA2206/iXA3306 are fully-integrated vacuum pumps that are easy to install and offer a small footprint as an all-in-one solution for all application tools,” said Masahide Tanaka, senior product manager, TMP Business Division, Edwards Japan, Ltd. “The integration of the onboard controller eliminates the need for control unit rack mounting and a connection cable between the pump and the control unit, saving installation time, space and cost. Its compact design and size compatibility with previous models simplifies upgrades from existing pumps.” The STP-iXA3306 offers industry-leading pumping performance. It has a maximum pumping speed of 3200 liters per second and improved throughput performance at high gas flows. The STP-iXA2206 offers the same pumping speed of the earlier STP-A2203, yet the maximum throughput capability has been increased. It features the latest-generation small power supply, which has been incorporated into the popular onboard controller first introduced with the STP-iXA2205 pump. It also includes a temperature management system option to minimize the formation of process-generated byproducts.The pump’s five-axis magnetic bearing system and new motor and drive system ensure long life and low operating costs with maintenance intervals as long as five years. The STP-iXA Series will be showcased at the Edwards booth 4C-704 during SEMICON® Japan, taking place December 1-3, 2010 at Makuhari Messe, Chiba, Japan. For further information about Edwards products, please visit: www.edwardsvacuum.com. Pfeiffer Vacuum Technology AG intends to acquire ADIXEN Asslar, Germany - Nov. 3, 2010 Pfeiffer Vacuum Technology AG intends to acquire Alcatel-Lucent’s Vacuum Technology Unit Adixen   -   On the road to becoming a world leader in vacuum   -   2011 sales revenues of more than EUR 500 million anticipated based on strong business performance   -   Strategic complement in backing pumps and improved access to Asian markets Pfeiffer Vacuum Technology AG (Asslar, Germany) intends to acquire Alcatel-Lucent’s Vacuum Technology Unit Adixen which is headquartered in Annecy, France. Negotiations on the purchase of the companies, patents and licenses belonging to this unit have been largely finalized. Manfred Bender, Chief Executive Officer of Pfeiffer Vacuum Technology AG, comments on the envisaged acquisition: “With this move, Pfeiffer Vacuum is now entering a new dimension of business. We will not only double our sales revenues, but also significantly increase our market presence. We have always said we want to enhance our position in backing pumps, and we believe that the Adixen product portfolio is the perfect fit for us. In addition, we will expand our international sales and service network and, in particular, gain better overall access to the highgrowth Asian markets.” Bender adds: “We at Pfeiffer Vacuum are dedicated to creating and enhancing value for our shareholders. Based on the current strong business performance we expect to generate sales revenues of more than € 500 million in the fiscal year 2011.The financial results we announced this morning demonstrate that we were able to return our EBIT margin to normal, even during the first year of the Trinos integration. And we are going to show the same strict discipline in connection with the Adixen integration.” Jean-Yves Guegan, President of Adixen, notes: “The combination of Adixen and Pfeiffer Vacuum, two leaders in pumping solutions and leak detection systems, will create a powerful force in the industry. Our portfolio and talent meshes quite well with that of Pfeiffer Vacuum and will create a platform to better serve both companies’ existing customers as well as drive growth in overall market share.” Alcatel-Lucent’s Vacuum Technology Unit, which does business under the Adixen brand name, is an acknowledged world leader in vacuum pumps and leak detectors with a top market position in the field of backing pumps. In fiscal year 2009, the Adixen unit generated sales revenues of € 134 million and a negative EBITDA of € 3 million which was largely attributable to the general economic crisis. The interim financial statements for the Adixen unit for the period ended June 30, 2010, record sales revenues of € 116 million and an EBITDA of € 14 million. On the basis of these numbers, sales revenues of approximately € 270 million and an EBITDA of approximately € 40 million are anticipated for the entire fiscal year 2010. The purchase price for this unit will total approximately € 200 million on a debt/cash-free basis and will be fully financed through a bank loan. Pfeiffer Vacuum intends to reduce a portion of the acquisition financing by selling treasury shares and through a capital increase from authorized capital in the amount of up to 10 percent of its share capital. The supervisory board of Pfeiffer Vacuum consented to the acquisition today. Prior to the signing of the contract, a hearing of employee councils of the Alcatel-Lucent group is required. The acquisition is planned to become effective on December 31, 2010. Hauck & Aufhäuser Investment Banking and Wagram Corporate Finance acted together as sole financial advisors to Pfeiffer Vacuum on this transaction. download:   Pfeiffer Vacuum to purchase ADIXEN Pfeiffer Vacuum Technology AG - www.pfeiffer-vacuum.com Dr. Brigitte Loos, Investor Relations, email: Brigitte.Loos@pfeiffer-vacuum.de Tel. +49 (0) 6441 802-346, Fax +49 (0) 6441 802-365 Agilent Technologies: new line of turbomolecular high vacuum pumps SANTA CLARA, Calif., Aug. 26, 2010 Agilent Technologies Inc. (NYSE: A) today announced a new line of turbomolecular high vacuum pumps, well-suited for ultra-high vacuum (UHV) applications requiring the highest level of compression ratios for light gases. Using patented TwisTorr molecular drag technology, Agilent has developed the Turbo-V 750 TwisTorr, the Turbo-V 850 TwisTorr and the Turbo-V 2300 TwisTorr. The new turbomolecular pumps greatly increase pumping efficiency in a very compact space and provide significant improvements in performance. Turbomolecular high vacuum pumps are used for various applications including analytical instrumentation; thin film deposition; space simulation; fusion technology; particle accelerators and synchrotrons; and other industrial applications. "The TwisTorr technology represents a significant step in the evolution of hybrid turbo high vacuum pumps," said Giampaolo Levi, vice president and general manager of Agilent's Vacuum Products Division. "Agilent is committed to providing innovative vacuum solutions offering unmatched performance and best-in-class compression ratio in the most compact space available." The innovative TwisTorr technology delivers high pumping speed with a very compact rotor design, reducing power consumption and system footprint. High foreline pressure tolerance permits the use of a smaller, low-cost backing pump, further reducing system size. The TwisTorr pumps also feature a unique bearing and dry lubrication suspension system that is maintenance-free, eliminates oil and risk of contamination, and permits installation in any orientation. Additionally, the Turbo-V 2300 TwisTorr pump has a dedicated rack controller unit, making it ideally suited for accelerator and synchrotron light-sources and other radioactive applications. The Turbo-V 750 TwisTorr and Turbo-V 850 TwisTorr offer a pumping system with a fully integrated 48Vdc controller or as a standalone pump with a universal voltage rack controller unit. The high-performance level of the Turbo-V 750 TwisTorr and the Turbo-V 850 TwisTorr allows a wide range of applications. OEM customers in need of system integrations have access to fully integrated electronics in several applications, such as analytical instrumentation, thin-film deposition and surface analysis. Research institutes and universities that require manual pump operation can use the full-rack controller solution. The TwisTorr line will be available to order in September. About Agilent Technologies Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in chemical analysis, life sciences, electronics and communications. The company's 18,500 employees serve customers in more than 100 countries. Agilent had net revenues of $4.5 billion in fiscal 2009. Information about Agilent is available on the Web at www.agilent.com. contact Agilent - Eric Endicott, email: eric_endicott@agilent.com, Tel. +1 408 553 2005 Gardner Denver, Inc. Reports Second Quarter 2010 Financial Results QUINCY, IL, July 22, 2010 - Gardner Denver, Inc. (NYSE: GDI) Revenue Growth and Cost Reductions Lead to DEPS Improvement Second Quarter Highlights: - Organic order growth was 38 percent, compared to the three-month period ended June 30, 2009. - Operating income expanded 110 percent on a 3 percent increase in revenues. - Diluted Earnings per Share ("DEPS") were $0.71 for the second quarter of 2010, 34 percent higher than $0.53 in the previous year. - The estimated full-year DEPS range has been increased to $2.83 to $2.93, including profit improvement costs and other items totaling $0.04 per diluted share. - Cash provided by operating activities exceeded $40 million for the second quarter of 2010 and was used in part to repay debt (approximately $21 million) and repurchase shares (approximately $9 million). Gardner Denver, Inc. (NYSE: GDI) announced that revenues and operating income for the three months ended June 30, 2010 were $449.5 million and $56.6 million, respectively, and net income and DEPS attributable to Gardner Denver were $37.3 million and $0.71, respectively. For the six-month period of 2010, revenues and operating income were $871.7 million and $104.1 million, respectively, and net income and DEPS attributable to Gardner Denver were $69.3 million and $1.31, respectively. The three and six-month periods ended June 30, 2010 included expenses totaling $1.8 million and $2.8 million, respectively, for profit improvement initiatives and non-recurring items. These expenses reduced DEPS for the three and sixmonth periods of 2010 by $0.02 and $0.04, respectively. Compared to the three-month period of 2009, revenues increased 3 percent, and orders increased 37 percent. The improvement in orders occurred in most business units and in all regions, with the most significant increase resulting from incremental demand for petroleum products. Operating income increased $29.7 million from $26.9 million in the prior year. Operating income as a percentage of revenues was 12.6 percent in the three-month period of 2010, compared to 6.2 percent in the prior year period. The prior year period included a net reduction of impairment charges of $3.9 million after the Company further analyzed its assessment of indefinite-lived intangible assets as of June 30, 2009. The quarter ended June 30, 2009 also included expenses related to profit improvement initiatives and non-recurring items totaling $19.9 million. Other factors leading to the increase in operating income in the three-month period of 2010, compared to the prior year period, were primarily the benefits of restructuring initiatives previously implemented and incremental profitability on the revenue growth. CEO's Comments "The global demand environment continues to show modest improvements on an organic basis," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "The improvement continues to be generally broad-based and we have not seen any signs that this recovery is atypical from previous cycles. We continue to experience improving demand for OEM products and aftermarket parts and services and are benefiting from accelerating demand for petroleum products and related aftermarket parts and services, primarily due to the investments in well servicing pumps used in fracturing shale formations. We invested in each of the impacted operations during the downturn to streamline our processes and create incremental internal capacity through velocity improvements. As a result of these efforts, the incremental profit on the revenue growth has increased and our lead times have been reduced. "In the second quarter of 2010, we demonstrated further progress toward our goal of 14 percent operating margin in the Industrial Products segment by 2014. We continue to make progress in improving our productivity and reducing material costs by broadening applications of our business system, 'The Gardner Denver Way.' Evidence of this change can be seen in the improvement in both our operating margin, adjusted to exclude restructuring costs and nonrecurring items, and inventory turnover, which improved to 5.4 times as of June 30, 2010 from 4.9 times as of June 30, 2009. We believe further opportunities exist to improve our processes and productivity in both reportable segments, as we continue our transformation into a lean organization. "In early July, we completed the acquisition of ILMVAC GmbH ("ILMVAC"), a leading European provider of vacuum pumps, systems and accessories for R&D laboratories and industrial applications. ILMVAC has technical expertise in applying existing vacuum technology for lab applications tailored, in particular, to the European marketplace. "Cash provided by operating activities was more than $67 million in the first half of 2010, allowing the Company to continue to reduce its borrowings and repurchase some of its shares in the open market. Although we maintained certain cash balances at quarter-end to complete the acquisition of ILMVAC on July 1, debt-to-total capital declined to 23.0 percent as of June 30, 2010. We continue to expect cash flow from operating activities, less capital expenditures, to slightly exceed net income in 2010, which should position the Company to repurchase shares or make additional acquisitions, if the appropriate opportunities become available. "The Company invested $12.3 million in capital expenditures in the six-month period of 2010, compared to $28.1 million in the prior year period. By comparison, depreciation and amortization expense was $30.3 million for the six-month period of 2010 and $34.9 million in the comparable period of 2009. The Company expects capital expenditures to total approximately $35 million to $40 million in 2010." Outlook Mr. Pennypacker stated, "Our outlook reflects a combination of increasing volume in aftermarket parts and services, and OEM and petroleum products, offset by unfavorable changes in foreign currency exchange rates primarily as a result of the relative strengthening of the U.S. dollar compared to the euro since March 31, 2010. We believe that increases in capacity utilization are leading to improvements in demand for aftermarket parts and services for industrial equipment, but do not feel that capacity utilization has increased sufficiently to warrant a significant amount of capital investments by manufacturing companies. As a result of our expectation for a slow economic recovery, we anticipate demand for industrial products to gradually improve as the year progresses, but continue to remain cautious in our outlook. "Revenues for Engineered Products depend more on existing backlog levels than revenues for Industrial Products and orders for Engineered Products are frequently scheduled for shipment over an extended period of time. Many of these products are used in process applications, such as oil and gas refining and chemical processing, which are industries that typically experience increased demand very late in economic cycles. At present, orders for products used in these applications are primarily for replacement units, aftermarket parts and services. Our current outlook assumes that drilling pump shipments will not improve before the fourth quarter of 2010, but that demand for well servicing equipment and OEM compressors will remain strong through the balance of the year." Mr. Pennypacker stated, "Based on the economic outlook, our existing backlog and cost reduction plans, we are projecting the third quarter 2010 DEPS to be in a range of $0.68 to $0.74. The full-year 2010 DEPS are expected to be in the range of $2.83 to $2.93. This projection includes first half 2010 profit improvement costs (primarily consisting of severance expenses) and other items totaling $0.04 per diluted share. Full-year 2010 DEPS, adjusted to exclude profit improvement costs and other items, are expected to be in a range of $2.87 to $2.97. The effective tax rate assumed in the DEPS guidance for the second half of 2010 is 27 percent." download the report: Gardner Denver, Inc. Reports First Quarter 2010 Financial Results www.GardnerDenver.com NASH 2BE4: New model range of liquid ring pumps for high volume flow rates Nuremberg, Germany - April 28, 2010 Gardner Denver Nash extends its expertise in the market for liquid ring pumps with high volume flow rates with the new NASH 2BE4 model. The NASH 2BE4 was adapted logically to suit the process industry’s diverse requirements. Ten sizes, as well as two material types, make it into an adaptable pump for high gas volume flow rates. The NASH 2BE4 was developed from the proven NASH 2BE3, whose reliable performance was further improved. The development focused on optimizing the performance data, especially in vacuum below 500 mbar abs, and on increasing the pump’s service life. This was achieved by modifying the shaft bearings and optimizing the port plates and the impeller. Improvements to internal flow channeling have reduced the energy requirements by 6 to 8% while the scavenge performance remains constant. Optimization of the shaft bearings has increased machine flexibility in the event of operational malfunctions and, in addition, has ensured better lubrication, which is positively reflected in the service life. An optional connection for flushing the housing is also available. This feature improves cleaning possibilities and, in the process, increases the service life. The performance range of the NASH 2BE4 is unique within the market; it can be used as both vacuum pump and compressor. When used as a vacuum pump, volume flow rates of between 2,500 and 32,000 m³/h produce a vacuum of 160 mbar absolute; when used as compressor, 3,000 – 9,500 m³/h are possible and a compression pressure of up to 2.5 bar absolute can be achieved. With regard to its external dimensions, the NASH 2BE4 model is identical to its predecessor the NASH 2BE3. As a consequence, exchanging or upgrading to a more efficient machine is possible without any Page - 2 - problems. The NASH 2BE4 model is available in nodular graphite iron and stainless steel. In this way, the model can be used for diverse applications in many industries: in chemical process technology, filter applications, the paper industry, power plant technology, refineries and in many more applications. Reliability, efficiency and flexibility make the NASH 2BE4 an outstanding liquid ring pump for high volume flow rates. download:   NASH 2BE4: New model range of liquid ring pumps for high volume flow rates (pdf-Version) About the Company: Gardner Denver Nash is the Nash Division of Gardner Denver, Inc. originating from nash_elmo Industries, the company is the world's leading manufacturer of liquid ring vacuum pumps, compressors and engineered systems. For more than 100 years, Gardner Denver Nash has engineered and produced liquid ring pumps and vacuum and compressor systems for the most demanding applications in a variety of fields and industries. Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH - www.GDnash.com Wolfgang Kraft, Marketing, wolfgang.kraft@gardnerdenver.com, Tel. +49 (0)911 1454-7771, Fax +49 (0)911 1454-7777 Gardner Denver announced today that it has acquired ILMVAC GmbH, located in Ilmenau, Germany QUINCY, IL, Jul 01, 2010 Gardner Denver, Inc. (NYSE: GDI) announced today that it has acquired ILMVAC GmbH, located in Ilmenau, Germany. ILMVAC, a leading European provider of vacuum pumps, systems and accessories for research and development laboratories and industrial applications, generated sales of EUR 9.4 million, or approximately $11.6 million, in the year ended December 31, 2009. "ILMVAC has technical expertise in applying existing vacuum technology for lab applications tailored, in particular, to the European marketplace," said Barry L. Pennypacker, President and Chief Executive Officer of Gardner Denver. "We believe the addition of the ILMVAC product lines and distribution channels to Gardner Denver will strengthen our global position in the lab and life science market segment, served today through our Welch brand that is primarily sold in North America. I am very pleased to add ILMVAC to the European operations of our Engineered Products Group and welcome the employees of ILMVAC to the Gardner Denver family."   view printer friendly version Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "could," "anticipate," "expect," "believe," "will," "project," "lead," or the negative thereof or variations thereon or similar terminology. The actual future performance of the Company could differ materially from such statements. Factors that could cause or contribute to such differences include, but are not limited to: changing economic conditions; pricing of the Company's products and other competitive market pressures; the costs and availability of raw materials; fluctuations in foreign currency rates and energy prices; risks associated with the Company's current and future litigation; and the other risks detailed from time to time in the Company's SEC filings, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending December 31, 2009, and its subsequent quarterly reports on Form 10-Q. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future. Helen W. Cornell, Executive Vice President, Finance and CFO, Tel. +1 (217) 228-8209 - www.gardnerdenver.com VACOM Total pressure vacuum gauges Jena - June 16, 2010 VACOM offers reliable, field proven and technologically innovative vacuum gauges for your application, covering UHV to atmospheric pressure. Our strength is providing optimized solutions for your application. Take benefit from our long lasting experience in vacuum technology and contact us for a free consultation. We look forward to suggest the perfect solution for your application. New in our portfolio: BARION XS - active hot cathode ionization gauge for the total pressure range 1·10-9 to 5·10-2 mbar. Analogue voltage output, optimized for computer controlled vacuum chambers. Small dimensions, high accuracy, robustness and long operation time due to installed spare filament are characteristics of the BARION XS. Additional value is taken from integrated degas function, sensor protection to overpressure by automatic shutdown, fast reaction times at sudden pressure increase as well as easy maintenance. The optimized solution for a wide range of vacuum applications for a fair price. VACOM Vakuum Komponenten & Messtechnik GmbH - www.vacom-vacuum.com - Gabelsbergerstraße 9, 07749 Jena, Deutschland email: info@vacom.de, Tel. +49 (0)3641 4275-0, Fax +49 (0)3641 4275-24 Edwards opens new facility in Taiwan June 16, 2010 Crawley, West Sussex, UK. (16 June 2010) — Edwards Limited, the leading global manufacturer of vacuum technology, has opened a new service centre and sales office at Jhunan in Taiwan to support its many customers in the industrial, solar, semiconductor, flat panel and rapidly growing LED sectors. All employees based at the company’s existing premises in Toufen will transfer to the new larger facility, which is closer to its major Taiwanese customers. Edwards is market leader in supplying dry and turbo pumps to the 300mm semiconductor fab, flat panel and silicon solar industries in Taiwan with more than 20,000 pumps installed. The company is also market leader in providing abatement products to the Taiwanese semiconductor, flat panel and solar industries and has installed over 1,200 gas abatement systems locally. Edwards' Taiwanese business has had an extremely successful start to 2010, with record orders already received from all market sectors, and the new facility will help the company further develop its business. It will initially employ approximately 180 staff and will provide field service, sales, customer care and remanufacturing services for Edwards’ products as well as supporting solar customers across Asia. The 5,000m2 building is located at Kuan Yian Industrial Park in Jhunan Town in MiaoLi County. Roger Wu, Edwards country manager for Taiwan, explains: Our new facility includes a state-of-the-art remanufacturing and service operation, providing improved turnaround time to customers, and also enables us to hold support stock and spares closer to our users. The facility has been designed and constructed using lean manufacturing methodology. The use of Value Stream Mapping and understanding of TAKT time (the pace of production required to meet customer demand) has led to the development of high volume multi-product flow lines which remove workflow waste and provide a platform for further growth and flexibility. The centre already has obtained ISO14001 and two EHS certificates, and is working towards achieving ISO9001:2008 quality certification in 2011. The building has many environmentally friendly features, including low power consumption lights which switch off automatically, and over 80 per cent of its water is recycled. By 2012 at least 60 per cent of Edwards’ business will be in Asia, said Neil Lavender-Jones, president Asia Pacific of Edwards. Taiwan is a key market for us and our investment in this new service centre demonstrates our commitment to our Taiwanese customers. By having a dedicated service facility in Taiwan we will be able to provide a faster turnaround for our products, which is vital to our customers in these high growth sectors. Nominated for the german Great Award of Medium-Sized Businesses: Schwarzer Precision Essen, 25. Mai 2010 The manufacturers of micro pumps for medical and environmental application convince with family feeling, innovation and commitment Since 1995 the Oskar-Patzelt Foundation, headquartered in Leipzig, grants the Great Award of Medium-Sized Businesses to companies from all of Germany. The company receiving such nomination can count itself among Germany's corporate elite, because many criteria must be met to actually be included in the list of nominees, based on third party recommendation. Schwarzer Precision was able to score in all relevant disciplines and now belongs to the companies from North Rhine-Westphalia nominated in January 2010. The consistent positive overall development of the company from 1973 until today was one of the decisive factors. Initially specializing in the production of aquarium pumps, Schwarzer has been manufacturing customized micro pumps for the highly sensitive areas of medicine, environment, laboratories and analysis technology since 1995. The main orientation focuses on the customer, consulting and service. Schwarzer Precision has also positioned itself among the leaders in the area of innovation. The world's smallest piston pump was already developed in 1996. Since then, Schwarzer Precision introduces a new sensation almost every year. The Essen-based company currently has a workforce of 45 staff members, operates as a training company, and offers internship opportunities to high school and university students; its flexible working hours and vacation periods appeal especially to women with families. This demonstrates that Schwarzer Precision's slogan "We care" not merely applies to its precision engineered products but is also practiced as corporate philosophy in all areas: Apart from numerous local projects the company also supports UNICEF and SOS children centers. Schwarzer Precision therefore rightfully belongs to the "great ones" among medium-sized businesses. SCHWARZER PRECISION - www.schwarzer.com - Steeler Str. 477, 45276 Essen, Germany Vera Schwarzer, email: info@schwarzer.com, Tel. +49 (0)201 316970, Fax +49 (0)201 316970 Gardner Denver, Inc. Reports First Quarter 2010 Financial Results QUINCY, IL, May 6, 2010 - Gardner Denver, Inc. (NYSE: GDI) Results of Operations Performance during the Quarter Ended March 31, 2010 compared with the Quarter Ended March 31, 2009 Revenues Revenues decreased $40.3 million, or 8.7%, to $422.2 million in the three months ended March 31, 2010, compared to $462.5 million in the comparable three-month period of 2009. This decrease was attributable to lower volume in both segments ($58.5 million, or 13%, in total) and net price decreases ($1.2 million), partially offset by favorable changes in foreign currency exchange rates ($19.4 million, or 4%). Revenues in the Industrial Products Group decreased $7.5 million, or 3%, to $246.4 million in the first quarter of 2010, compared to $253.9 million in the first quarter of 2009. This decrease reflects lower volume (9%), partially offset by favorable changes in foreign currency exchange rates (5%) and price increases (1%). The volume decline was attributable to the global economic slowdown and was realized across most product lines and geographic regions. Revenues in the Engineered Products Group decreased $32.8 million, or 16%, to $175.8 million in the first quarter of 2010, compared to $208.6 million in the first quarter of 2009. This decrease reflects lower volume (17%) and price reductions net of price increases (2%), partially offset by favorable changes in foreign currency exchange rates (3%). The decline in volume was attributable to the global economic slowdown and was realized across most product lines and geographic regions. download the report: Gardner Denver, Inc. Reports First Quarter 2010 Financial Results www.GardnerDenver.com Indutrade has acquired the Finnish company A-Vacuum Oy’s pump business Kista, Sweden, May 5, 2010 Indutrade’s eighth acquisition this year. Turnover in the companies acquired in 2010 totals about SEK 1 billion Indutrade has acquired the Finnish company A-Vacuum Oy’s pump business with annual sales of about SEK 12 million. The product range consists mainly of vacuum pumps and associated components together with maintenance and service, but also includes oils and lubricants, valves and other flow products. Organisationally the business will be included in Tecalemit Flow Oy in the Engineering & Equipment business area which had net sales of SEK 1,569 million in 2009. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share. 2010 has begun very well for us. Our companies are reporting an increasing inflow of orders and the market is offering many opportunities. We have just completed Indutrade’s largest ever acquisition since the company was listed on the stock exchange when we acquired the Meson Group , says Johnny Alvarsson, President and CEO of Indutrade. AS of today Indutrade has made the following acquisitions in 2010: A-Vacuum Oy’s vacuum pump business Mesong Group, valves and couplings Stålprofil AB, profile systems for safety installations Lekang Group, filtration technology Metallcenter Sverige A’s, construction plastics business AxMediTec Sp.Z.o.o (Poland), med-tech equipment Corona Control AB, industrial valves Techno Skruv AB, fasteners and mechanical components The total net turnover of the eight companies acquired this year amounts to SEK 1 billion. Looking forward, we see that there a number of potential acquisitions that would strengthen Indutrade still further, says Johnny Alvarsson. download the press release: Indutrade has acquired the Finnish company A-Vacuum Oy’s pump business www.vacuum.fi For Pfeiffer Vacuum the crisis seems to be over Asslar, Germany, May 4, 2010 Pfeiffer Vacuum announces first quarter results - Sales revenues up significantly in core business - Trinos integration on schedule - New orders surge For Pfeiffer Vacuum the crisis seems to be over. The company’s order intake in the first quarter 2010 is at € 49.4 million 28.6 percent above the prior year’s level of € 38.4 million. When it comes to sales revenues, Pfeiffer Vacuum’s year-on-year comparison for fiscal 2010 is characterized by a variety of non-recurring effects: A major contract from the solar industry had a significant positive impact on sales revenues in 2009. Against this special effect stands the integration of newly acquired subsidiary Trinos Vakuum-Systeme, which is on schedule and makes a positive contribution to sales revenues in 2010. Aside from these factors, the results for the first quarter of 2010 show a clear improvement in the company’s core business. While Pfeiffer Vacuum’s sales revenues for the first quarter of 2010 slipped by 4.7 percent year on year for the above reasons, from € 52.0 million to € 49.5 million, the regional sales mix is an indication of Pfeiffer Vacuum’s positive development on international markets. Sales revenues in Germany declined by 28.6 percent to € 15.7 million due to the special effect from the previous year (Q1/2009: € 22.0 million). Sales revenues in the other countries of Europe, however, were up for the first time in five quarters. The increase amounted to 3.9 percent and generated sales revenues of € 14.5 million (Q1/2009: € 13.9 million). Declining moderately by 0.6 percent, sales revenues in the United States remained largely stable at € 10.0 million (Q1/2009: € 10.1 million). The strongest development was seen by all of the countries in the Asia region, especially Japan. Sales revenues in Asia and the rest of the world rose by 57.4 percent, from € 5.9 million in the first quarter of 2009 to € 9.3 million in 2010. In no region did currency translation effects play a major role. In addition to the recovery in the company’s core business, the sales revenue mix by markets, too, was impacted by the fact that the year-on-year comparison was characterized by the one-time effect. As a result of the sales revenues under a major contract from the solar industry the year before, the Coating segment recorded a 59.9-percent decline in sales revenues to € 7.1 million (2009: € 17.7 million). On the other hand, sales revenues in all other market segments increased significantly. In the Analytical Industry market segment sales revenues rose by 25.1 percent to € 13.8 million (Q1 2009: € 11.1 million). Following its strong growth throughout the entire 2009 fiscal year, the Research & Development segment again advanced in the first quarter of 2010, with sales revenues rising by 28.6 percent to € 11.1 million, by comparison with € 8.6 million the year before. The Industrial market segment also saw encouraging sales revenue growth of 18.9 percent, from € 9.2 million in the first quarter of 2009 to € 10.9 million in 2010. The strongest relative growth was recorded in the Semiconductor segment, where the company benefits from the current boom, with sales revenues rising by 77.8 percent to € 4.4 million (2009: € 2.5 million). In the Chemical and Process Technology segment, sales revenues decreased to € 2.2 million (2009: € 2.9 million) more: pdf download: Pfeiffer Vacuum announces first quarter results Pfeiffer Vacuum Technology AG - www.pfeiffer-vacuum.com Dr. Brigitte Loos, Investor Relations, email: Brigitte.Loos@pfeiffer-vacuum.de, Tel. +49 (0) 6441 802-346, Fax +49 (0) 6441 802-365 NASH Vectra SX: New range of small capacity liquid ring pumps Nuremberg, Germany - April 28, 2010 Gardner Denver Nash launches a new range of small capacity liquid ring vacuum pumps and compressors: The NASH Vectra SX was designed from the ground to meet the widespread needs of the process industry. The combination of five different models as well as two drive arrangements and material makes it an extremely adaptable pump for lower flow rates. The NASH Vectra SX facilitates the delivery of flow rates between 35 and 210 m³/h with 50 Hz motors. Motors in the power range between 0.75 kW and 5.5 kW are available for the 5 sizes manufactured, 60 Hz motors are also available and realize flowrates up to 260 m³/h. A suitable solution is therefore available for every requirement. Reliability: For trouble-free operation, the NASH Vectra SX was designed with optimized internal passages and low operational speeds, which guarantee a long and reliable service life. The noise pressure level produced by the machine is significantly reduced as a result. Efficiency and cost-effectiveness: Compared to other pumps of the same capacity range, the NASH Vectra SX consumes up to 40% less energy and up to 50% less operating fluid. Thanks to the potential energy and water savings, the pumps can pay for themselves within a year. Flexibility of application and drive arrangements: Three versions are available to suit various process requirements: For high vacuum levels up to 33 mbar absolute, for increased water handling (up to 10 times the normal quantity of process fluids) and for compressor operation. Furthermore, two drive arrangements are available: a space-saving monobloc design and an ATEX friendly lantern design. Materials available: In its standard form, the NASH Vectra SX will come with a cast iron body with a stainless steel liner, and a stainless steel impeller and port plate. For more demanding requirements, the complete pump is available in 316 stainless steel. Reliability, efficiency and flexibility make the NASH Vectra SX an outstanding liquid ring pump for low flow rates. download:   NASH Vectra SX: New range of small capacity liquid ring pumps (pdf-Version) About the Company: Gardner Denver Nash is the Nash Division of Gardner Denver, Inc. originating from nash_elmo Industries, the company is the world's leading manufacturer of liquid ring vacuum pumps, compressors and engineered systems. For more than 100 years, Gardner Denver Nash has engineered and produced liquid ring pumps and vacuum and compressor systems for the most demanding applications in a variety of fields and industries. Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH - www.GDnash.com Wolfgang Kraft, Marketing, wolfgang.kraft@gardnerdenver.com, Tel. +49 (0)911 1454-7771, Fax +49 (0)911 1454-7777 Vacuum pump system with remote control and PC control Freiburg, Germany - April 2010 The SC 920 Vacuum pump system from KNF Lab comes equipped with wireless remote control. This feature eliminates the need to set up the system near the process apparatus and provides previously unheard-of flexibility in the laboratory. What's more, the system can now be tucked away inside laboratory furniture or placed underneath a fume hood without the hassle of running cables. A wireless remote controller with intuitive user guidance provides a convenient way to control the Vacuum pump system and monitor ongoing processes. Four operation modes are available: Evacuate, Pressure control, Automatic (the system independently determines the sample's vapor pressure), and Individual pressure function, where pressure is controlled according to the user's custom pressure profile. The user can switch from any of these modes to manual process control at any time. The Vacuum pump system consists of a vacuum pump with electronic control, a suction-side separator, a high-performance con-denser with separator on the pressure side, and a hand terminal for remote control. Software that permits PC-based control over the Vacuum pump system is also included. One interesting feature is the ability to save pressure curves and retrieve them at a later time. The new Vacuum pump system is characterized by short process times, made possible by intelligent pressure control and the pump's patented diaphragm stabilization system. The Vacuum pump system is very quiet in operation and delivers ultimate vacuum of 2 mbar absolute; maximum flow rate is 20 liters per minute. All parts that contact gas are made of chemical-resistant materials. KNF Neuberger GmbH - www.knf.de - Alter Weg 3, 79112 Freiburg, Deutschland Bernd Hein, email: marketing@knf.de, Tel. +49 (0)7664 / 5909-630, Fax +49 (0)7664 / 2124 Award-winning Pfeiffer Vacuum catalog Asslar, Germany - April 2010 Pfeiffer Vacuum takes 1st prize in the 2009 INKA Competition for the best product catalog in the Print category. The catalog’s perfect organization and impressive appendix with selection aids, units of measure and formulas, symbols and index received special praise from the jury. Overall, some 100 catalogs had been entered in the competition. The INKAs 2009 for the best print and online catalogs were awarded on March 17, 2010, in Lindau, Germany. Pfeiffer Vacuum Management Board member Dr. Matthias Wiemer: We offer complete vacuum solutions. This also includes a comprehensive and professional portrayal of our products in the catalog. We are proud of having won this award, and are pleased about the jury’s conclusion that the Pfeiffer Vacuum Catalog is setting new standards. This annual competition rewards companies from Germany, Austria and Switzerland for outstanding technical catalogs in industry and commerce. The competition is conducted by TANNER AG, a service provider whose offerings also include the production of product catalogs. A multi-stage process was employed to assess the catalogs that were entered in the competition. They were first analyzed on the basis of more than 150 individual criteria by a team of experts from TANNER AG. Points were given in the areas of product search, product selection, ordering and design. The Lindau-based Eschbaumer GmbH & Co. printing company was responsible for judging print quality. These assessment criteria are based upon a comprehensive scoring system, which was used to determine the shortlists for those entrants who were nominated for the grand prize. In the next step, those catalogs that made it to this shortlist were submitted to an independent, eleven-person jury for assessment and discussion. Finally, this jury, made up of marketing experts, representatives from the research and teaching communities as well as the printing industry, then determined the grand prize winner and the other INKA 2009 winners. Pfeiffer Vacuum GmbH - www.pfeiffer-vacuum.com Sabine Neubrand-Trylat, Public Relations, email: Sabine.Neubrand@pfeiffer-vacuum.de, Tel. +49 (0)6441 802-169, Fax +49 (0)6441 802-500 NASH vacuum pumps for the PM 7 in Dunaujvaros Nuremberg, Germany - April 7, 2010 Gardner Denver Nash Germany supplied the complete vacuum system for dewatering in the forming and press sections of the new PM7 paper machine in Dunaujvaros. This technology has already proven itself in every other paper machine within the Hamburger Group, with robustness, efficiency and flexibility that guarantee the highest operational reliability. On the new PM7 in Dunaujvaros, nine NASH 2BE3 vacuum pumps are used. Each pump is driven by a motor equipped with a frequency converter, allowing the rotational speed to be set to exactly suit the actual process conditions. This causes the vacuum pressure to adapt to process conditions as well. Additionally, three centrifugal fans for the low-vacuum scavenge points in the forming section have been included. As a result, the vacuum system provides the greatest flexibility at optimum efficiency. For the plant operator, the advantages of a NASH liquid ring vacuum system were obvious: - An extremely robust system: overload safe and resistant to process failures - Very high overall efficiency, particularly in conjunction with optimum control - Optimum felt dewatering through the volumetric operating principle of the liquid ring vacuum pump - the scavenge pressure adjusts automatically to suit the felt permeability - Scavenge-side liquid carry-over with low fiber content is not a problem for the NASH pumps - Rotation speed control offers the potential of high energy savings - Low specific power requirements - Low noise emissions due to low peripheral speeds of the vacuum pump - Future system adaptation, without influencing other scavenge points, is easily done by changing the rotation speed of individual vacuum pumps - High operational safety, even if individual vacuum pumps are deactivated Page - 2 - - Very low service and maintenance costs - Confidence in more than 100 years of know-how accumulated by the market leader in the paper industry With the decision to use NASH vacuum pumps, the plant operator also made a decision for an innovative, environmentally friendly and economical attractive solution. download:   NASH vacuum pumps for the PM 7 in Dunaujvaros (pdf-Version) About the Company: Gardner Denver Nash is the Nash Division of Gardner Denver, Inc. Originating from nash_elmo Industries, the company is the world's leading manufacturer of liquid ring vacuum pumps, compressors and engineered systems. For more than 100 years, Gardner Denver Nash has engineered and produced liquid ring pumps and vacuum and compressor systems for the most demanding applications in a variety of fields and industries. Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH - www.GDnash.com Wolfgang Kraft, Marketing, wolfgang.kraft@gardnerdenver.com, Tel. +49 (0)911 1454-7771, Fax +49 (0)911 1454-7777 Pfeiffer Vacuum 2009 Financial Results Asslar, Germany - March 23, 2010 - Excellent profitability in spite of economic crisis - Proposed dividend: High distribution ratio maintained - Core business well on its way in 2010 As already announced in the form of preliminary results, Pfeiffer Vacuum’s now audited sales revenues totaled € 182.0 million in fiscal 2009. The company’s good, above-average development by comparison with the crisis-plagued industry environment has prompted the Management and Supervisory Boards to propose that the high dividend distribution ratio of previous years, amounting to around 75 percent of consolidated net income, be maintained. This will result in a proposed dividend of € 2.45 per share. Sales revenues in Germany for fiscal 2009 saw only little change from the previous year’s regional sales mix; at € 69.1 million, sales revenues were down by 0.4 percent from € 69.3 million the year before. Sales revenues from a major contract from the solar industry largely compensated for sales declines in the company’s core business stemming from the economic crisis. In the other countries of Europe, sales revenues of € 49.0 million were 16.6 percent lower than in the previous year (2008: € 58.7 million). In a market that was characterized by inconsistencies, sales declines in the Netherlands, first and foremost, as well as unfavorable exchange rates for the pound sterling and the Swedish kroner, outweighed sales growth in individual markets. Below-average overall economic development in the United States – especially weak demand from the semiconductor industry, in particular – led to an 8.6-percent decline in sales, from € 40.8 million in 2008 to € 37.2 million in 2009. Pfeiffer Vacuum posted positive development in China, Korea, Brazil and Argentina. On the other hand, it was not possible to compensate for sales shortfalls in Japan due to the generally weak market environment there. Sales revenues in Asia and the rest of the world thus declined by 8.7 percent overall, from € 29.3 million in 2008 to € 26.7 million in 2009. In terms of the sales mix by markets, the Coating segment saw revenue growth of 4.3 percent, from € 45.4 million in 2008 to € 47.3 million in 2009, stemming from the major contact from the solar industry. Sales revenues in the Analytical market segment declined by 10.7 percent to € 45.1 million (2008: € 50.5 million). In the heterogeneous market segment of Industrial Applications, the tense overall economic situation touched off a 21.7-percent decline in sales revenues, from € 46.5 million in 2008 to € 36.4 million for the year under review. The Research & Development segment, on the other hand recorded sales growth of 10.5 percent to € 34.9 million, by comparison with € 31.6 million the year before. This development was attributable to higher public-sector capital investments in connection with the institution of various international economic stimulus programs. Pfeiffer Vacuum’s significantly lower dependence upon the semiconductor segment by comparison with the competition paid off especially in fiscal 2009. While the company did have to... download the report: Pfeiffer Vacuum 2009 Financial Results Pfeiffer Vacuum weathers the crisis Asslar, Germany, February 23, 2010 - Sales revenues satisfactory in spite of economic environment - EBIT margin remains at high level - Positive trend of new orders Pfeiffer Vacuum announces its preliminary, as-yet unaudited results for the 2009 fiscal year. These numbers show that the company succeeded in largely cushioning the effects of the general economic crisis. While sales revenues did decline by 8.1 percent to € 182.0 million (2008: € 198.1 million), this decrease was very moderate by comparison with the general trend of development in the mechanical engineering industry. At € 37.8 million, operating profit for fiscal 2009 declined by 28.6 percent from the previous year’s level of € 51.5 million. The EBIT margin amounted to 20.8 percent, and thus continues to remain at a high level. These preliminary results for fiscal 2009 are clearly higher than management’s stated worst-case scenario which called for a maximum decrease of between 10 and 15 percent in sales revenues and an EBIT margin in excess of 20 percent. Following a record € 225.3 million in 2008, new orders in fiscal 2009 totaled € 161.2 million, down 28.5 percent year on year. At 0.89 in 2009, the book-tobill ratio, i.e. the ratio between new orders and sales revenues, was weaker by comparison with the previous year’s very good 1.14 – which included a major contract. However, there was a positive trend in quarter-to-quarter development. With new orders of € 43.9 million, the 4th quarter of 2009 was not only the strongest quarter in the past fiscal year, but represents also an improvement on the € 42.6-million level for the same quarter the year before. Orders on hand as at December 31, 2009, totaled € 40.2 million, down by € 20.8 million from € 61.0 million the year before which as well included a major contract. Pfeiffer Vacuum Chief Executive Officer Manfred Bender had this to say about the results: I am very satisfied that our company came through the economic crisis in relatively good shape during the year under review. The sharp decline in year-on-year comparison was attributable to the especially good course of business in 2008. Our order backlog of € 40.2 million at the close of fiscal 2009 is a good metric for us, as our business is being characterized by ever-shorter ordering cycles. We already took this factor into account in restructuring and expanding our manufacturing operations in Asslar. Given the positive trends in new orders and the progress we are making in integrating our new Group company, Trinos Vakuum-Systeme, we view the current fiscal year with confidence. The company will present its detailed, audited profitability numbers, its complete financial statements and its dividend distribution proposal on the day of the financial press conference on March 23, 2010. download: Pfeiffer Vacuum preliminary 2009 results Pfeiffer Vacuum Technology AG - www.pfeiffer-vacuum.com Dr. Brigitte Loos, Investor Relations, email: Brigitte.Loos@pfeiffer-vacuum.de, Tel. +49 (0) 6441 802-346, Fax +49 (0) 6441 802-365 Pfeiffer Vacuum New Duo 125 und Duo 255 rotary vane vacuum pumps Asslar, Germany - Feb. 2010 With the Duo 125 and Duo 255, Pfeiffer Vacuum has brought to market two further two-stage rotary vane pumps. The Duo 125 and Duo 255 are used when industrial or scientific vacuum applications necessitate dependable pumps for high pumping speeds of between 120 and 250 m3/h in the low and medium vacuum ranges. These pumps are suitable for employment in high-vacuum pumping stations in combination with turbopumps or as backing pumps for Roots pumps. Typical low and medium vacuum industrial applications include vacuum drying, metallurgy or coating. The Duo 125 and Duo 255 complement the DuoLine series of rotary vane pumps, which are all characterized by their compact diameters, high pumping speeds and low noise levels. Thanks to the fact that their needle bearings are free of nonferrous metals, these pumps are extremely insensitive to dust, dirt and corrosive gases. The integrated pressure oil lubrication system improves oil circulation and cooling. The pump’s improved cooling makes for long service life. An hydraulic safety valve additionally assures a very high level of operating reliability. Extensive accessories broaden the range of potential applications while additionally increasing operating reliability. Pfeiffer Vacuum GmbH - www.pfeiffer-vacuum.com Sabine Neubrand-Trylat, Public Relations, email: Sabine.Neubrand@pfeiffer-vacuum.de, Tel. +49 (0)6441 802-169, Fax +49 (0)6441 802-500 NASH Vectra XL 750 now offers suction capacities of up to 7,000 m³/h Nuremberg, Germany - Feb. 12, 2010 Gardner Denver Nash has expanded its Vectra model range series of liquid ring vacuum pumps and compressors: The NASH Vectra XL 750 is designed and built for suction capacities of up to 7,000 m³/h and can be used as a vacuum pump as well as a compressor. When operating as a vacuum pump, suction capacities of up to 6,800 m³/h can be achieved and the vacuum range can reach 50 mbar absolute. As a compressor, the NASH Vectra XL 750 handles up to 7,300 m³/h and achieves a discharge pressure of 3 bar absolute. Due to single-point inlet and discharge connections, the need for manifolds is eliminated. This simplifies the layout of the piping to and from the process and reduces installation costs. NASH Vectra XL 750 liquid ring vacuum pumps and compressors combine maximum reliability with flexibility and are available for a wide range of applications, including the chemical process industry and filter applications in paper manufacturing. O-ring seals and oil lubricated bearings are used to meet the most demanding requirements and, as always, Gardner Denver Nash uses state-of-the-art manufacturing procedures to achieve optimum performance and operating efficiency. The NASH Vectra XL 750 is available in ductile iron or stainless steel. ATEX certified NASH Vectra XL vacuum pumps and compressors, complying with guideline 94/9/EG in categories 1 and 2, are available for explosive categories and for the handling of explosive media. Reliability, efficiency and flexibility make the NASH Vectra XL 750 an outstanding liquid ring pump for use in demanding applications. download:   NASH Vectra XL 750 now offers suction capacities of up to 7,000 m³/h (pdf-Version) About the Company: Gardner Denver Nash is the Nash Division of Gardner Denver, Inc. originating from nash_elmo Industries, the company is the world's leading manufacturer of liquid ring vacuum pumps, compressors and engineered systems. For more than 100 years, Gardner Denver Nash has engineered and produced liquid ring pumps and vacuum and compressor systems for the most demanding applications in a variety of fields and industries. Nash - Zweigniederlassung der Gardner Denver Deutschland GmbH - www.GDnash.com Wolfgang Kraft, Marketing, wolfgang.kraft@gardnerdenver.com, Tel. +49 (0)911 1454-7771, Fax +49 (0)911 1454-7777 Gardner Denver, Inc. Reports Fourth Quarter 2009 Financial Results QUINCY, IL, Feb 11, 2010 - Gardner Denver, Inc. (NYSE: GDI) Revenue Growth, Investments in Lean and Profit Improvement Initiatives Result in Sequential Operating Margin, DEPS and Cash Flow Increases Fourth Quarter Highlights: - Diluted Earnings Per Share ("DEPS") were $0.71 for the fourth quarter of 2009, which included expenses for profit improvement initiatives net of a reduction to the impairment charge ($0.06 in aggregate), partially offset by lower tax expenses attributable to cash repatriation efforts ($0.04). - Profit improvement projects remain on schedule, and in some cases were accelerated. - Cash provided by operating activities exceeded $62 million for the fourth quarter of 2009, including more than $12 million as a result of inventory reductions. - Inventory turnover was 5.4 times in the fourth quarter of 2009, compared to 4.8 times in the first quarter of 2009, the first three-month period that included the results of CompAir. - Debt was reduced by $53 million due to net repayments in the fourth quarter of 2009. download the report: Gardner Denver, Inc. Reports Fourth Quarter 2009 Financial Results www.GardnerDenver.com Dr. Michael Buscher appointed as new CEO of Oerlikon Pfäffikon SZ, Feb. 10, 2010 The Board of Directors of Oerlikon Group has appointed Dr. Michael Buscher to take on the position as CEO of the company. It is expected that Dr. Buscher will join Oerlikon in May 2010. Mr. Hans Ziegler will continue in his role as Delegate of the Board until Dr. Buscher is free from his previous contract obligations. The nomination of Dr. Buscher results from a final selection of various well qualified candidates, which were identified in a thorough search process by the Board of Directors beginning immediately after the nomination of Mr. Ziegler as interim CEO. Dr. Buscher (1965, German citizen) holds a Master’s degree and gained a PhD in Electrical Engineering from the Technische Universität Darmstadt, Germany. He has 20 years industrial experience and achieved excellent results in various leading positions. Currently he is responsible as President for the globally operating business unit Propulsion & Controls of Bombardier Transportation and secured sustained profitable growth in a challenging international environment. Dr. Buscher can build on a long and highly successful career within Bombardier and its predecessors which demonstrates his long-term oriented way of working. Since 2003 he lives in Switzerland. Both the Board of Directors and Dr. Buscher have agreed that his involvement with Oerlikon will be of a long-term nature. Mr. Ziegler and Dr. Buscher will be working closely to ensure a smooth transition in the company’s leadership. Dr. Buscher’s appointment is yet another step forward toward securing a stable and sustainable future for Oerlikon and all of its business units. We look forward to working together with him toward this shared goal, comments Vladimir Kuznetsov, Chairman of Oerlikon Group. download the Press Release: Dr. Michael Buscher appointed as new CEO of Oerlikon OC Oerlikon Management AG - www.oerlikon.com - Churerstrasse 120, CH-8808 Pfäffikon SZ, Switzerland Burkhard Böndel, Corporate Communications, pr@oerlikon.com, Tel. +41 58 360 96 02 Graham Corporation Reports Third Quarter of Fiscal 2010 January 29, 2010 Friday, January 29, 2010 - Record orders of $51.6 million in third quarter includes a significant U.S. Navy program order and several geographically dispersed refining orders - Achieved 6% net margin on 51% decline in sales - Cash balance increased to $57.7 million as balance sheet remains strong - Full-year gross margin guidance raised to 34%-36% and revenue guidance tightened to $60-$63 million - Record Backlog of $89.8 million; only 50% expected to convert to sales in next 12 months Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refinery, petrochemical and power industries, today reported its financial position and results of operations for its third quarter and nine months ended December 31, 2009. Graham’s current fiscal year ends March 31, 2010, and is referred to as fiscal 2010. Net sales were $12.2 million in the fiscal 2010 third quarter, a decline of $12.5 million, or 50.7%, compared with net sales of $24.7 million in the third quarter of the fiscal year which ended March 31, 2009, referred to as fiscal 2009. Net income in the fiscal 2010 third quarter was $0.8 million, or $0.08 per diluted share, a decline of 79.8% compared with net income of $3.8 million, or $0.37 per diluted share, in the same period last year. Mr. James R. Lines, Graham’s President and Chief Executive Officer, commented, The drastic fall-off in orders that we experienced a year ago is now resulting in a corresponding measurable decline in sales. Order level was adversely impacted by worldwide economic uncertainty which led to rapid declines in demand. However, the steps we took to control costs over the past year and benefits achieved from productivity improvements stemming from capital spending and continuous improvement projects have enabled us to remain profitable even in a quarter where revenue was extremely weak. Although we have been operating in a dismal economic environment, our team has done an exceptional job of delivering solid results. U.S. sales in the third quarter of fiscal 2010 declined $9.3 million, or 64.6%, to $5.1 million, compared with U.S. sales of $14.4 million in the third quarter of fiscal 2009. International sales during the third quarter were $7.1 million, down from $10.3 million during the same quarter of fiscal 2009. U.S. sales comprised 42% of total sales in the current quarter compared with 58% in last year’s third quarter, while international sales represented 58% of total sales in the third quarter of fiscal 2010 compared with 42% in the fiscal 2009 third quarter. Graham believes that the significant decline in U.S. sales reflects continued weakness in the U.S. refining market, which is expected to continue through at least fiscal 2011. The decline in U.S. sales is expected to result in an overall shift toward a higher proportion of international sales. International sales were off in all major regions with the exception of Africa, which saw a notable increase in third quarter sales. In Graham’s leading industries, 36% of sales in the third quarter were to the refining industry, compared with 46% of sales in the same period of the prior fiscal year, and approximately 44% of sales were to the chemical/petrochemical industry during the third quarter, compared with 27% in the third quarter of fiscal 2009. Fluctuations in Graham’s sales among geographic locations and industries can vary measurably from quarter-to-quarter based on the timing and magnitude of projects. Graham does not believe that such quarter-to-quarter fluctuations are indicative of business trends, which Graham believes are more visible on a trailing 12-month basis. Nevertheless, Graham expects that international sales will comprise a larger portion of future revenue both for the remainder of the current fiscal year and beyond. Solid Operating Margins Reflect Better than Expected Results from Cost Cutting Activities, Tight Cost Controls, Productivity Improvements and Delayed Spending Gross profit was $3.8 million, or 31.4% of sales, in the third quarter of fiscal 2010, compared with $9.4 million, or 37.9% of sales, in the same period of the prior fiscal year. A higher proportion of sales in Asia (which typically carry a lower gross margin), the fact that Graham has substantially worked through its backlog of more profitable orders received during the previous strong industry cycle and the deleveraging effect of lower sales volume resulted in lower gross profit margin in the current quarter compared with the prior year’s period. However better than expected results from cost reduction activities and gains from productivity improvements enabled Graham to sustain relatively solid margin performance in a challenging market. Graham has increased its projected gross margin for the full fiscal year 2010 to be in the range of 34% to 36%. Mr. Lines noted, Our gross margin has been pressured by the shift in sales to Asia, where projects have historically been more price competitive than value driven. However, we believe that we are beginning to see the Graham value proposition taking hold, with our engineering expertise as its foundation, and expect that we will continue to be able to achieve acceptable future margins even as a higher percentage of sales are expected to originate in that region. Selling, general and administrative (SG&A) expenses in the third quarter declined to $2.7 million, or 22.3% of sales, compared with $3.6 million, or 14.4% of sales, in the third quarter of fiscal 2009. The decrease in SG&A expenses in the current year’s third quarter compared with the same quarter of fiscal 2009 was a result of decreased variable costs, such as commissions, related to the decline in sales, as well as to lower salaries and benefits resulting from the restructuring initiatives implemented during the last 12 months. In addition, tight cost controls and delayed spending on certain items further lowered expenses in the third quarter. Full year fiscal 2010 SG&A is expected to be approximately $12.0 million. Interest income in the third quarter of fiscal 2010 declined to $11 thousand compared with $83 thousand in the same period of the prior fiscal year, primarily as a result of a significant decline in current U.S. Treasury yields compared with a year ago. Graham’s effective tax rate was 31.4% in the third quarter of fiscal 2010 compared with an effective tax rate of 35.5% for the third quarter of fiscal 2009 and 34.7% for full year fiscal 2009. For the current fiscal year’s nine-month period, Graham’s effective tax rate was 35.2% compared with 34.3% in the fiscal 2009 nine-month period. The effective tax rate for fiscal 2010 is expected to be 30% to 31%, excluding a $0.4 million charge in Graham’s fiscal 2010 second quarter related to unrecognized benefits for certain tax credits claimed for tax years 2006 through 2009. Fiscal 2010 Nine-Month Review Net sales for the first nine months of fiscal 2010 were $48.4 million, a decline of $27.9 million, or 36.5%, compared with net sales of $76.3 million in the first nine months of fiscal 2009. U.S. sales represented 48% of sales for the first nine months of fiscal 2010, compared with 63% in fiscal 2009, while international sales were 52% of sales during the period, compared with 37% last year. Sales to Asia and Africa increased appreciably while sales to other regions declined. Sales to the refining industry accounted for 43% of revenue in the first nine months of fiscal 2010, down from 48% in same period of fiscal 2009. Chemical/petrochemical sales were 32% of revenue, compared with 24% last year, and 25% of fiscal 2010 nine-month sales were to other markets, compared with 28% in the same period in fiscal 2009. Gross profit for the fiscal 2010 nine-month period was $18.0 million, or 37.1% of sales compared with $32.1 million, or 42.1% of sales in the prior year period. The decline was primarily related to lower sales somewhat offset by cost reduction activities, purchasing discipline and improvements in operating efficiencies achieved as part of Graham’s continuous improvement program. As previously noted, Graham has increased its projected gross margin for the full year fiscal year 2010 to be in the range of 34% to 36%. SG&A expenses were $9.0 million, or 18.6% of sales, in the fiscal 2010 nine-month period compared with $11.3 million, or 14.8% of sales, in the first nine months of fiscal 2009. The decrease in absolute dollars was due primarily to reduced commissions on lower sales as well as to the effects of Graham’s restructuring initiatives. As previously noted, Graham expects that SG&A will be in the range of $12.0 to $12.3 million for full year fiscal 2010 as variable costs such as commissions are expected to adjust based on the geographic location of sales. Net income in the first nine months of fiscal 2010 was $5.8 million, or $0.58 per diluted share, compared with net income of $13.9 million, or $1.36 per diluted share, in the nine-month period of 2009. Excluding the $0.4 million charge in the fiscal 2010 second quarter related to unrecognized benefits for tax credits, net income would have been $6.2 million, or $0.63 per diluted share, in the first nine months of fiscal 2010. Strong Balance Sheet with Significant Cash Position Cash, cash equivalents and investments at December 31, 2009 were $57.7 million compared with $45.4 million at December 31, 2008, and $46.2 million at March 31, 2009. The increase resulted from operating earnings and improvements in accounts receivable and inventory levels. Approximately $51.1 million was invested in U.S. Treasury notes with maturity periods of 91 to 180 days at December 31, 2009. As of December 31, 2009, Graham had no borrowings against its $30.0 million revolving line of credit facility. Net cash provided by operating activities for the third quarter of fiscal 2010 was $3.4 million, compared with $3.0 million in the prior year’s third quarter. For the first nine months of fiscal 2010, cash provided by operations was $12.7 million compared with $7.4 million in cash provided by operations in the comparable fiscal 2009 period. The increase for both the quarter and nine-month periods was related to a reduction in inventory and to lower levels of accounts receivable. In addition, the fiscal 2009 nine-month period was impacted by a $3.6 million pension contribution made during last year’s second quarter. Graham’s pension plan is fully-funded and no contributions to the plan are expected to be made during fiscal 2010. Capital expenditures were $220 thousand in the third quarter and $502 thousand for the first nine months of fiscal 2010, compared with $398 thousand for the third quarter and $1.2 million for the first nine months of fiscal 2009. Capital expenditures in fiscal 2010 are expected to be approximately $0.8 million to $1.0 million. Approximately 65% of capital spending is for machinery and equipment, approximately 28% is for information technology while approximately 7% is for other anticipated expenditures. Approximately 50% of Graham’s planned capital expenditures for fiscal 2010 are associated with productivity improvements and the balance for capitalized maintenance and other general purposes. There were no repurchases of shares in the third quarter under Graham’s previously announced stock buyback program. Record Backlog Extends into Fiscal 2012 Orders during the third quarter of fiscal 2010 were a record $51.6 million compared with orders of $8.1 million and $29.6 million in the prior year’s third quarter and the trailing second quarter of fiscal 2010, respectively. Included in orders in the fiscal 2010 third quarter was an order in excess of $25 million related to the U.S. Navy’s latest super carrier program as well as several larger orders destined for refineries in the U.S., Middle East and China. Orders from U.S. customers were $37.0 million, or 72% of total orders, while international orders were $14.6 million, or 28% of total orders. This compares with last year’s third quarter when U.S. orders were $5.0 million and international orders were $3.1 million, or 62% and 38% of total orders, respectively. The order for the U.S. Navy carrier program significantly skewed the order balance toward a more domestic representation in the third quarter and Graham expects orders in future quarters to return to a higher international weighting which has been the trend in recent quarters. Graham’s backlog was $89.8 million at December 31, 2009, the highest backlog in its history and 71.0% higher than $52.5 million at the end of last year’s fiscal third quarter and 77.8% above backlog of $50.5 million at September 30, 2009. At December 31, 2009, there were four orders in backlog with a value of approximately $7.0 million which remained on hold. There were no orders put on hold or canceled during the third quarter of fiscal 2010. Approximately 40% of projects in Graham’s backlog as of the end of the third quarter are for refinery projects, 20% for chemical and petrochemical projects and 40% for power and other markets compared with 45%, 33% and 22%, respectively, at December 31, 2008. Included in backlog are several large orders, including the order related to the U.S. Navy’s carrier program, that are not expected to begin to be delivered until fiscal 2012 and beyond. Consequently, Graham expects only about 50% of its current backlog to ship in the next twelve months, as opposed to the typical 85% to 90% of backlog that would normally ship in a twelve-month period, because several large orders in backlog have delivery dates beyond the next twelve months. Mr. Lines concluded, “We were successful at winning several significant contracts during the quarter and our backlog now stands at a record level. We are cautiously optimistic that the recent increase in order activity may signal an end to the slowdown we have seen in our international markets during the past 15 months. However, we still expect some lumpiness in order activity over the next few quarters as the U.S. refining market is expected to remain slow for the foreseeable future. We anticipate fiscal 2010 revenue to range between $60 and $63 million and expect to be profitable in the fourth quarter. Looking forward to fiscal 2011, we do not anticipate revenue to begin to grow again until the second half of the year as we will continue to be impacted by the low level of orders we saw during the past year as well as the lengthened delivery dates on some of our more recent orders. However, we do expect to be profitable in each of the first two quarters of fiscal 2011. www.graham-mfg.com Ferrotec Acquires the Temescal Division of Edwards Vacuum Livermore, CA, USA - Jan. 19, 2010 Ferrotec (USA) Corporation, a global supplier of materials, components, and precision system solutions, today announced that it has purchased the Temescal Division of Edwards Vacuum, Inc. Temescal, originally founded in 1952, is the leading manufacturer of electron beam-based evaporative coating systems with the largest install base of metallization tools addressing a broad range of materials used in the compound semiconductor industry. Key applications for compound semiconductor include cellular, satellite/cable TV, specialized opto-electronics, as well as the fast growing full-spectrum LED and solid-state lighting. “As Ferrotec continues to expand support for evaporative coating markets, we expect this acquisition to have strategic and synergistic importance, said Eiji Miyanaga, president of Ferrotec (USA) Corporation. “By combining Temescal’s deposition process and system engineering expertise with our complementary technology portfolio and our strong global position in the semiconductor industry, we intend to bring an enhanced product offering and play an increased role in the rapidly growing compound semiconductor market. More information about Temescal products and the transition can be found at www.temescal.net. Edwards to close manufacturing operations in UK Jan. 17, 2010 According to the Financial Times, and quoting CEO, Nigel Hunton, vacuum pump specialist Edwards is to shift its hi-technology manufacturing to a plant in South Korea and its chemical and pharmaceutical technologies to the Czech Republic. However, R&D will continue at its plant in Shoreham, UK. According to the report, 220 jobs will be lost in the UK due to the transfer of production. www.edwardsvacuum.com Produkte von Hick Hargreaves in Portfolio von Edwards aufgenommen Crawley, UK - Jan. 5, 2010 Following its acquisition of the well-known Bolton, UK based engineering company Hick Hargreaves & Co Ltd in 2001, leading vacuum technology business Edwards has integrated the Hick Hargreaves range of steam ejector systems, water injection deaerators and high pressure feed heaters into its product portfolio. The well proven products, which are widely used in the petrochemical, oil production and power generation industries worldwide, are now available through Edwards’ Bolton, UK office. All aspects of sales, engineering, contract management and procurement activities relating to these products are undertaken by a dedicated process vacuum team, which maintains a large core of Hick Hargreaves staff and is independently ISO 9000 accredited in its own right. Ejector systems Hick Hargreaves has been instrumental in the development of steam ejector systems since their introduction in the early 20th century. Today’s complex and highly sophisticated systems are designed and validated using data accumulated from the Hick Hargreaves steam test bed and from extensive site tests on operational units. Steam ejector systems are used in a wide range of industrial applications, including refinery vacuum systems, vacuum distillation units, flash evaporation for seawater desalination, turbine condenser air extraction, edible oil processing, polymerisation, crystallisation and evaporative cooling. Each Hick Hargreaves ejector system is individually designed to suit the customer’s specific requirements. Proprietary heat transfer software has also been developed through research programmes with leading UK universities and operating results from commissioning work and from plant operators. This is used to model the condensation processes within the condensers, which may include complex hydrocarbon and water vapour mixtures in association with non-condensable gases. As a result, the Hick Hargreaves ejector systems can be designed to maximize condenser efficiency and hence ensure size and operating costs are kept to a minimum. Water injection deaerators Edwards also provides the complete range of Hick Hargreaves deaeration equipment, including seawater deaeration packages for use in water injection systems. Designs include conventional packed column vacuum deaerators and the unique spray packed vacuum deaerator, which uses patented spray distributor technology in conjunction with high mass transfer efficiency packed beds to reduce column height and weight and increase efficiency on floating installations such as FPSOs (floating production, storage and offloading vessels) and semi-submersibles. Hick Hargreaves vacuum deaeration packages have been widely used upstream of sulphate removal packages, an application which requires a deaerator design capable of operating successfully without any requirement for antifoam dosing. Proven designs of inert gas stripping, steam stripping and trace gas assisted deaerators are also available and can be used in applications where a Hick Hargreaves vacuum deaerator may not be the optimum choice. There are over 160 Hick Hargreaves water injection deaerator units in operation throughout the world, with many units having been in continuous service for more than twenty five years. The company’s reference list includes most leading oil companies. Feedwater heaters Hick Hargreaves high pressure feedwater heaters have been used in central power generating stations around the world for over seventy years. They use back face welded tube to tubesheet joints, which enable each critical joint to be fully radiographed during manufacture of the heater to ensure longevity once installed. The flows within the heater and the condensate collection are carefully arranged to maximize the efficiencies of the desuperheating, condensing and drains cooling sections “Hick Hargreaves products have proved themselves in applications worldwide over almost 100 years, and we are delighted that these have been included in the Edwards portfolio, said Peter Raynerd, Business Manager – Process Vacuum at Edwards. “We encourage engineering contractors to contact us to discuss their specific requirements, and our experienced team will be happy to provide a design tailored to their needs. Edwards Ltd - www.edwardsvacuum.com Unit "A", Lostock Office Park, Lynstock Way, Bolton, BL6 4SG, Großbritannien Peter Raynerd, peter.raynerd@edwardsvacuum.com, Tel. +44 1204 664954

news     neu     actu Your Press Release Are you lauching a new product ? Did your company built a new plant ? delivered an important piece of equipment? agreed to a distribution agreement ? Publish your article, post your news release, email now to: info@vacuum-guide.com Your Diary    conferences,    meetings,    exhibitions Projets Career    job search,    offers,