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| Hersey Meters becomes part of Mueller Systems | 01.12.10 |
CHANGE REFLECTS OFFERING OF ADVANCED METER INFRASTRUCTURE (AMI) SOLUTIONS FOR UTILITIES
Cleveland, NC – Mueller Water Products, Inc. (NYSE: MWA) announced today that it is integrating its Hersey Meters business with its Mueller Systems division, reflecting the breadth of innovative system solutions for advanced meter infrastructure the Company now offers.
The combined entity will be known as Mueller Systems, while Hersey® will remain the Company’s brand for water meters. Hersey Meters has been part of Mueller Co., one of Mueller Water Products’ three operating units, since 1988 and has been in existence since 1859.
“We are committed to providing our customers with the infrastructure technology needed to optimize their operations,” said Greg Rogowski, president of Mueller Co. “Integrating Hersey Meters into Mueller Systems will facilitate seamless operation with Mi.Net™ Mueller Infrastructure Network, our Advanced Meter Infrastructure (AMI) solution.”
Mueller Systems builds on Mueller Co.’s 150-year heritage in providing innovative water infrastructure products and services and offers technologically advanced metering systems for electric, gas and water systems.
“Consolidating our entire metering efforts will allow us to implement a unified strategy to help municipalities better manage their resources,” said Hassan Ali, Vice President and General Manager of Mueller Systems. “For more than 150 years, municipalities have relied on Mueller Water Products to lead the industry, and that tradition continues with Mueller Systems.”
Mueller Water Products, through Hersey Meters, was a pioneer in Automated Meter Reading (AMR) technology, which allows utilities to automatically collect data from water or energy meters. As the needs of municipal utilities evolve, Mueller Systems is introducing more robust solutions. The Company has developed true two-way capabilities for AMI, which gives utilities the ability to manage their systems remotely. Additionally, the Company’s Mi.Net™ Mueller Infrastructure Network for Utilities goes beyond conventional AMI systems, enabling utilities to deploy newer technology in stages rather than replacing
all systems at one time.
Safe Harbor Statement
Except for historical information contained herein, the statements in this release are forwardlooking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results in future periods of Mueller Water Products to differ materially from forecasted results. Those risks include, among others, changes in customer orders and demand for our products; changes in raw material, labor, equipment and transportation costs; pricing actions by the Company and its competitors; changes in law; the ability to attract and retain management and employees; the inability to successfully execute management strategies with respect to cost reductions, production increases or decreases, inventory control, and the integration of acquired businesses; and general changes in economic and financial conditions, residential and nonresidential construction, and municipal spending. Risks associated with forward-looking statements are more fully described in our filings with the Securities and Exchange Commission. Mueller Water Products assumes no duty to update its forward-looking statements as of any future date.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading North American manufacturer and marketer of infrastructure and flow control products for use in water distribution networks and treatment facilities. Its broad product portfolio includes engineered valves, fire hydrants, ductile iron pipe and pipe fittings, which are used by municipalities, as well as the residential and non-residential construction, oil & gas, HVAC and fire protection industries. With latest 12 months net sales as of September 30, 2009 of $1.4 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 5,300 people. The Company’s Series A common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products Inc., please visit the Company’s Web site at www.muellerwaterproducts.com.
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