Press Release Details

Colfax's Allweiler Business Awarded Euro 5 Million Fuel Injection Skid Order for Iraqi Power Plants

September 7, 2010

Colfax's Allweiler Business Awarded Euro 5 Million Fuel Injection Skid Order for Iraqi Power Plants 12.2 KB

RICHMOND, Va., Sept 07, 2010 /PRNewswire via COMTEX News Network/ -- Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, announced its Allweiler AG business unit will deliver a euro 5 million fuel-injection skid order through Siemens AG for use in gas turbines in Iraq. The skids will be used for power plant expansions in Kirkuk as well as new plants being built in Baiji and Baghdad.

The first two skids will be completed in early 2011. The Iraqi Ministry of Electricity has ordered an additional five and has options to purchase three more.

"We have decades of experience in engineering fuel-forwarding systems for power plants, and our unique solution gave us the edge we needed to win this contract," said Clay Kiefaber, president and CEO of Colfax.

Designed for redundancy with two high-pressure pumps, the skids are capable of switching between multiple fuel types within a short time without shutting down the turbines. The rapid fuel change requires the skids to accommodate significant temperature changes and precise control of liquid pressure for proper operation.

"When the turbine is started, we're pumping low-viscosity fuel oil within a temperature range of 5 to 25 degrees Celsius, but during normal and continuous operation, the system is moving higher-viscosity crude and heavy oil at temperatures up to 130 degrees Celsius," said Johann Engelmann, Allweiler's director of sales and service. "The temperature change is on the order of 60 degrees Celsius per minute."

If pressure decreases during the fuel changeover, gas bubbles will form in the liquid, which may cause severe pump damage and lead to an emergency shutdown of the turbines. The Allweiler skids were designed with a highly refined valve control system capable of reacting quickly to prevent this from occurring.

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, Baric, 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 ALLWEILER - Allweiler AG is the oldest German pump manufacturer and the European market and technology leader for macerators and centrifugal, propeller, screw, progressing cavity, cogwheel, rotary lobe and peristaltic pumps. Headquartered in Radolfzell and with locations in Bottrop and Gottmandingen, Allweiler owns a foundry, produces its own stators, and manufactures ready-to-use fuel and lube oil skids and rinsing-water facilities for commercial marine, oil & gas, chemical processing, specialty chemical, and waste and wastewater applications.

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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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