Press Release Details

RICHMOND, VA – August 5, 2008 – Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions, announced today the launch of a quarterly e-newsletter to share knowledge about pump technology and best fluid-management practices for the Power Generation industry. The publication is targeted to engineers, architects, turbine maintenance engineers, designers and managers of Power Generation facilities.

Named PowerLine, the first issue is scheduled for this summer.

"There are many pumps within a Power Plant that move lubricating oil, fuel oil, coolants, waste and other liquids," said Sean McCandless, Colfax Power Generation Market Manager, and e-newsletter editor. "The better the pump is matched to its application and the more efficiently it runs, the lower its total cost of ownership will be.

"We want to establish an interactive dialogue with the key players in the market," he continued. "They'll be able not only to learn about the latest trends and Colfax's portfolio of pumps for critical Power Generation applications but submit questions to our engineers or send us an RFP/RFQ."

McCandless noted Colfax's deep application expertise in Power Generation. "We've already been writing trade journal articles and speaking at seminars about the challenges facing the industry and other pump technology topics," he said. "The e-newsletter is an ideal forum for us to share expertise with an even broader audience."

The first and future e-newsletters will feature articles by Colfax and Industry experts on pump and Power Generation topics. In the first e-newsletter, Jim Brennan, a Projects Manager for Colfax, reviews the application of high-efficiency pumps within the Power Generation application. Brennan has enjoyed a successful career within the pump industry; he is a member of The Society of Petroleum Engineers and has authored numerous articles for publications including Plant Engineering, Hydrocarbon Processing, Pumps & Systems, Chemical Engineering World, Oil & Gas Journal and others. He has spoken at or presented papers at technical conferences such as Pump Users Expo, Pump Symposium and Pumps & Systems Asia, and he co-authored the book Gulf Pump Guides: Progressing Cavity Pumps, Downhole Pumps and Mudmotors.

People wishing to subscribe to the e-newsletter may sign up at http://www.colfaxcorp.com/powgen/signup2.html.

ABOUT COLFAX CORPORATION – Colfax Corporation is a global leader in critical fluid-handling solutions, including the manufacture of positive displacement industrial pumps and valves used in global oil & gas, power generation, marine, naval and a variety of other industrial applications. Key product brands include, 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's products, businesses and practices is available at www.colfaxcorp.com.

ABOUT COLFAX POWER GENERATION SOLUTIONS – Colfax is a leading global supplier of fluid-handling solutions to the Power Generation industry. The Colfax portfolio of two-screw, three-screw, gear, PC and centrifugal pumps from product brands Allweiler, Houttuin, Imo, Imo AB, Tushaco and Warren serve a wide range of customers, including GE, Siemens, Rolls-Royce, Mitsubishi, Hitachi, ABB, Alstom and Solar Turbines. The company moves and handles fluids in facilities around the world, with deep application expertise in the transfer, treatment and injection of liquid fuels. Its lubrication pumps not only provide peak efficiency, but also provide reliable on-demand operation for gas, steam and hydro turbines, turbo-compressors and generators, and cooling systems.

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CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements, including forward-looking statements within the meaning of the 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 Registration Statement on Form S-1 under the caption "Risk Factors" and other reports filed with the U.S. Securities and Exchange Commission. 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.