SCHEDULE 14A INFORMATION
Proxy Statement Pursuant To Section 14(a) Of
The Securities Exchange Act Of 1934
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SPX Corporation
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SPX Corporation issued the following press release on February 1, 2005.
Contact: Jeremy W. Smeltser (Investors) [GRAPHIC OMITTED: SPX LOGO]
704-752-4478
E-mail: investor@spx.com
Tina Betlejewski (Media)
704-752-4454
E-mail: spx@spx.com
SPX FILTRAN AWARDED $50 MILLION OF NEW BUSINESS
CHARLOTTE, NC - February 1, 2005 - SPX Corporation (NYSE: SPW) today
announced that its Filtran business has been selected to supply filtration
products expected to result in over $50 million of new business through
2010. Filtran will supply a combination of sump side and pressure side
proprietary filter products for seven new automatic transmission programs
for automotive original equipment manufacturers in the United States,
Mexico, Japan, Korea, China and Europe. Shipments will begin in 2005.
"Our ability to supply customers with a complete line of transmission
filters, including sump and pressure filters, and in-line screens, uniquely
qualifies us to ensure that they achieve the transmission oil cleanliness
level required for long transmission life," said Tom Blashill, President of
SPX Filtran. "Our technology, combined with our expanding manufacturing
base in China, has opened up new supply opportunities to complement our
established positions in Europe, North America and Japan. We are pleased
that our advanced filtration solutions are so well accepted around the
world."
The advent of new types of transmissions, such as continuously
variable transmission (CVT), dual clutch transmissions (DCT) and automated
manual transmissions (AMT) has increased the use of automatic transmissions
worldwide. The new transmission types demand much cleaner oil for smooth
operations and thus require a much higher degree of filtration. Filtran's
technology leadership is centered on providing complete filtration
solutions that attain the oil cleanliness level required by customers.
Filtran is a global leader in the design and manufacture of
transmission filters and products that allow today's automobiles to achieve
the clean fluid requirements. Filtran also supplies transmission repair
kits and industrial filtration solutions.
SPX Corporation is a global provider of technical products and
systems, industrial products and services, flow technology, cooling
technologies and services, and service solutions. The Internet address for
SPX Corporation's home page is www.spx.com.
Certain statements in this press release 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 words "believe," "expect," "anticipate," "estimate,"
"guidance," "target" and similar expressions 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.
SPX Corporation shareholders are strongly advised to read the proxy
statement relating to SPX Corporation's 2005 annual meeting of shareholders
when it becomes available, as it will contain important information.
Shareholders will be able to obtain this proxy statement, any amendments or
supplements to the proxy statement and any other documents filed by SPX
Corporation with the Securities and Exchange Commission for free at the
Internet website maintained by the Securities and Exchange Commission at
www.sec.gov. In addition, SPX Corporation will mail the proxy statement to
each shareholder of record on the record date to be established for the
shareholders' meeting. Copies of the proxy statement and any amendments and
supplements to the proxy statement will also be available for free at SPX
Corporation's Internet website at www.spx.com or by writing to Investor
Relations, SPX Corporation, 13515 Ballantyne Corporate Place, Charlotte,
North Carolina 28277, telephone (704) 752-4400.
SPX Corporation, its executive officers and directors may be deemed to
be participants in the solicitation of proxies for SPX Corporation's 2005
annual meeting of shareholders. Information regarding these participants is
contained in a filing under Rule 14a-12 filed by SPX Corporation with the
Securities and Exchange Commission on January 13, 2005.
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