ITT Residential & Commercial Water Business Becomes Leading Fluid Technology Provider

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ITT Residential & Commercial Water (R&CW) announced during a press conference on March 7, 2007 that a recently formed $1 billion business has been created by ITT Corporation to be a leading global manufacturer and marketer of water and wastewater products serving the residential and commercial markets.

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Many of our individual brands are long-time leaders in their respective product segments but now we are the leading single resource across many markets.

ITT Residential & Commercial Water (R&CW) announced during a press conference on March 7, 2007 that a recently formed $1 billion business has been created by ITT Corporation to be a leading global manufacturer and marketer of water and wastewater products serving the residential and commercial markets.

Combining such well know brands as Lowara, Vogel, Goulds, Bell & Gossett, A-C Fire Pump, and many others, ITT R&CW manufactures and markets water and wastewater pumps, valves, heat exchangers, controls, and package solutions for single and multi-family homes, commercial buildings of all types, as well as a variety of other commercial market applications. With eight major manufacturing plants, and dozens of service and distribution centers and offices throughout the world, ITT R&CW is a global leader in pumping applications for the residential and commercial markets.     

"ITT R&CW was created by combining select ITT Corporation businesses to provide users of water and wastewater products worldwide with better and more efficient solutions to their needs," emphasized Gretchen McClain, President of R&CW. "Working together with other ITT Fluid Technology businesses we can now offer a single-source solution to our customers water and wastewater needs."

As an example, McClain said ITT R&CW could provide all the pumps, controls, heat exchangers, valves and HVAC Package solutions for commercial and residential buildings. This includes water and wastewater, heating/air conditioning, fire protection and much more.

In addition, R&CW can provide water pump and heat exchanger needs for many industrial applications, and provide complete water pumping needs for irrigation (agriculture and turf). Most end users in many market segments would normally have to source these products from several different suppliers.

Headquartered in Morton Grove, Illinois USA, ITT R&CW does business in more than 60 countries on all continents. ITT R&CW is part of ITT Fluid Technology, which includes the Flygt, Advanced Water Treatment, and Industrial & BioPharm Groups. In addition to Flygt, these businesses boast such well-known brands as Goulds, Sanitaire, WEDECO, Leopold, Aquious, Pure Flo and many others.

"We are very excited about the opportunity to provide our global customers with such an expanded range of products and solutions," McClain summarized. "Many of our individual brands are long-time leaders in their respective product segments but now we are the leading single resource across many markets."

About ITT R&CW
ITT Residential & Commercial Water is a leading, global manufacturer of water and wastewater pumps, valves, heat exchangers, controls, and package solutions for homes, building and agriculture/irrigation. Headquartered in Morton Grove, Illinois, the group had sales exceeding US$1 billion in 2006 and is part of ITT's Fluid Technology business.

ITT Corporation (http://www.itt.com) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electronic components market with a wide range of products. Headquartered in White Plains, NY, the company had close to $8.0 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the NYSE Arca, Paris, London and Frankfurt exchanges.

For more information contact ITT R&CW at 8200 N. Austin Avenue, Morton Grove, IL 60053; phone 847/966-3700; fax 847/966-9052.

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Bob Rathke
ITT
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