Mueller Co. Expands Research & Development Capabilities
Establishes Technology Center to Focus on Next-Generation Water Infrastructure Products
CHATTANOOGA, Tenn., Sept. 5, 2012 (GLOBE NEWSWIRE) -- Mueller Co. has expanded its research & development capabilities with the creation of the Mueller Co. Technology Center (MTC). The MTC centralizes the Company's R&D efforts for its core products and is dedicated to developing next-generation technologies for water infrastructure. The MTC, which is located in Chattanooga, Tenn., builds on Mueller Co.'s long-standing history of innovation in developing products and services that have become industry standards.
According to Dave Woollums, Vice President of Research, Development and Engineering for Mueller Co., the MTC provides the environment necessary for Mueller Co.'s R&D staff to focus exclusively on developing new solutions that improve efficiency, distribution and monitoring capabilities for water utilities.
"During the past 150 years, 'Mueller Co.' has become synonymous with the innovation that has enabled utilities to accurately measure and regulate the flow of water as it is transmitted from source to customer," said Woollums. "We have developed many 'industry firsts' in the water infrastructure space; however, the future holds a new set of challenges for utilities, especially when it comes to improving efficiency, safety and conservation. The Mueller Co. Technology Center demonstrates our commitment to helping utilities continue providing their customers with access to safe, clean drinking water and improve operating efficiences, while addressing the water infrastructure challenges they face."
The MTC is based in Chattanooga, Tenn., along with Mueller Co.'s headquarters, and it is centrally located near three of the company's five primary manufacturing facilities. The location was strategically chosen to help facilitate dialogue between MTC's engineers and Mueller Co.'s other key facilities, which focus on day-to-day operations.
Mueller Co. is a division of Mueller Water Products, Inc. (NYSE:MWA), a leading North American manufacturer and marketer of products and services that are used in the transmission, distribution and measurement of water. Mueller Co. is the largest full-line supplier of flow control products used in distribution systems for municipal potable water and natural gas, and is ISO certified.
This press release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities, events or developments that we intend, expect, plan, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on certain assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors, including regional, national or global political, economic, business, competitive, market and regulatory conditions and the other factors that are described in the section entitled "RISK
FACTORS" in Item 1A of our most recently filed Annual Report on Form 10-K.
Undue reliance should not be placed on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements except as required by law.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. (NYSE:MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. Our broad product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure™. The piping component systems produced by Anvil help build connections that last in commercial, industrial and oil & gas applications. Visit us at www.muellerwaterproducts.com.
CONTACT: Investor Contact: Martie Edmunds Zakas
Sr. Vice President - Strategy, Corporate Development &
Media Contact: John Pensec
Sr. Director - Corporate Communications & Public Affairs
Source: Mueller Water Products, Inc.
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