WHITE PLAINS, N.Y., September 6, 2011 — ITT Corporation (NYSE: ITT) announced today that it has completed its acquisition of YSI Incorporated, forming a water-focused analytics business with annual revenue of approximately $300 million. YSI is a leading developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water monitoring, with facilities in the U.S., Europe and Asia.
"YSI’s product offering complements our existing water portfolio and enables us to better serve our global customers and build on our commitment to solve challenges that our customers face across the water industry,” said Gretchen McClain, president of ITT's Fluid and Motion Control business, and future chief executive officer of Xylem, the new standalone water company separating in a tax-free spinoff from ITT later this year.
“YSI’s expertise in field and outdoor, environmental applications strongly enhances and broadens our analytical instrumentation platform,” said Chris McIntire, president of ITT’s Analytics business area.
YSI, with a legacy of invention and innovation, was founded in 1948, and reported 2010 global revenues of $101 million. Since 1990, YSI has demonstrated a commitment to its core values and good corporate citizenship through the YSI Foundation.
ITT Analytics is a leading manufacturer of premium field, portable, laboratory and online ¬analytical instruments used in water and wastewater, environmental, medical, and food and ¬beverage applications. The company’s meters, sensors, analyzers and related consumables are used every day by thousands of end-users worldwide to analyze and control quality in countless industrial ¬applications where precise measurement is required. ITT Analytics’ products are sold under the globally recognized brands WTW, SI Analytics, OI Analytical, Royce Technologies, Aanderaa Data Instruments (AADI), Global Water Instrumentation, ebro and ¬Bellingham & Stanley. www.ittanalytics.com
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2010 revenue of $11 billion. www.itt.com
Wednesday, 7 September 2011
Thermo Fisher Scientific Opens New Biomarker Translational Center
GENEVA, Switzerland (September 6, 2011) - Thermo Fisher Scientific Inc., the world leader in serving science, today announced at the Human Proteome Organization (HUPO) 2011 World Congress the establishment of a new Biomarker Translational Center (BT Center). The purpose of the BT Center is to accelerate mass spectrometry (MS)-based biomarker discovery research and its translation into the development of routine clinical assays for subsequent commercialization. Based in Cambridge, Mass., the BT Center combines advanced expertise from across Thermo Fisher including its B·R·A·H·M·S product line and the team at the Biomarkers Research Initiatives in Mass Spectrometry (BRIMS) Center.
“Through the vertical integration with the unique talent in MS-based biomarker discovery and high-throughput quantitative assay development at BRIMS, we aim to expand our pipeline of new protein and peptide biomarkers with potential as clinical assays,” said Bruno Darbouret, director of research and development for B·R·A·H·M·S Biomarkers at Thermo Fisher. “Ultimately, this development effort will speed the commercialization of diagnostic tests that address life threatening diseases.”
“Through the vertical integration with the unique talent in MS-based biomarker discovery and high-throughput quantitative assay development at BRIMS, we aim to expand our pipeline of new protein and peptide biomarkers with potential as clinical assays,” said Bruno Darbouret, director of research and development for B·R·A·H·M·S Biomarkers at Thermo Fisher. “Ultimately, this development effort will speed the commercialization of diagnostic tests that address life threatening diseases.”
Tuesday, 6 September 2011
Thermo Fisher Scientific Scientist Dr. Alexander Makarov Receives Inaugural HUPO Science and Technology Award
GENEVA, Switzerland (September 5, 2011) – Thermo Fisher Scientific Inc., the world leader in serving science, today announced that Dr. Alexander Makarov, its director of global research for life sciences mass spectrometry, has received the first HUPO Science and Technology Award from the Human Proteome Organization (HUPO). The award, which honors Dr. Makarov’s principal role in developing the Orbitrap mass analyzer, will be presented on September 7 at the HUPO 2011 10th World Congress in Geneva, Switzerland.
Dr. Makarov, who has authored more than 40 papers and holds more than 40 patents worldwide, first presented the Orbitrap mass analyzer in a paper published in 2000. The Thermo Scientific LTQ Orbitrap hybrid mass spectrometer, introduced in 2005, was the first commercial mass spectrometer to be based on this new type of mass analyzer. Orbitrap-based mass spectrometers offer performance that was previously only available from larger, more expensive, difficult-to-operate and less reliable Fourier Transform Ion Cyclotron Resonance (FT-ICR) mass spectrometers, enabling more widespread use of ultra-high resolution and high mass accuracy instrumentation.
Dr. Makarov, who has authored more than 40 papers and holds more than 40 patents worldwide, first presented the Orbitrap mass analyzer in a paper published in 2000. The Thermo Scientific LTQ Orbitrap hybrid mass spectrometer, introduced in 2005, was the first commercial mass spectrometer to be based on this new type of mass analyzer. Orbitrap-based mass spectrometers offer performance that was previously only available from larger, more expensive, difficult-to-operate and less reliable Fourier Transform Ion Cyclotron Resonance (FT-ICR) mass spectrometers, enabling more widespread use of ultra-high resolution and high mass accuracy instrumentation.
Friday, 2 September 2011
Wave Goodbye to Water Woes in the Garden and Home with the New AquaCharge Cordless Water Pump
GLOUCESTER, MA – 01 September, 2011 – From routine garden pond and aquarium draining to clogged sinks, the Rule Innovation AquaCharge is the water-pumping solution for the job. The launch of this product brings to the market a portable and rechargeable water pump that provides an instant solution for household use. The AquaCharge pump also has the unique ability of evading salt water corrosion, providing the capability to pump salt water in addition to fresh water.
Cheshire-based Scott Brothers Ltd Celebrates Substantial Business Growth and Record Sales in the Retail Market
(2 September, 2011) Scott Brothers Ltd., the specialist distributor of storage products for the home, today announced that the company has experienced increasing success, growing by over 130% in the last two years. June 2011 has proven to be the most successful month in Scott Brothers’ history as the company expands its product range to become a ‘one stop shop’, accommodating the storage needs of every home. This achievement is testament to the hardworking and dedicated team within Scott Brothers and the company’s commitment to invest in and retain the best employees in the industry. This was recently recognised by the achievement of an Investors in People (IIP) award, which places Scott Brothers among the top UK companies, with only a small proportion achieving this award on the first attempt.
Wyatt Technology’s Calypso GC-MALS System Provides Fast and Accurate Measurements of Biomolecular Interactions
(SANTA BARBARA, CALIFORNIA - September 02 2011) - Wyatt Technology Corporation, the world leader in absolute macromolecular characterization instrumentation and software, today announced that its Calypso Composition-Gradient Multi-Angle Light Scattering (CG-MALS) system achieves accurate measurements of biomolecular interactions. The Calypso offers the unique capability of determining both the affinity and binding stoichiometry for macromolecules in solution with no need for immobilization or tagging, which may influence the interaction. This is demonstrated in a new application note, titled “Measuring Antibody-Antigen Interactions with the Calypso”, which is available to download free-of-charge via http://www.wyatt.com/files/literature/Calypso-Measuring_Antibody-Antigen_Interactions.pdf
Green Up Your Act with the New Solar Powered RainPerfect™ Water Pump
(Gloucester, MA) 01 September, 2011 - It has now never been easier to go green, with the launch of the solar powered RainPerfect™ pump from Rule Innovation, a brand from ITT Flow Control. Designed to help everyday consumers live a more environmentally conscious lifestyle, the pump enables users to more conveniently recycle rain by generating sufficient pressure to run their hose or sprinkler from their water butt. Providing added green efficiency, the water pump is powered by a unique solar panel.
“Water usage increases in the average suburban home during the summer by 30 percent from garden watering’, Jeff Schopperle, Product Manager at ITT explains. “Water harvesting provides an alternative to using water supplied from utility companies and the RainPerfect pump provides the perfect solution to make water harvesting more accessible. The pump enables people to optimize their usage of available natural resources in an easy and accessible way.”
As public awareness of the need to live environmentally conscious lifestyles increases, more people are now investing in water butts to conserve and reuse natural resources. Using the water pressure generated by the RainPerfect pump and solar panel, individuals can now recycle the rain water collected in their barrel and use it through an everyday garden hose. Providing pumping pressure of up to 0.9 bar, the pump can be used to run low pressure garden sprinklers, wash a car and water anything else around the garden.
Environmentally friendly on a second front, the RainPerfect pump is powered by a solar panel, meaning there is no need for an electrical outlet. As energy costs continue to rise, the RainPerfect pump is not only environmentally efficient but economical. The ability to use the pump without a power cable also ensures it is easy to install and use.
RainPerfect’s features include:
- Usage of a rechargeable NiMH battery, powered by the included solar panel
- Easy and quick top-mount installation, adaptable to most rain barrel styles
- Standardised garden fixturing, ensuring compatibility with all major hose brands
- Pumping up to 83 UK
RainPerfect is available online and through select retailers nationwide. RainPerfect retails for approximately £88.22 in the UK and €101.39 in Germany and France
In January 2011, ITT announced its intent to separate the corporation into three standalone publicly traded companies by the end of 2011. ITT’s water-related businesses will form a new standalone water company to be called Xylem Inc. Xylem is the Greek word for the tissue that moves water in plants. Following the spinoff, the company will retain its industry leading product brands such as Flygt, Goulds Water Technology, WEDECO, WTW, Flojet, Bell & Gossett, Lowara and many others.
About ITT Flow Control
With an innovative history spanning over 65 years, Gloucester, Massachusetts based Flow Control is a leading producer of pumps, valves, membranes, and related products for the marine, beverage, general industrial, and developing region markets. The Flow Control portfolio includes the brands Rule Innovation, Alcon, Flojet, Jabsco, Midland-ACS, Rule, and PCI. For more information on ITT Flow Control and an archive of its press releases, please visit http://www.ittflowcontrol.com/.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains , N.Y.
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