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SPX Awarded Contract to Provide Indirect Dry Cooling Tower System for Chinese Power Plant

CHARLOTTE, N.C. July 19, 2011 $17 million

Hebei Province Eastern China

Designed for large power plants located in areas that are arid or subject to restricted water usage, this indirect dry cooling tower system features SPX’s patent-pending Mega Delta technology. This technology utilizes a traditional steam surface or jet condenser, a circulating water system and fin tube bundles to dissipate the waste heat using the natural draft created by the concrete cooling towers.

While a two-unit project traditionally requires two housing towers, SPX will design the Wu’an power plant’s dual-tower IDCT system for installation in a single tower.  Using a single tower instead of two for the dry cooling system will reduce tower construction costs and require a smaller plot of land to be used at the plant site.  

Drew Ladau

China

China

SPX Thermal Equipment and Services is a leading global provider of evaporative and hybrid cooling towers and solutions, air-cooled condensers, heat exchangers, air and flue gas systems and filter systems. These technologies support thousands of customers in the power generation, industrial, refrigeration, and heating, ventilation and air conditioning (HVAC) markets.

About SPX

Charlotte, North Carolina $5 billion http://www.spx.com/

Certain statements in this press release including any statements relating to fulfillment of the terms of the referenced contracts, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word "expect," "believe" and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

SOURCE SPX Corporation

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