Colfax Launches Application-Based Web Site to Provide Fluid-Handling Knowledge to Oil & Gas Industry
RICHMOND, VA - March 1, 2010 - Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, has launched an application-based, educational Web site with detailed information on the use of fluid-handling technologies tailored specifically for the unique requirements of the oil & gas industry.
The site - named Global Oil & Gas Center of Excellence, at www.colfaxcorp.com/oilandgas - contains articles, case studies, glossaries, photos of installations and fact sheets. Colfax will update it on a regular basis with useful tools and additional applications to continue to enrich its value to the user.
"The application focus is what sets this site apart from others," said Dennis Hanson, vice president of global oil & gas market development for Colfax. "It speaks the language of oil & gas professionals as it addresses the challenges of conveying fluids, which is one of the most common requirements of their work. Our staff has significant experience in the business, and we created the Web site as a way to share our knowledge and answer questions."
Mike Moore, director of global oil & gas marketing for Colfax, is in charge of the Web site and speaks at pump technology meetings across the globe. "People are surprised about the current capabilities of our rotary positive displacement pumps from a flow and pressure standpoint, and the overall efficiencies of our products are a real eye-opener when they see the potential operational cost savings," he said. "We worked hard on the content to make sure we are providing information that describes all the variables that affect fluid transfer. Visitors to the site will learn how customized solutions can meet their specific set of needs."
The site contains sections covering pumping applications in the production, transportation, storage and refining segments of the oil & gas industry. Each section is further divided into subsections with information on how to address fluid-handling challenges in key applications, and their content explores issues industry professionals often contend with, such as contaminants in crude oil, free gas, varying water cuts and temperature alterations necessary for managing process fluid viscosity.
Moore said he encourages visitors to share their feedback about the site. "We want it to be as useful as possible, and if there's a fluid-handling issue people would like to see explored more fully, I encourage them to let us know."
With nearly 20 years of experience in the pump industry, Moore holds leadership positions in professional organizations and writes about pump topics. He is task-force secretary for the American Petroleum Institute's API Standard 676 for rotary positive displacement pumps, is a member of the International Pump Users Symposium advisory committee and contributes articles to trade publications.
ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, defense and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at www.colfaxcorp.com.
ABOUT COLFAX OIL & GAS SOLUTIONS - Colfax has served virtually every oil company throughout the world over the past 90 years, bringing particular critical expertise to crude oil transport in production facility, pipeline, tank farm and refinery applications, and surrounding customers with design, engineering, manufacture, installation, testing and technical-support services. The Colfax portfolio of pumping technologies delivers unsurpassed reliability, as well as operational and energy efficiencies, environmental responsibility and cost savings over the life cycle of the pump.
CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption "Risk Factors". In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.
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